Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-18-2020, 09:25 PM
 
Location: Las Vegas
2,880 posts, read 2,811,954 times
Reputation: 2465

Advertisements

Quote:
Originally Posted by lvmensch View Post
Clark County has not lost population in the period of 1975 until today. Even in the 2008 period the population increased.

Here is a graph from FRED...

https://fred.stlouisfed.org/series/NVCLAR3POP
Yes, but the size of the labor force shrunk for many years after 2008
Reply With Quote Quick reply to this message

 
Old 08-06-2020, 08:55 PM
 
223 posts, read 156,997 times
Reputation: 477
Quote:
Originally Posted by Katie the heartbreaker View Post
I do not know much about real estate other than it is in a huge bubble. This guy below is a real estate agent in California, so he knows much more about it than I do. He says we are going to have a massive crash in real estate like we have never seen.



https://www.youtube.com/watch?v=3yVwJfnxpDQ
Katie - I find it odd that you are trying to reverse course now, saying you thought prices would go up! Back in March you posted this you tube video of a guy calling for impending doom.
Reply With Quote Quick reply to this message
 
Old 08-06-2020, 09:28 PM
 
1,254 posts, read 1,060,581 times
Reputation: 3077
Quote:
Originally Posted by Dom Cobb View Post
Katie - I find it odd that you are trying to reverse course now, saying you thought prices would go up! Back in March you posted this you tube video of a guy calling for impending doom.

I am not reversing course at all. I said that both the housing and stock market would likely keep going up breaking record after record. I said it on March 15th in this very thread. I also have said many times that I do not agree with everything that is in the articles and videos that I post. That guy is a real estate agent, but he was wrong. I personally have been a both a stock market and housing market bull since March 15th when the huge QE was announced. Both the stock market AND real estate market are in huge bubbles, but that does not mean they cannot continue to go up for the time being.
Reply With Quote Quick reply to this message
 
Old 08-06-2020, 09:58 PM
 
335 posts, read 187,913 times
Reputation: 746
Homes are going like crazy. I just started to look and there are multiple offers on homes and new homes sale before I can get to the appointment. I spoke with a new home agent and he said he hasn't seen anything like this in a long time.
Reply With Quote Quick reply to this message
 
Old 08-07-2020, 05:14 PM
 
Location: Here and there, you decide.
12,908 posts, read 28,014,708 times
Reputation: 5057
Quote:
Originally Posted by Rose998 View Post
Homes are going like crazy. I just started to look and there are multiple offers on homes and new homes sale before I can get to the appointment. I spoke with a new home agent and he said he hasn't seen anything like this in a long time.
homes will keep selling like crazy as long as the interest rate remains low.... almost impossible to find a deal anywhere now.. I believe that there are going to be a lot of foreclosures but not cheap as before. If you have good credit or cash...you are in very good shape to buy real estate. the only thing to watch is what happens in November. If the administration changes, all bets are off and things will start to go down (not crash.. just either remain flat or go down). If the administration stays, values go up greatly in my opinion.

the people that collected unemployment and the stimulus weekly are going to go into 2 groups.. if they saved that money, put it to the mortgage or rent, etc.. they will be ok... If they spent, thinking rent will be forgiven, they are screwed.

just my opinion...

personally, I'd love to buy my house back for what I originally paid.. but we know that's not going to happen...
Reply With Quote Quick reply to this message
 
Old 08-07-2020, 05:53 PM
 
Location: Las Vegas
2,880 posts, read 2,811,954 times
Reputation: 2465
Not sure why people are trying to predict the housing market month to month, it's lunacy. The record prices occured because of sales concentrated in the top end of the market and lack of inventory. If that continues, then sure, the market will keep rising. Cheap money also helps.

I don't think politics belong in housing predictions, the economy is screwed either way. Whatever the flow on effect on housing is, is anyone's guess.

My guess was that houses would fall at least 10% in the next 2-5 years. I don't think a fall of that magnitude will be catastrophic.

Last edited by OmegaSupreme; 08-07-2020 at 06:27 PM..
Reply With Quote Quick reply to this message
 
Old 08-07-2020, 09:05 PM
 
335 posts, read 187,913 times
Reputation: 746
Quote:
Originally Posted by airics View Post
homes will keep selling like crazy as long as the interest rate remains low.... almost impossible to find a deal anywhere now.. I believe that there are going to be a lot of foreclosures but not cheap as before. If you have good credit or cash...you are in very good shape to buy real estate. the only thing to watch is what happens in November. If the administration changes, all bets are off and things will start to go down (not crash.. just either remain flat or go down). If the administration stays, values go up greatly in my opinion.

the people that collected unemployment and the stimulus weekly are going to go into 2 groups.. if they saved that money, put it to the mortgage or rent, etc.. they will be ok... If they spent, thinking rent will be forgiven, they are screwed.

just my opinion...

personally, I'd love to buy my house back for what I originally paid.. but we know that's not going to happen...
Very true. The interest rate is definitely a motivator. I wonder when it (interest rate) will start to go up?
Reply With Quote Quick reply to this message
 
Old 08-08-2020, 12:06 AM
 
Location: Lone Mountain
395 posts, read 273,296 times
Reputation: 660
Quote:
Originally Posted by Rose998 View Post
Very true. The interest rate is definitely a motivator. I wonder when it (interest rate) will start to go up?
I expect next year as well as federal tax rates in order to service all the
recent debt the federal government has been accumulating. I'm not really
a big fan of the Corona virus Stimulus bills since they seem to be more stuffed
with pork and corporate giveaways than direct benefit to needy individuals.
And then we have all the money going out for the medical R&D...needed but still
adds up rapidly. We can't continue on a path of spend, spend, spend without
consequences.
Reply With Quote Quick reply to this message
 
Old 08-08-2020, 02:06 AM
 
Location: Las Vegas
2,880 posts, read 2,811,954 times
Reputation: 2465
Quote:
Originally Posted by Rose998 View Post
Very true. The interest rate is definitely a motivator. I wonder when it (interest rate) will start to go up?
Once inflation hits, within the next 5 years.
Reply With Quote Quick reply to this message
 
Old 08-08-2020, 07:21 AM
 
223 posts, read 156,997 times
Reputation: 477
Quote:
Originally Posted by OmegaSupreme View Post
Once inflation hits, within the next 5 years.
Highly doubt inflation is going to be an issue. Inflation that we remember from the 50-70s was largely caused by significant wage growth due to large union presence and collective bargaining and a perfect storm of oil shortages hyper accelerated it.

If we’re talking about non core inflation, ie the real world - yeah, housing, healthcare and education have sky rocketed in the last 30 or so years. Problem is that does not have a direct correlation to money fixed assets and bonds. Those things are more affordable over a long period of payments as a result of lower Interest rates, not the cause.

There has been a ton of head scratching in the economic world wondering where the inflation went. Sure, it could come back but that’s the least of my concern right now.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2022 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
View detailed profiles of:

All times are GMT -6. The time now is 07:08 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top