You won’t hear Trump or the Heritage Foundation talking about how the housing crisis is being significantly exacerbated by corporate greed

In terms of real estate it is problematic at many levels in the over-pricing of home prices. Smart potential buyers will do an analysis of comparative properties in the area as a base. You are correct, in that regard about overpricing. The same thing happened in Florida real estate market: from initial low prices to as the influx of incoming new residents came, a significant increasing up in prices to now it's overpriced market. This will be that same scenario in Las Vegas. If you can buy now, do so before it gets crazier for home prices.

Every one of your titles are spammy and click bait. Reported

I think it's going to go up in the short AND long term...until they stop allowing Blackrock and the like from buying up houses. As a side note, I see a lot of commenters here (and you mention it in your video as well) that lot sizes are small with mostly gravel. And, that may be a turnoff to many, but to the typical retiree, no yard to maintain is a big plus! I was lucky to find a half acre lot here with grass, trees, and a pool. It's quite an effort to maintain the property especially as I'm now over 60. I do agree that a larger piece of land with grass and trees and a pool is WAY more desirable, I can also understand why many see it as a problem.

I have POB and DHT and still can't afford a home

I called jerry and he gave to a lousy helper.

Jerry, I have often found myself at odds with your perspective in the past. It was my sister-in-law who introduced me to your channel in 2023; she was firmly convinced that prices and interest rates would decline. I acquired my home in 2022, a time when it was exceedingly challenging for buyers. I held the belief that while interest rates might be refinanced, property values would appreciate over time. I advised her to proceed with the purchase if she intended to reside in the house for more than seven years, yet she chose to wait until mid-2024. Fortunately, she has since accumulated $40,000 in equity since acquiring her home. While I am no expert in real estate, merely a fireworks enthusiast, I hold deep respect for your knowledge, integrity, and transparency. I had thought you maintained a narrow viewpoint, but I am delighted to discover I was mistaken. I thoroughly enjoy your channel; please continue the excellent work.

$17,000 per month for the mortgage of that shack? Completely insane. Oh wait... If all that gravel out back are gold nuggets, makes sense.

All of the Las Vegas houses look like the same. The summer heat and dry 🥵🥵 and No humidity. Many weird people moving in.

In the long term Las Vegas has 4 major risks going against it. 1. Water shortage, which explains itself and might be overblown but still is something to consider. 2. Rising temperatures, last year we set all time records and if we have another summer like last year I know I might consider moving. 3. Declining popularity of the strip and or an economic slowdown. Can the city continue to innovate and keep drawing the crowds here as gambling continues to grow in other states? 4. Mass deportation. If there is enough downward pressure on housing demand and all those investors become sellers, watch out, it will be worse than 2008.

Las Vegas is a renowned global metropolitan and yet its house prices are only 1/5th of cities like Seoul, Tokyo, Hong Kong and Singapore. $500,000 you can only buy a bathroom in Singapore(which also has a gigantic casino owned by Las Vegas Sands). So Jerry you are right in the long term LV market is going up.

Vegas is importing all the worst of California. You’ve got Crips and bloods from Los Angeles in North Las Vegas now. Crime is out of control. Pretty much zero enforcement when it comes to driving …I’m moving to Utah as soon as my daughter’s done with high school, the only reason we’re staying is cause she’s in one of the best high schools in the country. It’s number one in Nevada.

They really went all out on the landscaping on that multi million dollar house behind you Jerry.

I understand that there are a handful of injured peace officers and some remote workers...but is it reasonable to expect that the real estate market in Vegas is going to see thousands of people in this situation? How many have good paying jobs that are not remote work? Are they willing to give that up to come here and start over? I'm not being sarcastic. Jerry, you see a lot of these displaced people, is that the case? Are they all remote workers and people like our injured peace officer who don't need to find work in Vegas?

Has no curb appeal looks like a fire dept from the 70’s

Thank you for changing it up a bit, you did good. I agree, prices are here to stay.

Jerry, I have got to give you your props...you admitted changing your long term position of a price correction. I am sure this was not easy to do but your credibility has sky rocketed, in my opinion anyway.

Las Vegas is more expensive than California now especially with like three different types of monthly fees on top of the HOa. I bought in California 445k 3 years ago no HOA 2.85% I would never go there now the traffic and stress is everywhere the days of elderly going to retire there are long gone. It will get worse year after year and everyone living in Cracker Jack houses where you can see each other while taking a dump!

