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The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!

 
Anonymous Coward
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05/17/2021 11:48 PM
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The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short supply, home construction can’t keep up.

However, Ali Wolf, chief economist with Zonda, quoted by CNBC, claims, “The lot supply shortage is real, and it is causing prices to rise and builders to move further into the suburbs.”

Diana Olick writes, “The surge in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multi family home, according to the NAHB.”

Las Vegas in the early to mid-2000s enjoyed an epic housing boom. This one is crazier.....'

[link to www.zerohedge.com (secure)]
ambermink

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05/18/2021 12:12 AM

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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
Anonymous Coward
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05/18/2021 12:43 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


...you're very late. Vegas and Arizona have been a desination for Californians for YEARS because the cost of living has always been far cheaper. The Raiders have nothing to do with it.
Anonymous Coward
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05/18/2021 12:59 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Nevada has already turned into a blue state.
This of course will make even more of a liberal cesspool.

Sad, really.
Nevada not too long ago was probably the most wild west and conservative state.
Now it's another California.
Flying Elvii

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05/18/2021 01:07 AM

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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short supply, home construction can’t keep up.

However, Ali Wolf, chief economist with Zonda, quoted by CNBC, claims, “The lot supply shortage is real, and it is causing prices to rise and builders to move further into the suburbs.”

Diana Olick writes, “The surge in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multi family home, according to the NAHB.”

Las Vegas in the early to mid-2000s enjoyed an epic housing boom. This one is crazier.....'

[link to www.zerohedge.com (secure)]
 Quoting: Vasile


Creeping?
When I was out there a few weeks ago, they were building new houses and apartments at the TOP of Railroad Pass. 15 years ago, that was miles from the city.

They were laying laying out streets for a new subdivision just west of Boulder City, near the massive Solar Farm.

That is consistently the hottest place in America, summer daytime temps AVERAGE over 100 degrees, and run into the low 120’s. A massive amount of energy is going to be required to keep those places cool.
Anonymous Coward
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05/18/2021 01:15 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


hesright

:amazing::bad_egg::bad_smile:

There's a twatter out there that documents the crime in the strip and downtown Vegas quite well
Beefree1000

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05/18/2021 01:17 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Vegas is dead.
Anonymous Coward
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05/18/2021 01:23 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
NEVER NEVER NEVER follow the crowd!
mlabors

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05/18/2021 01:27 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Nevada has already turned into a blue state.
This of course will make even more of a liberal cesspool.

Sad, really.
Nevada not too long ago was probably the most wild west and conservative state.
Now it's another California.
 Quoting: Anonymous Coward 77666304


It has always been a blue state. But, I think the governor is turning it red with his shit decisions. Population is coming from CA. We are getting the same in Phoenix. Will have to sell properties soon to take profits, before it all collapses.
Anonymous Coward
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05/18/2021 01:44 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Nah. Black people are visiting more because casinos were so cheap they could actually afford it, so we got all the Black guetto crowd in full force.
StayCurious

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05/18/2021 01:45 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Just like bitcoin, real estate will come crashing down once the real economy is dealt with. Keeping a home is about to become a lot more difficult than most realize. All this mania won't last too much longer. Lots of supply is coming and it's going to be almost unreal to the people who don't recognize the obvious warning signs.
Anonymous Coward
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05/18/2021 02:20 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


they've ruined phoenix

it was so nice until about 5 yrs ago

I think the Houston floods cause many to be moved to Phx...

now...

trash everywhere

crime way way up

blacks have moved in

it SUCKS now

and don't LIBEL me a racist

because ITS OBVIOUS THE LIFESTYLE IS MUCH WORSE

and if you're black WHY THE FUCK CANT YOU PUT YOUR TRASH IN THE GODDAMM TRASHCAN LIKE EVERYBODY ELSE...GOTTA PUT IT ON SOMEONE ELSE RIGHT?
TOO FUCKING LAZY AND STUPID TO EVER CORRECT YOURSELVES!
CK Dexter Haven

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05/18/2021 02:22 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
You'd have to be a fool to move there right now.

derp

Last Edited by CK Dexter Haven on 05/18/2021 02:22 AM
Supreme ChugALugging

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05/18/2021 02:28 AM

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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
My sister and her so called husband.. Pfft..

