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Old 12-31-2018, 01:39 PM
 
Location: California
241 posts, read 143,371 times
Reputation: 425

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Quote:
Originally Posted by ragabnh View Post
Buy gold rather than keep fiat money.
...or buy food and water as well.

 
Old 12-31-2018, 03:14 PM
 
6,385 posts, read 11,886,305 times
Reputation: 6874
Gotta love the Vegas forum. Someone posts an article from a sham newspaper with recent college grads as "journalists" and it devolves into people saying hoard gold and bunker in to save your life.
 
Old 12-31-2018, 03:18 PM
 
Location: Lone Mountain
395 posts, read 272,616 times
Reputation: 660
Quote:
Originally Posted by airics View Post
Economy yes. Market no. Californians are moving to Nevada because of the cost of living is much cheaper, not because of a team
I love this post so much...so true. It's about the COL....totally!
 
Old 01-02-2019, 12:40 AM
 
Location: Temecula
239 posts, read 661,134 times
Reputation: 384
Quote:
Originally Posted by Willy702 View Post
Gotta love the Vegas forum. Someone posts an article from a sham newspaper with recent college grads as "journalists" and it devolves into people saying hoard gold and bunker in to save your life.
The Wall Street journal is a sham newspaper?
https://www.wsj.com/articles/las-veg...ng-11544702400

And since you are the resident pro financial advisor, care to share what you are investing in?
 
Old 01-02-2019, 10:18 AM
 
727 posts, read 1,056,959 times
Reputation: 703
2019 begins as a buyers market:

https://www.cnbc.com/2019/01/02/home...r&par=sharebar
 
Old 01-02-2019, 01:52 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,995,060 times
Reputation: 5057
Quote:
Originally Posted by newopty View Post
gee, and the article doesn't mention that its a buyers market in Vegas... I wonder why..... because it's not!
 
Old 01-02-2019, 02:12 PM
 
Location: Las Vegas
2,880 posts, read 2,807,706 times
Reputation: 2465
Quote:
Originally Posted by newopty View Post
I mean, you don't even have to know how to read to understand that there is no data out there that can imply 2019 has begun as a buyer's market.
 
Old 01-02-2019, 02:37 PM
 
122 posts, read 123,804 times
Reputation: 158
Something is happening.

We received an offer on our house 2 weeks ago from Opendoor for $467k. Today I got an updated offer for $453k.
 
Old 01-02-2019, 06:09 PM
 
Location: Las Vegas, NV
386 posts, read 261,827 times
Reputation: 531
The problem is that house prices have risen at 2x the rate of inflation and wage growth over the last couple of years. The same company that gave the data in newopty's link (CoreLogic) is who has been talking about that since their report that came out this Summer.

Eventually there has to be a tipping point. Good houses, however, will never have problem selling unless the economy hits another widespread recession. A lot of economists have been predicting one in 2020 but some of the models make a lot of assumptions. I'm relocating back to Las Vegas next Summer once my contract is up so I've been keeping an eye on all of the moving parts.
 
Old 01-02-2019, 10:36 PM
 
929 posts, read 399,380 times
Reputation: 761
Quote:
Originally Posted by Bulwara Road View Post
Something is happening.

We received an offer on our house 2 weeks ago from Opendoor for $467k. Today I got an updated offer for $453k.
Why did you ask for an updated offer only after 2 weeks of receiving an offer? Yeah it is called the typical slow season for selling a house, wait till around Apr/May/May/Jun, you'll see. Sell then and you will be fine, that's what I'm doing. Though, I heard houses under $350K are selling the fastest.

Here is an article from Realtor.com only published 18 hours ago. Dunno how reliable they are with predictions but it's something.

https://www.realtor.com/news/trends/...d-to-take-off/

Last edited by MaryoVilla; 01-02-2019 at 10:44 PM..
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