[Svoboda]

Interesting and relevant. According to this report, it will take folks in Vegas 17 years to save 20% for a median-priced home with a median income.

https://www.theatlantic.com/technolo...tm_source=feed

Non-Vegas related, but something I was shocked at was:

"The Bay Area has become the poster child for this factor. More than half a million jobs were created from 2010 to 2017, but only 76,000 housing units were built." In comparison to the number above for Vegas, it will take folks 40 years to save 20% for a median-priced home with a median income. Crazy.

[JonathanLB]

Originally Posted by vegasfan1985

It's nice to see this thread is still going. I believe if you have a real attachment to the Vegas community or something to always to look forward to that's not vice driven such as gambling, the cost of living shouldn't be an issue for someone there.

The payday loan places on every corner here makes more sense now after someone telling me that.

I've been in my home almost one year, the neighbors are great/quiet, I pay 90 dollars less than if I was still renting the same place back in 2017, I need to make more money, but I've been doing alright and I own something.

It's all perspective and life choices, but Vegas is a great city IF you have things going on. If you don't gambling can suck you in for sure and other things.

My dad just told me how he "wouldn't be a candidate" for living in Las Vegas because even though he loves great meals, he doesn't gamble. He's way too smart to be this stupid, but the reactions we've often gotten are bordering on the absurd. It's not a joke that I think most people believe locals live in hotels on the Strip and somehow if you are in Vegas, gambling must be like your main hobby. You don't have to drink craft beer to live in Portland, you don't have to love coffee to live in Seattle, you don't have to work in the film industry to be in Los Angeles, you don't have to work on Wall Street to live in NYC, and you certainly don't have to gamble to like Las Vegas. It's baffling that people actually think things like this, almost as though they're searching for the most boring city imaginable that's not really known for anything, that way they can feel comfortable that their bland mediocrity will fit into the general blandness of the city lol. Nobody I know who lives in Las Vegas gambles, I always assumed that was more of a tourist thing.

[EA]

I don't drink, gamble, pay for prostitutes, or anything else Vegas related.
I'm here for the lack of rain and opportunity.

I like Vegas quite a bit. I'm only considering moving to LA because I work outside and this heat is harsh. When it's 115 outside and you're standing over a 180 degree engine bay it's rough. I can't drink enough water to stay hydrated. I do 2 gallons a day in the summer.
Also, there's 2-3 million people in Vegas and 10~ million in the LA area. A lot bigger pool of potential customers. Also a lot more money. People drive 150-300k cars here. They drive 1-3 million dollar cars in LA.

[vegasfan1985]

Originally Posted by JonathanLB

My dad just told me how he "wouldn't be a candidate" for living in Las Vegas because even though he loves great meals, he doesn't gamble. He's way too smart to be this stupid, but the reactions we've often gotten are bordering on the absurd. It's not a joke that I think most people believe locals live in hotels on the Strip and somehow if you are in Vegas, gambling must be like your main hobby. You don't have to drink craft beer to live in Portland, you don't have to love coffee to live in Seattle, you don't have to work in the film industry to be in Los Angeles, you don't have to work on Wall Street to live in NYC, and you certainly don't have to gamble to like Las Vegas. It's baffling that people actually think things like this, almost as though they're searching for the most boring city imaginable that's not really known for anything, that way they can feel comfortable that their bland mediocrity will fit into the general blandness of the city lol. Nobody I know who lives in Las Vegas gambles, I always assumed that was more of a tourist thing.

I know quite a few locals who do gamble and they either rent or live with family. And they live paycheck to paycheck obviously. I know some professional people with health insurance and pensions who gamble too and have families.

1 in 4 locals in Vegas supposedly gamble every week.

It's not just a tourist thing.

People believe what they want to believe. It makes it easier not to think.

All of us work for the casinos, are strippers or adult entertainers or are pro poker players.

[JonathanLB]

Originally Posted by EA

I don't drink, gamble, pay for prostitutes, or anything else Vegas related.
I'm here for the lack of rain and opportunity.

I like Vegas quite a bit. I'm only considering moving to LA because I work outside and this heat is harsh. When it's 115 outside and you're standing over a 180 degree engine bay it's rough. I can't drink enough water to stay hydrated. I do 2 gallons a day in the summer.
Also, there's 2-3 million people in Vegas and 10~ million in the LA area. A lot bigger pool of potential customers. Also a lot more money. People drive 150-300k cars here. They drive 1-3 million dollar cars in LA.

Yeah, I hear you, well there are a lot of business opportunities in California even though I hate the state, I have investments in CA that have been quite great and if there's money to be made, I'm not going to begrudge making it no matter where it is, but I'd rather not live there. I can understand the working outside angle, though, I mean yikes... it is HOT in the summer for anything but swimming or indoor AC. Can't say I blame you there. I also don't drink or gamble, though, so for me it's also the lack of rain, no income taxes, entertainment, and affordable cost of living.