Bought in Vegas few months ago, 400,000 grand house..

And he is a federal worker..

Not sure how they can pay for it.. But they got it..

What's weird is about 6 years years ago or so, they were going to declare bankruptcy..?

So how in the hell they go from that to that?

Banks are giving out money like pez dispensers..

Remember 2008.. Here we come!
Romans 14:11 It is written:
“‘As surely as I live,’ says the Lord,
‘every knee will bow before me;
every tongue will acknowledge God.

Revelation 20:15 Anyone whose name was not found written in the book of life was thrown into the lake of fire.
Supreme ChugALugging

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05/18/2021 02:32 AM

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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Check this out..

[link to networkinvegas.com (secure)]

[link to twitter.com (secure)]


More people Under 40 Have been Murdered in Las Vegas than Died of COVID

Last Edited by ChugALugging on 05/18/2021 02:33 AM
Romans 14:11 It is written:
“‘As surely as I live,’ says the Lord,
‘every knee will bow before me;
every tongue will acknowledge God.

Revelation 20:15 Anyone whose name was not found written in the book of life was thrown into the lake of fire.
Supreme ChugALugging

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05/18/2021 02:38 AM

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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
I hate Vegas.. Worked there,July 2001-2006..worst place ever..

I don't know how people do it.. It sucks, i never really want to go back..
Romans 14:11 It is written:
“‘As surely as I live,’ says the Lord,
‘every knee will bow before me;
every tongue will acknowledge God.

Revelation 20:15 Anyone whose name was not found written in the book of life was thrown into the lake of fire.
Anonymous Coward
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05/18/2021 05:04 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
haha

dumbasses wanna die
Anonymous Coward
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05/18/2021 05:05 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
I hate Vegas.. Worked there,July 2001-2006..worst place ever..

I don't know how people do it.. It sucks, i never really want to go back..
 Quoting: Supreme ChugALugging


and it attracts the worst people from all over the nation
Anonymous Coward
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05/18/2021 05:07 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


they've ruined phoenix

it was so nice until about 5 yrs ago

I think the Houston floods cause many to be moved to Phx...

now...

trash everywhere

crime way way up

blacks have moved in

it SUCKS now

and don't LIBEL me a racist

because ITS OBVIOUS THE LIFESTYLE IS MUCH WORSE

and if you're black WHY THE FUCK CANT YOU PUT YOUR TRASH IN THE GODDAMM TRASHCAN LIKE EVERYBODY ELSE...GOTTA PUT IT ON SOMEONE ELSE RIGHT?
TOO FUCKING LAZY AND STUPID TO EVER CORRECT YOURSELVES!
 Quoting: Anonymous Coward 80185992



there needs to be a real plague
Anonymous Coward
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05/18/2021 05:16 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Where there are blacks there will be crack!

In other words LV about to go full HOOD if ya know what I mean.
Anonymous Coward
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05/18/2021 05:21 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
the people moving out of california are being replaced with illegals

that is one of the reasons why the cost of both real estate and construction materials is skyrocketing

that on top of trillions of dollars in fiat spending and artificially low interest rates
Phillip J. Fry

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05/18/2021 05:22 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Talked to a cop there last month. they commit most of the violent crimes.

Residents and Visitors.

Cheap rooms in the casinos and flush with gov. cash.

Had rival LA gangbangers actually having a gun fight through the room walls.
SWAT had to get them out.

Others evicted drive by shooting up the front of the casino.
.

"Don't do anything that affects anything. Unless it turns out you were supposed to do it, in which case for the love of God. Don't not do it!"
Anonymous Coward
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05/18/2021 05:25 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Nah. Black people are visiting more because casinos were so cheap they could actually afford it, so we got all the Black guetto crowd in full force.
 Quoting: Anonymous Coward 73910732


I read blacks have been taking vacations to places like the Caribbean due to tickets being extremely low due to covid. Well there are videos out there on youtube of them destroying private and government property, fights, dancing and twerking in the middle of busy streets, fighting thus getting arrested by cops and saying...

