[Madam Oink]

I may have a job offer that will require moving from the metro Atlanta area to Las Vegas. The salary and benefits will be far better in LV than my current job in ATL. The cost of living is about the same in both cities.

In your opinion, has Vegas already seen the worst of it....or is there more to come? My area has been hit very hard.....many businesses are closing and I know LOTS of people (blue and white collar) who are unemployed.

What's your take on the Vegas ecomony and job market? Thanks for you replies!

[airics]

more to come...definitely... with the new stimulus.. what a joke!

[ComeBack_Kid]

Originally Posted by Madam Oink

I may have a job offer that will require moving from the metro Atlanta area to Las Vegas. The salary and benefits will be far better in LV than my current job in ATL. The cost of living is about the same in both cities.

In your opinion, has Vegas already seen the worst of it....or is there more to come? My area has been hit very hard.....many businesses are closing and I know LOTS of people (blue and white collar) who are unemployed.

What's your take on the Vegas ecomony and job market? Thanks for you replies!

A) People are gonna wanna get on this post for spelling economy "ecoMoNy", so lets all get over that mistake now.

B)Its getting continually worse, and will continue to do so for at least a year to come; of that there is no debate. Done deal.

C)Its easy to knock the stimulus, but what are the alternatives? Explain viable alternatives and back them up with reputable sources. If anybody says that the stimulus bill is a "spending bill" you are embarrassing yourself. No duh. The stimulus won't make the problem go away, but with proper oversight, it can help us from diving into an inflationary depression. Anyone care to debate? I'm a finance major who studies this every day, so I'm game

[airics]

well i don't have a source, but just to increase the economy, you have to give some money to the people, you have to lock the rates of those who have arms... you are not going to get rid of the foreclosures.. just look at that show "extreme makeover" where they give the people a house, many of those can't even afford the tax payments... there is no way a family that makes $40k a year, should be in a $400k house, period! this is just my opinion of course..

[BobKovacs]

Having lived in both cities, I can concur that the cost of living will be similar, though you may end up further ahead due to a lack of state income tax. That said, the question of whether the move makes sense given potential further hits to the economy depends greatly on the industry and position that you're in- probably moreso than the city you're in. A little more info on that front may help you get better responses.

[ComeBack_Kid]

Originally Posted by airics

well i don't have a source, but just to increase the economy, you have to give some money to the people, you have to lock the rates of those who have arms... you are not going to get rid of the foreclosures.. just look at that show "extreme makeover" where they give the people a house, many of those can't even afford the tax payments... there is no way a family that makes $40k a year, should be in a $400k house, period! this is just my opinion of course..

I completely agree with this

Lock the ARM rates right now! And yes shows like "extreme makeover" have a term: "housing porn"

And more than anything, we need REGULATION AND OVERSIGHT!

[Madam Oink]

Yikes! Of course I know how to spell economy. Please excuse the typo. (Never mind that I did it twice ....what a moron!!)

The job I've interviewed for is the retail side for one of the premiere resorts on the Strip. The position is at the Director level. I know I would like Vegas better than the backward, conservative, "red" state of Georgia. However, my fear is moving my life out there only to be quickly "down-sized".

Any advice or insight will be appreciated. Thanks!

[jfkIII]

Originally Posted by ComeBack_Kid

And yes shows like "extreme makeover" have a term: "housing porn"

Then I'm not going the back door of the house!!!

[airics]

that is a very "dangerous" position... these positions tend to be put on hold often and are the first to let go (venetian)....i would be cautious especially if you have a position where you are currently.

[dmilll]

Originally Posted by ComeBack_Kid

C)Its easy to knock the stimulus, but what are the alternatives? Explain viable alternatives and back them up with reputable sources. If anybody says that the stimulus bill is a "spending bill" you are embarrassing yourself. No duh. The stimulus won't make the problem go away, but with proper oversight, it can help us from diving into an inflationary depression. Anyone care to debate? I'm a finance major who studies this every day, so I'm game

I posted something similar in another thread but it seemed relevant to your question.

As an alternative to the $800+ billion "Stimulus" package, what's wrong with permanent tax cuts spread across all income brackets? For those keeping score, the combined tab for all these bailouts, loans etc, is somewhere in the neighborhood of 9 TRILLION dollars. Combined with other programs, guarantees and debt obligations, this is going to take the public (i.e. taxpayers) generations to pay down.

IMHO, lower taxes each pay period will translate into more $$ to spend/save as the person who earned it sees fit. One of the reasons I think this does not gain more traction is that people do not actually realize how much they pay each year in taxes. If automatic withholding did not exist (like before WWII) and people had to write a lump sum each year, I think there would be more support for cuts.

Another factor to consider is time. Yes – there is a host of new spending in the “Stimulus” bill but many of these measures will take time to implement and get approved. Significant tax cuts (i.e. Payroll or Income) have the potential to impact the economy a lot more quickly then new spending as people will see an immediate increase in their take home pay.

Side Note: Having more disposable income is especially key to a city like Las Vegas which is still largely dependant on tourism. The Mega Resort model of recent years needs people to spend on more than just gaming. I don’t see this business model changing in the near future so how are you going to get people to come to Vegas and spend more than they have in the last year or so?

Anyway, I guess only time will tell if the plans on the table prove successful...