Ok then. Texas here I come

Losing cred here. Tsk tsk

Diamonds in no man's land?

These same fools said the mortgage meltdown would never come. History repeats. 😂 Get ready it's going to get bumpy!!!!!

if investors in Blackrock were to see a housing downturn coming and suddenly pull their money, Blackrock would not be able to handle the fund redemptions. They would need to sell the homes under duress. Trump/Congress could bail them out which would be a disaster. Or, he could create new demand by loosening mortgage standards for FHA loans and allowing first time home buyers to cash out their IRA's with no tax at all as long as it is used for the purchase of a home. You would then see people leave their jobs just so they could convert their 401k/457b to an IRA and then cash it out for a home. The cross currents will be the reduction in Federal workers which will propagate all the way down to states, and cities. Even big companies would begin downsizing.

HOAs NO WAY

I'm curious where high income earners in California are going to work in Las Vegas to produce the income they need to sustain the high mortgage payments. Are they all earning $500k per year and able to work remotely? Or is the plan to find a job in the casino that can replace their California income? The jobs here are paying much less as time goes on and the entertainment industry gets greedier. It used to be a town where you could earn a lot and live cheap. Now it has reversed. The question I'd like answered is where are these people going to work?!

Hi Jerry!Actually you have changed your position. All of your previous videos have pushed to hold off on buying and to wait until the housing market correction comes in late 2025 or at least make offers much lower than the sellers asking price. You showed proof of how over inflated the housing market is (Zillow)and that we are sitting on the housing bubble… So my take on this video is that buyers should not wait for a housing correction and to move forward with purchasing? I’m from Louisiana and at one point during and shortly after the COVID pandemic sellers were getting multiple offers over their asking price for their homes. The bubble here has definitely popped although prices aren’t back and probably never will be back to normal but sellers are reducing their prices….

Las Vegas is a sh*thole it was the first market to tank back in 08' and it's fixing to be the next market to tank. It's like a tiny Phoenix except with sh*ttier views, smaller lots, limited employment opportunities and more crime 'no thanks'

At this point in my life, I will ONLY buy another home with cash!!!!!!!!

I agree with your new long term point of view. In the short term, unknown.

Do not buy or rent these sardine homes. There are no yards for kids to play. There murderers and thieves. They are burning our homes and buying our land to put us in sardine cans for their own benefit. MONEY , MONEY, MONEY.

No thanks I’ll stay on the East Coast for that money..Who would want a house sitting on a sand box and concrete with no greenery..

Leave it to CA! Ruining yet another metropolitan area! Nice going!

So now people who grew up in Vegas or work at the casinos , will be forced out of city ! Can’t afford the rents or the homes ? Nice you live with homeless people right as your neighbors.

WOW this is getting insane!!

I think prices are going to crash. Way worse than 2008. We are going to get some sort of a Lehman Brothers type of a event and then it will all come down. This current market is unsustainable. Look at the job loss taking place all over. California included. Look at the businesses closing. Those with some cash saved, little to no debt and good credit will get the deals.

Summerlin west new build around future urban core,worth the money for an investment?

It’s Sad times when such evil exists! California fires are caused by government officials, performing land grab just like Maui land Grab Fires..

When trump destroys the U.S. economy, so goes housing.

Finally this channel Uturns into the right direction of Vegas RE where has no indication of slowing down or even a correction in sight. So called rough water, that was brought up so many times in this channel, has nowhere to spot. Research and analysis in the Real Estate should be just like other markets by utilizing tools such as big data likely fundamental. Not "you say, he says or she says"... Also RE is hyperlocal. Indicators such as inventory, DOM, median price, ... etc are more important and more realistic than the market cycle, Zestimate and the listing prices. For those renters who have waited to buy your first home since 2 years ago, you missed so many buying opportunities. Your affordability of buying a home is gone because Vegas RE is stronger than most US metropolitan areas. Vegas has a rapid population growth, especially new residents come from out of state like California. The trend will not stop based on the wealth level. People find better bang for the buck on houses and living expenses here in Nevada. This channel has been focusing on minor factors other than supply vs demand for nearly two years. Think about how much of rents tossed in the water without a ripple. Longer you wait, more you lose.