I Didn't do anything

LOL
Anonymous Coward
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05/18/2021 05:29 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
las vegas was originally intended to be a vacation getaway town

it was never intended to be a major metropolis in the middle of the desert

but now it is a permanent vacation town for people in california being displaced by illegals
Anonymous Coward
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05/18/2021 05:31 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
las vegas was originally intended to be a vacation getaway town

it was never intended to be a major metropolis in the middle of the desert

but now it is a permanent vacation town for people in california being displaced by illegals
 Quoting: Anonymous Coward 80378465


Naaa say it how it is...BLACKS being displaced by illegals that work harder than those monkeys.
Anonymous Coward
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05/18/2021 05:33 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Talked to a cop there last month. they commit most of the violent crimes.

Residents and Visitors.

Cheap rooms in the casinos and flush with gov. cash.

Had rival LA gangbangers actually having a gun fight through the room walls.
SWAT had to get them out.

Others evicted drive by shooting up the front of the casino.
 Quoting: Phillip J. Fry


sounds like what happened to houston when they were tansplanted by fema after hurricane katrina

the strip joints were swamped with people spending their ebt cards
Anonymous Coward
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05/18/2021 05:35 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
las vegas was originally intended to be a vacation getaway town

it was never intended to be a major metropolis in the middle of the desert

but now it is a permanent vacation town for people in california being displaced by illegals
 Quoting: Anonymous Coward 80378465


Naaa say it how it is...BLACKS being displaced by illegals that work harder than those monkeys.
 Quoting: Anonymous Coward 78993319


you should read some recent articles by david cole on taki mag

he says the exact same thing, and he explains the context and implications as such
Louis in Richmond
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


They brought their 'culture' with them to town.
Until your military service has required you neutralize enemy combatants and invaders in the defense of your country,
don't presume to tell us that have defended you that you don't support every shot we fired to eliminate that enemy.
Anonymous Coward
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05/18/2021 05:37 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
My sister and her so called husband.. Pfft..

Bought in Vegas few months ago, 400,000 grand house..

And he is a federal worker..

Not sure how they can pay for it.. But they got it..

What's weird is about 6 years years ago or so, they were going to declare bankruptcy..?

So how in the hell they go from that to that?

Banks are giving out money like pez dispensers..

Remember 2008.. Here we come!
 Quoting: Supreme ChugALugging


exactly- the fed has been keeping interest rates near zero for over a year now

so everybody and anybody can afford a huge mortgage

which drives up the price of real estate
Anonymous Coward
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05/18/2021 05:46 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
I am a mutant with psychic capabilities that I have not mastered but occasionally use naturally. Modern day term would be, futurist? Analogy would be the scientific term for a karen event, implicit bias? Lol!

Anyways, I am somewhat invested in real estate so I may be legally obliged to disclosed this. I have a lease but I noticed that my landlord is raising it by alot next year. I cannot afford it and it seems that is the reason. They claim that they are tired of renting and want to sell but I suspect that is due to the boom.
I guess Vegas is going to be the next bay area? Many techies are selling their overpriced boxes and buying up housing for a fraction with plenty leftover to dump into gamestonk. If history repeats itself, then Vegas might be the next happening city with a catch, a limit of the size of the city due to water. Elon is out here building shit and many big shots have fled Cali due to weird tax laws targeting the rich. Nevada does not have state income taxes!!! THe future is near!!! Spardemic! Spars pandemic?
SentientTransient

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05/18/2021 06:01 AM
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Re: The Real Estate Boom In Vegas Is More Frenzied Than Ever - ---Out Of Water Soon!
Since the Raiders came to town I have noticed a larger population of African Americans. I am assuming they are moving to Vegas from California but I don't know. The news keeps saying California's are moving to Vegas in droves. Also, there are more violence on the strip, including shootings, street racing, and murders than ever before.
 Quoting: ambermink


Did anyone really think Sin City would improve in quality of life and mind over time?
If it isn't in The Bible then it is just conspiracy theory.





GLP