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Old 04-29-2020, 11:03 AM
 
Location: Las Vegas 89146
355 posts, read 211,172 times
Reputation: 574

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Quote:
Originally Posted by OmegaSupreme View Post
what are your expectations?
Quote:
Originally Posted by airics View Post
Considering 28 days ago the virus was around, and in 6 months it should be gone, I’d be expecting a 20% increase.
It may well be substantial. When I signed the lease on this place it was $1244. If I signed the same lease today it would be $1498...which is right about 20%.
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Old 04-29-2020, 08:17 PM
 
2,724 posts, read 4,750,604 times
Reputation: 1042
Quote:
Originally Posted by Cold Warrior View Post
Unintentional irony is the best irony.
Hello Crypto Vampire.
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Old 04-29-2020, 08:21 PM
 
2,724 posts, read 4,750,604 times
Reputation: 1042
A Crypto Vampire is a type of sociopathic internet troll, similar to a psychic vampire (one who feeds on the life force energy of others). The difference being, a Crypto Vampire uses the internet and social media as their hunting ground. A Sociopath for the digital age.
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Old 05-02-2020, 10:15 PM
 
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New listings seem to be more prudent in their initial pricing as we see an overall lower listing price on available properties.

There were 4718 residential listings taken in March (500 more than in February).

The 7722 available listings is a demonstrative 28 percent increase from February, while the 3874 "pending" reflects a 30% decrease in open escrows.

There was another contraction in the residential market closing at or below $250K. The fewer closings at that price point pushed the "median" closing prices higher.
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Old 05-06-2020, 10:27 AM
 
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Las Vegas real estate headwinds...

1) Massive fiat currency debt bubble

2) Banking suspensions of all forms of credit and mortgages

3) Bank restrictions on cash withdrawals

4) Engineered pandemic

5) Federal and state govt issuing orders of indefinite house arrest without due process

6) Targeted destruction of private property rights by suspending civil courts for evictions and foreclosures

7) Unprecedented restrictions on freedom of association, speech, travel, accommodations and commerce
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Old 05-06-2020, 10:57 AM
 
223 posts, read 154,477 times
Reputation: 477
Quote:
Originally Posted by eventusstultorummagister View Post
Las Vegas real estate headwinds...

1) Massive fiat currency debt bubble

2) Banking suspensions of all forms of credit and mortgages

3) Bank restrictions on cash withdrawals

4) Engineered pandemic

5) Federal and state govt issuing orders of indefinite house arrest without due process

6) Targeted destruction of private property rights by suspending civil courts for evictions and foreclosures

7) Unprecedented restrictions on freedom of association, speech, travel, accommodations and commerce
Alex Jones? Is that you?
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Old 05-06-2020, 11:25 AM
 
779 posts, read 466,344 times
Reputation: 1461
Quote:
Originally Posted by Dom Cobb View Post
Alex Jones? Is that you?
Could be, but missing the requisite "eating my neighbors azz" to show certainty.
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Old 05-06-2020, 11:36 AM
 
2,724 posts, read 4,750,604 times
Reputation: 1042
8) 20.2 million lost jobs
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Old 05-06-2020, 11:37 AM
 
Location: North Las Vegas NV
661 posts, read 626,403 times
Reputation: 793
Latest data from the LVR for April 2020, 5/6/2020:

"Las Vegas house prices last month were up from a year ago, but sales and listings fell hard amid the economic shutdown sparked by the coronavirus pandemic.

The median sales price of previously owned single-family homes — the bulk of the market — was $310,000 in April, up 3.3 percent from the same month last year, according to a new report from trade association Las Vegas Realtors.

A total of 1,971 houses traded hands last month, down 31.4 percent from April 2019, and owners put 2,516 houses up for sale, down 41.6 percent, the group reported.

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The association pulls data from its resale-heavy listing service.

Las Vegas’ housing market started 2020 with a burst of sales but was widely expected to get hit by the fallout from the pandemic, which in March sparked statewide shutdowns of casinos and other businesses to help contain the virus’ spread, leading to record job losses.

Some good signs

There were a few bright spots in the housing market last month amid all the turmoil in Southern Nevada. Prices didn’t collapse, and the tally of canceled deals tumbled from year-ago levels after nearly doubling in March.
According to the association, 1,190 home sales were canceled in April, down almost 11 percent from April 2019.

LVR President Tom Blanchard, a broker with Renters Warehouse, said in a statement that sales were expected to slide during the pandemic, but he figures “many people are surprised” by the tally of cancellations last month.

He also said it’s a good sign that prices held up “relatively well.”

“As we keep telling our members, we will get through this by working together,” Blanchard said."
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Old 05-06-2020, 11:43 AM
 
2,724 posts, read 4,750,604 times
Reputation: 1042
Reality is coming... very soon.
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