If you can make enough money in L.A., and it's dependent on living there, I mean it makes sense but my version of "enough money" would be astronomical. I just don't presently make enough money to live the kind of lifestyle that I'd want in that city because of their exorbitant housing prices, and the terrible traffic is something that saps your lifeblood after a while. I've never lived in a city with good traffic, both Portland and L.A. make the top 10 worst traffic cities, and it makes you want to go absolutely nowhere because it's just never worth it. At least in Vegas, the entertainment is so great that if traffic got worse, it will often still be worth it. Going to a crowded beach in SoCal with nowhere to sit and kind of trash and bums everywhere, eh, even with no traffic it wouldn't be that appealing.

[localinsight]

I agree, WisconsinVegasHeights. In 2013 I moved here from Highland, CA. Like the OP, it was my first purchase, I had always wanted to rent. But after moving 3 times in 3 yrs all around the San Bernardino areas, I was broke and tired. Either owners were being foreclosed upon or wanting to sell once the housing prices increased a little. After comparing rentals and 1 or 2 bedroom condos here and in the inland empire, I realized that although they were roughly the same, the housing stock in Las Vegas was so much newer. After talking to San Bernardino friends about the types of maintenance they were having to do, I decided that it was better to deal with more heat and buy a 2006 1 bedroom w/garage condo out here.
It's hard to believe how much housing costs have gone up here.

I do think the age of the housing stock is a consideration. And, if you live in the Inland Empire, you can't commute to a high paying job in LA or Orange county....It still might be worth the move.

[EA]

Originally Posted by JonathanLB

Yeah, I hear you, well there are a lot of business opportunities in California even though I hate the state, I have investments in CA that have been quite great and if there's money to be made, I'm not going to begrudge making it no matter where it is, but I'd rather not live there. I can understand the working outside angle, though, I mean yikes... it is HOT in the summer for anything but swimming or indoor AC. Can't say I blame you there. I also don't drink or gamble, though, so for me it's also the lack of rain, no income taxes, entertainment, and affordable cost of living.

If you can make enough money in L.A., and it's dependent on living there, I mean it makes sense but my version of "enough money" would be astronomical. I just don't presently make enough money to live the kind of lifestyle that I'd want in that city because of their exorbitant housing prices, and the terrible traffic is something that saps your lifeblood after a while. I've never lived in a city with good traffic, both Portland and L.A. make the top 10 worst traffic cities, and it makes you want to go absolutely nowhere because it's just never worth it. At least in Vegas, the entertainment is so great that if traffic got worse, it will often still be worth it. Going to a crowded beach in SoCal with nowhere to sit and kind of trash and bums everywhere, eh, even with no traffic it wouldn't be that appealing.

I figure I'd need to make 10k a month to live how I live here. Based on the shop here I don't see that being too much of a problem.

[equid0x]

Originally Posted by BBMW

I think that's only one pathology. There are lots of differently way to be dysfunctional in Vegas. Only the gambling one is somewhat unique (and not even that unique any more.)

The bigger problem is that the dysfunctional (or the minimally functional, who then fall into dysfunction), are getting price out of Cali, and ending up in Vegas.

Forget if I replied to this already(just catching up) but I agree with you. The Cali transplants from areas like LA and the Bay are problematic, and they're bringing their problems with them.

Luckily, from what I have seen, most can't hack it here and throw in the towel and move back to Cali within a few months.

You've got to have a thick skin and a bankroll to survive here.

[equid0x]

Originally Posted by Dom Cobb

Oldish report, prices have gone back up slightly;

https://sf.curbed.com/2019/6/5/18654...ring-2019-rise

There is so much money in tech salaries I don’t see real estate dropping there significantly any time soon. It’s a classic supply side issue, not enough for the demand and there are a ton of people who make money. Of course prices will go up as long as salaries will increase. Which they can since there is a small supply of tech workers and they can command high comp packages. Rinse and repeat.

Mmmm... I've lived in an area like that and you get to a point where the good many says they've had enough and gets out.

The salaries seem high but the cost of living is outrageous, with the taxes to go with it. That's why I'm here.

[equid0x]

Originally Posted by Svoboda

Interesting and relevant. According to this report, it will take folks in Vegas 17 years to save 20% for a median-priced home with a median income.

https://www.theatlantic.com/technolo...tm_source=feed

Non-Vegas related, but something I was shocked at was:

"The Bay Area has become the poster child for this factor. More than half a million jobs were created from 2010 to 2017, but only 76,000 housing units were built." In comparison to the number above for Vegas, it will take folks 40 years to save 20% for a median-priced home with a median income. Crazy.

Except that the builders are giving away the houses again like they did before '08. This is going on everywhere. Virtually no-one on an average salary can ever hope to afford a solid down-payment on the salaries they make in the states these days.