Las Vegas median house prices dropped a staggering 15k last month....

this is going to be 10x worse then 2007

in 4 years you will have to probably pay money for a junker or recycling crew to tear down your property and haul it away, as the city is just not viable economically much longer.

Going to be a major adjustment in the southwest

Major

Imagine charging you imaginary money for a piece of land and some wood or maybe some bricks.

no one wants to live there.

Scale of mass house building on vegas outskirts was industrial .Now they only have piss to drink cus vegas is desert

Las Vegas is the canary in the real eatate mine...

June 2022...Peak Prices...it's all downhill from here

for the most part, true. however these people have to move somewhere, which will keep a floor on anywhere desirable

my resort town just had the highest price sale so far 2 weeks ago ~25% higher then april prices

another interesting tidbit

it costs $5,000 to rent a big uhaul out of las vegas

and $500 to rent one going to vegas

and been like this for over a year!! never normalized

Lol.....

they dont have water neither
gtfo now!!

this is also where the lagging data tricks everyone

i learned this lesson in 2007

when you try to sell at the "top", the top actually ended up being 6-12 months before you realize it in the data.

so if the data says 15k drop......that is conservative, watch next months print

I spent a lot of time in Vegas.

I liked it. Seemed like a decent place to live.

Very windy though.

In my area , rural n.e. Alabama, they are slashing prices like crazy ....some houses that are over $200k are reducing them by like $20k at a time. It's crazy they aren't selling for those big prices now

Thid

black rock amd vanguard are the next

lehman brothers and bear stearns

Good.

I never understood the housing boom there in the first place. The casino’s are the only real economy there and it is the desert. It’s a terrible place to be even in good times.

Especially if Lake Mead drops below deadpool level.

Wait till they run out of water and they will be giving homes away

FAKE!!!!

You can rent a U-haul for $19.95 + mileage

the economy there is quite massive....for now.

great schools too.


but time to GTFO, IMO

uhaul is priced by a supply and demand algorithm, dipshit


china has no chance against the USA

you are simply too stupid, han chinese make blacks look like einstein