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Old 11-07-2020, 08:43 PM
 
Location: Southern Highlands
2,161 posts, read 1,338,946 times
Reputation: 1886

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Quote:
Originally Posted by peta2013 View Post
Seems like a lot of low pay service jobs though
Educated professionals can make an excellent living anywhere. Just ask one if you ever meet one.
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Old 11-07-2020, 08:50 PM
 
Location: Lone Mountain Las Vegas NV
16,951 posts, read 7,008,813 times
Reputation: 7926
Quote:
Originally Posted by airics View Post
its going to get ALOT more expensive to own a house with the new 3% annual federal property tax on the value of the home..... and if you rent, you will still pay it.. the landlord will pay that tax onto you...

$400k home = $1,000 tax per month on top of your property taxes
appears to be right wing fiction...

https://apnews.com/article/afs:Content:9401842683
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That would have to be one of the more ultimate congressional battles. Unlikey.
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Old 11-08-2020, 04:09 PM
 
Location: Lone Mountain
274 posts, read 105,030 times
Reputation: 342
Quote:
Originally Posted by mojo101 View Post
no more cheap buffets at the casinos !
but you dont have to shovel snow.
No hurricanes either,no flooding!
I just made it to Southpoint on Friday for their buffet. It
wasn't my favorite but I was happy to be able to go to a buffet
since most are shut. The prepared salads were actually really
good and they had a nice shrimp taco station that was also
very tasty. The price was also pretty low as well , $12 for lunch
so my expectations weren't that high. I hope Red Rock brings back
their buffet next year...love the Sunday brunch there.

Who else is still open? Just Wicked Spoon?
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Old 11-11-2020, 10:48 AM
 
Location: Milford, CT
371 posts, read 228,109 times
Reputation: 365
Quote:
Originally Posted by Willy702 View Post
Amazes me how unsophisticated people are in thinking of housing costs. Unless you figured out a way to pick up that house in Las Vegas and move it to a coastal California city they should NEVER be compared. Housing is always a reflection of the ability for potential buyers to earn an income to pay for it. In this regard Las Vegas has become much more expensive, median household incomes are not rising that much to keep up with housing prices. Then again, if someone already made their money elsewhere and is just buying a second home, a place to WFH while getting higher wages, or a retirement home the impact is not so bad.

The part you have to consider is will Las Vegas employment market eventually reprice, that is will in the face of higher housing costs, will employers be forced to give into paying higher salaries to attract the talent they desire? It can happen over time, even the lower end wages almost have to go up or else service businesses can't stay staffed. What this current trend feels like is the market getting ahead of itself and at some point we'll have to see how employers react. If they don't feel compelled to raise wages, the market will get stuck and prices will stay in neutral for many years. This is hard to predict because while Las Vegas has long attracted people from other areas to relocate, the higher price of housing is the lone thing that could stop that.
Except that some of unsophisticated people don't have employment that is tied to a specific geography. I run a small virtual tech-education company. All our employees work from home in various geographies and I can live anywhere.

For what I spend on rent on a small one-bedroom condo to be one hour (by train) from Manhattan, I can rent a home with a pool in a good area of Las Vegas. My income won't change when I move to Vegas early next year.

So for me-- as unsophisticated as I am-- comparisons are apt.
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