The wife and I have been bullish on Vegas for the last 10-years, and I don’t see it slowing down anytime soon. This is an amazing real estate market and its proximity to California, where an overwhelming percentage of the 45 million residents can barely afford housing, it will keep getting better and better for those of us who buy and hold rental homes.

With Nevada being at the top in unemployment in the nation, does that not cause concern for the long term housing affordability? I hear first comes unemployment, then the economy then the housing market. I wonder how affordability with affect the market long term. Also can Californians keep the housing market strong forever? Vegas is known to be transit, with the California’s buying homes at such high price points are they going to be able to sell in 5 years and make a profit with even higher interest rates with affordability being as low as it is now? Or will they be underwater? I think this will be a start to a crash or the end of home ownership for the next generation, and I guess only time will tell

With Nevada being at the top in unemployment in the nation, does that not cause concern for the long term housing affordability? I hear first comes unemployment, then the economy then the housing market. I wonder how affordability with affect the market long term. Also can Californians keep the housing market strong forever? Vegas is known to be transit, with the California’s buying homes at such high price points are they going to be able to sell in 5 years and make a profit with even higher interest rates with affordability being as low as it is now? Or will they be underwater? I think this will be a start to a crash or the end of home ownership for the next generation, and I guess only time will tell

This is a fact - we see fancy cars with CA license plates driving by checking out the houses in our community every weekend. We moved from CA. We bought a brand new home from Blue Heron 2 years ago and finally moved here after we sold the house in LA before the fires started. OMG! That house is fine after all, but for what the buyers paid me, I could buy 2 new houses from BH with the same sq. ft and lot size (0.5 acre) and still got cash on hand for furniture! The house in Vegas is brand new and ultra modern. We don't miss the old house in LA. So, I agree with Jerry that the housing market in Vegas is not likely to crash because it's still very affordable to Californians. 2 of my neighbors are from the bay area and another one moved from Arizona. Our community is full of people from out of state. LOL! Here are my 2 cents for people thinking about moving to Vegas - 1. Be very careful when selecting the builder. Do not buy a new house before you see BH properties. I dealt with TB 3 years ago. I decided to walk away after the house was built. It was similar to that $2.3M TB house in this video. The house was nothing like the beautiful model home and way overpriced. "Be careful with the builder " was a very painful lesson! 2. Vegas is not for everyone. We visited Florida and Texas before deciding to settle down in Nevada. We also lived in one of our rental properties in Spring Valley after the tenants moved out and I remodeled the house. We lived in Vegas for 9 months, from summer to spring, and still liked Vegas. That was how we made the final decision to move out of CA and never go back. Moving is costly, so do your homework and make no mistake.😍

As a person who makes a living selling homes in Vegas, it looks like you are between a rock and a hard place. People are less likely to buy a home there if they believe the prices will go down if they buy now. On the other hand, your statement that in the long run, everything will go back up, which is probably true, as a buyer I would be hard pressed to buy now. IMO

Mr. Jerry, most of us retired gang, could not afford the home we live in today. I cannot imagine how first time home buyers are able to their first place. Simply insane.

Living in the Salt Lake metro, the housing costs have soared. Utah is the 5th fastest growing state in the nation. The median home price is 500,000….it’s doubled since 2016. I want to downsize, but to pay twice the price for half the space is ridiculous. I agree that there will be a correction late 25. SLC will probably have the Olympics again in 2032, then prices will go up again.

I enjoy and look forward to your weekly videos. But I gotta say, I've owned multiple homes throughout the last 20 years and I or anyone I know who is a home owner have ever spent $18k a year in hidden expenses. Not sure where bankrate is getting that info.

I've always dreamed of buying a home in Los Vegas. JUST KIDDING!@

Remember when Jerry said houses would go down in 2023 thur the end of 2024 because intrest rates so for people to wait for a deal....now we in 2025 Vegas real estate has only gone up these past years now he's saying long term prices will go up...what a clown 🤡 telling people to wait just for prices to rise hahaha keep watching these vids and do the opposite Jerrys the Real Estate Jim Cramer..Now with the fires in SoCal Vegas prices will only climb but Jerry uses feelings not logic when making his video with the Wow/OMG thumbnails haha....Just another delusional vegas realtor with a great makeup artist.

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