[MediocreButArrogant]

I have to laugh out loud when a neighborhood where the median home price is just over $300k is considered upscale. That wouldn't buy you a 1br condo in a bad neighborhood here. The average Summerlin resident would be a renter for life if they had to live in the Bay Area.

[EA]

I do not understand how people can afford to live in such expensive areas. A friend of mine bought a house for 450,000 in Hollywood. No lie, it looks like a shack you'd find in the middle of the woods in West Virginia. My living room is larger than his entire house. I would take my house, and area, over his house and area any day of the week and my house sold for 150k.


A million dollars in California would buy you a house like my Mother's, which is near the ocean, but in Florida. She paid 100,000 for it. Full acre of land, 9 orange trees. A pretty nice place. Why spend 10 times as much?

[winter-rabbit]

Having lived in Summerlin for more than 6 months now, I actually prefer the congested Henderson south of 215. There is more of an urban vibe.

I like see more runners/bicyclists on the streets. My running club has most of it's members in Henderson.

The trails in Summerlin are beautiful and not a lot of residents use it. Such a shame.

[winter-rabbit]

This depends on the lifestyle you want.

Proximity to things is huge factor.

I actually like my house to be in solitude (no neighbors within 30 yards) but I like commercial/urban development.

SO I found a nice place hopefully I will be moving to in June!

Originally Posted by EA

I do not understand how people can afford to live in such expensive areas. A friend of mine bought a house for 450,000 in Hollywood. No lie, it looks like a shack you'd find in the middle of the woods in West Virginia. My living room is larger than his entire house. I would take my house, and area, over his house and area any day of the week and my house sold for 150k.


A million dollars in California would buy you a house like my Mother's, which is near the ocean, but in Florida. She paid 100,000 for it. Full acre of land, 9 orange trees. A pretty nice place. Why spend 10 times as much?

[lvoc]

Originally Posted by Raiderman

I, to an extent, agree with EA. Some people who live in Summerlin with whom I've interacted tend to project an air of exclusivity, when in reality, there is nothing exclusive about it. It's simply a nice neighborhood like any of the dozens of neighborhoods around the valley.

There are exclusive pockets around the valley where the uber-rich live, but Summerlin's not one. It's middle-class to upper-middle-class, yet the "stereotypical Summerlinite" is snooty about it, like only the wealthy live there.

Actually the large difference between the median and the average price in Summerlin indicates that there is an expensive component in the mix. And there is.

The high end tracts in Summerlin exceed anything else in the Valley. There are also other tracts elsewhere that are high end but nothing that exceeds high end Summerlin. Examples would be TPC or some of the tracts in the Ridges. Adelsons' home would be a primary example. 50,000 SF? 50 million maybe?

[BBMW]

I live in a 750 sqft apartment in Manhattan that I bought almost twenty years ago. It's now worth pretty much 3x what I paid for it. The average price around here is now getting north of $1 millon. Market rate rentals are something like $3,000 for a one bedroom.

This one of the reasons I keep thinking about moving out there.

Originally Posted by EA

I do not understand how people can afford to live in such expensive areas. A friend of mine bought a house for 450,000 in Hollywood. No lie, it looks like a shack you'd find in the middle of the woods in West Virginia. My living room is larger than his entire house. I would take my house, and area, over his house and area any day of the week and my house sold for 150k.


A million dollars in California would buy you a house like my Mother's, which is near the ocean, but in Florida. She paid 100,000 for it. Full acre of land, 9 orange trees. A pretty nice place. Why spend 10 times as much?

[FrostyToasty]

Originally Posted by Raiderman

I, to an extent, agree with EA. Some people who live in Summerlin with whom I've interacted tend to project an air of exclusivity, when in reality, there is nothing exclusive about it. It's simply a nice neighborhood like any of the dozens of neighborhoods around the valley.

There are exclusive pockets around the valley where the uber-rich live, but Summerlin's not one. It's middle-class to upper-middle-class, yet the "stereotypical Summerlinite" is snooty about it, like only the wealthy live there.

The uber rich don't live in Summerlin? It has the highest end market in the entire Las Vegas Valley. What pockets in the valley are you saying is higher than The Ridges? The Ridges has the highest concentration of $5+ million dollar houses in the entire Las Vegas Valley, even more so than MacDonald Highlands.

Here are some income statistics. For 2009-2013, household income..

In 89138 is $104,361 median and $125,546 mean. link
In 89135 is $91,579 median and $135,409 mean. link

These two zip codes (89138 and 89135) have the highest income figures of any zip codes in the Las Vegas Valley. It's also the two zip codes with the highest median property values. Here's figures for the two highest household incomes in Henderson for comparison.

In 89052 is $75,555 median and $102,775 mean. link
In 89044 is $72,573 median and $86,267 mean. link

So what does this tell us? Does it mean that everyone in Summerlin is rich? No of course not. But it does mean that Summerlin has the highest concentration of the rich than any other part of the Las Vegas Valley.

[Clarkcty]

Originally Posted by Raiderman

I, to an extent, agree with EA. Some people who live in Summerlin with whom I've interacted tend to project an air of exclusivity, when in reality, there is nothing exclusive about it. It's simply a nice neighborhood like any of the dozens of neighborhoods around the valley.

There are exclusive pockets around the valley where the uber-rich live, but Summerlin's not one. It's middle-class to upper-middle-class, yet the "stereotypical Summerlinite" is snooty about it, like only the wealthy live there.

You are NOT going to like hanging out at the bars inside Red Rock Resort, pretentious. Sad considering I love the resort but you can just ignore those people and still enjoy Red Rock Resort.

There are many affluent residents in Spring Valley and many of them reside in the "rural" custom built homes/mansions around town but the community is not pretentious at all. For those wishing to reside in those guard gated mansions, Spring Valley has an abundance of those too. Same goes for other parts of Clark County.

[palepeople]

I grew up in Las Vegas, but now I wouldn't consider living anywhere but Henderson. IMHO it is the best run city in the state with the lowest taxes in the valley. Also, as someone mentioned earlier, the traffic is much better.

[lvoc]

Taxes are higher in Henderson than in Clark County which is also the biggest municipality in the State. I would also opine that Eastern traffic in Henderson is about the worst area in Las Vegas other than the strip.

It is a very nice place though.