Las Vegas Homes For Sale - So Bad!

Las Vegas Homes For Sale - So Bad! The current economic landscape has left a total lack of affordability across the board, especially in the real estate market. In popular cities like Las Vegas, while the total amount of Las Vegas homes for sale have steadily increased, home prices have also skyrocketed. The median price of the approximately 5,000 Las Vegas homes for sale just hit an all time record high of $485,000. This recently topped the previous record set in May of 2022 at $482,000. Regardless if it's any of the new Las Vegas homes for sale or a resale home, the Las Vegas real estate market has remained hot due to strong demand. As a result of this, many sellers, investors and builders have taken advantage of this by overpricing many properties, making Las Vegas homes for sale unattainable for the average buyer. Popular real estate websites like Zillow show just how inflated these prices have become, with numerous Las Vegas homes for sale listed far above actual value. The situation is so bad that even overpriced homes are now seeing significant price reductions. Despite these reductions, the Las Vegas real estate market and the cost of Las Vegas homes for sale remains a major barrier for many potential buyers. With the economy stretched thin and wages stagnant, the dreaming of owning a home, particularly in a city like Las Vegas, feels increasingly out of reach. Yet, every day, more Las Vegas homes for sale are steadily flooding the market, showcasing just how distorted the housing market has become in this once affordable city. With unemployment levels spiking and interest rates potentially being cut soon, the chances for home prices to drop becomes more likely in the coming months. If you are thinking of buying a home, especially any of the current Las Vegas homes for sale, making a lower than list price offer or just waiting things out until a price correction occurs are options to consider at this time.
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Jerry Abbott
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Summit Properties
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[@lasvegasliving9237]

The total lack of economic affordability is evident throughout the economy, especially in the real estate market. In popular cities like Las Vegas, home prices have skyrocketed, creating a significant barrier for potential buyers. Many sellers and home builders are taking advantage of this trend, overpricing homes on popular real estate websites like Zillow. The situation has become so bad that many Las Vegas homes for sale are being listed at inflated prices, making it increasingly difficult for average buyers to enter the market. However, a shift is happening as some of these overpriced properties are seeing significant price reductions, indicating that the market may be correcting itself. Still, the affordability crisis continues to plague the market. The median home price in Las Vegas now stands at $485,000, a new record in the Las Vegas real estate market but the growing inventory and recent price cuts offers a glimmer of hope for those still dreaming of homeownership. If you’re looking to buy a home, whether in Las Vegas or elsewhere, it is essential that you do not overbid on the price as many homes are significantly overpriced. Being patient or making a lowball offer is certainly an option for aspiring homeowners. As a local Las Vegas realtor, I help people make the move into Las Vegas all the time. Reach out to me anytime if you're considering moving to this beautiful city. It would be my pleasure to help you find your perfect Las Vegas dream home. Jerry Abbott - REALTOR Summit Properties Call/Text: 702-550-9658 Email: [e-mail] Website: jerryabbottrealty.com

[@Pictureinpicture77]

@lasvegasliving9237 You'll see 👀 from October 1 what is going on

[@Crow-u2g]

Horse Shit!

[@matthewj23]

The original list prices are over inflated is the problem and they are not worth the top dollar price that is being offered.

[@lasvegasliving9237]

Completely agree!

[@rhbarbs]

It's ridiculous .are prices really going to come.when rates decrease multiply bids will ensue

[@lasvegasliving9237]

Interest rates are far from coming down at this point. If the unemployment rate continues to go or stay up, we will not see a highly competitive buying environment. Time will tell.

[@clarkalbritton4071]

My income has risen about 40% in the past 20 years - my home's value according to the assessor's office, has risen in value by nearly 400%.

[@billysmith6284]

Same for me.. no doubt a home has become 2-3 more expensive and that is devastating for us as a nation.. our overlords are evil evil evil.. all of them are bad but democrats are pure evil

[@lasvegasliving9237]

Great comment and so true for so many people!

[@EalDieguez-f7i]

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

[@SueliPavlenko]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@RitaFredsham]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@Hearmorestories]

How about the spread of "Junk" fees? My dentist charged me a fee of 3.5% to pay the bill using a CCRD. And this is not some kind of "discount" dentist. They have increased their fees for both basic and enhanced services. Next time I'm brining bags of penny's to pay my bill .......

[@lasvegasliving9237]

Don't even get me started with junk fees or "tip bullying" as I call it.

[@TS-rd7oy]

Go to Mexico. I don't even bother with these greedy thieves here. Just across the border from Arizona, great demyal care for a fraction of the price.

[@MgtowRubicon]

Be sure that they are not copper pennies because copper is worth more than zinc.

[@lasvegasliving9237]

@@MgtowRubicon Lol

[@kathrynbaker8215]

I have begun writing checks again, avoiding those “ extra” fees for a credit card.

[@kristieotero1791]

Jerry when we are ready to move to Vegas, im going to call you. You’re transparent unlike other realtors in Vegas with a KZbin channel.

[@lasvegasliving9237]

Thanks so much for those kind words and support Kristie!👍🙏

[@leewilson77]

☺️

[@MichaelD-w3e]

Get ready for the "Great Depression ". Sold house, car ,furniture, everything. Left US, now retired in the Philippines.

[@andrewmarshall3519]

America is a hell hole can’t wait to leave

[@jeffufcfanaticrosenberg]

@@MichaelD-w3e smart !! 😀

[@markstewart3501]

Housing inventory growing. But not going!

[@lasvegasliving9237]

Inventory is definitely building up and likely will continue.

[@exmarine268]

We bought a 1100 sqft condo in Orange County CA in 1998 for $138k. We sold it and moved to TX at height of housing bubble in 2005 for $430k (only 7 years later). During GFC, value fell to $275k or so, but now same condo is worth about $670k. I am retired now, but my salary did not even double over 25 years.

[@lasvegasliving9237]

Great comment!! Thanks so much for sharing that!👍

[@geargeeks8955]

California money.. you spend in Texas?? You made your money in California.. what is wrong with people?

[@exmarine268]

@@geargeeks8955 - California sucks.

[@Moodamage]

I like this real estate agent....seems like a guy that really watches out for his client's best interest.

[@lasvegasliving9237]

Thanks so much for those kind words and support!👍🙏

[@RobsHandMonkey]

I had a full time job. Was laid off with a bunch of people who were there for more than 10 years. They called me back to work seasonally. Only making almost 2$ less. Couldn't find a job so i had to take it. Then when i came back i figured out what was going on. They are ghost hiring. Making others take on the roles of those laid off. And what is worse is this company went from mass manufacturing to outsourcing their product to be made simewhere else while lying about them doing it. And now order from china 60 containers so far this year. Its the most deceitful thing I've witnessed with a company . This government has ruined us.

[@lasvegasliving9237]

Sorry to hear that. Many companies sadly don't care much about the help and only the bottom line ($$).

[@jquizzlestick]

I bought my house in 1993 for $159,000 in Temecula California We paid it off 7 years ago. It is worth $800,000. No way my wife and I could afford an $800,000 dollar house. Our property taxes are $3,600 per year. Imagine what they would be on that 800?

[@lasvegasliving9237]

Unreal yet very real. Perfect example of how much things have changed while peoples incomes have not come close to catching up to the costs of today.

[@patricianorman209]

Jerry, I love your candor and transparency. Thanks a million for your informative videos.

[@lasvegasliving9237]

My pleasure! Thank you for the support Patricia!👍🙏

[@patricianorman209]

@@lasvegasliving9237 Anytime 😊

[@patricianorman209]

@@lasvegasliving9237 Anytime!

[@sethtime9951]

I've lived in Las Vegas since 1988. Your spot on and we'll balanced in your macro/micro economic views.

[@lasvegasliving9237]

Thank you for those kind words and support Seth!👍🙏

[@garybacher236]

I lived in Las Vegas it's a dump

[@ositoelosito3424]

Excuse me what u mean when u say dump?... Dirty, or too many homeless?.... I'm in the expensive calif😢

[@andreaaguirre9834]

​@@ositoelosito3424I don't live there, also in California, but have family there. It is dirty physically, the dirt, dust, etc...the heat, then the cold, homeless.

[@gwilson664]

Clean your house, where do you live where there's no dirt or dust?​@@andreaaguirre9834

[@TheeLynnChase]

What?? Where did you live? Foremost street? 😂

[@lasvegasliving9237]

Different strokes for different folks.🤷‍♂

[@FineArtPrintmaker]

I live in Vegas. Homes here are being inflated by people fleeing California with stupid money from the sale of elevated Cali prices. They are cash rich and are driving Vegas home prices to insane levels.

[@lasvegasliving9237]

Completely true.

[@CB-nd9ki]

The same thing happened in Texas when I lived there. Now I move to Vegas and it's even worse here

[@lasvegasliving9237]

@@CB-nd9ki It's too bad California is such a disaster and so many have moved to Las Vegas (and Texas).

[@matthewcooney7713]

Don’t Californicate my Nevada!!

[@carl-oh5bl]

also hedge funds and corporations are doing this with apartment buildings and jacked up prices now they are starting to lose money when everything crashes they will expect the govt to bail them out with my tax dollars.

[@marisolvasquez2683]

I appreciate your transparency and truthful information 🙏

[@lasvegasliving9237]

Thanks so much!👍🙏

[@trollovmetal2653]

I like how "affordable" homes are built literally 5 feet away from the neighboring house and the front/back yards are the size of the guest bathroom.

[@valmeditation9790]

We call them "high five" houses because you could literally both stick your hands out of the windows and touch eachother lol

[@lasvegasliving9237]

One of the worst problems here in Las Vegas regarding the housing market...hard to believe with the amount of land that is here that homes are built on top of each other. 🤷‍♂

[@lasvegasliving9237]

@@valmeditation9790 Sad but true in many instances.

[@vernondavis561]

Very true. The builders and developers act as if that worthless desert land is valuable.

[@lasvegasliving9237]

@@vernondavis561 It is certainly not worthless desert land at this point.

[@tracypatterson14]

Amazing. We bought our house in Washington State at 85,000. 925 sqft one bedroom. Current tax land value 650.000.

[@lasvegasliving9237]

Wow. Unreal!

[@jeffufcfanaticrosenberg]

@@tracypatterson14 Washington state is another completely unrealistic bubble like who would really want to live there its super cold rains all the time nonstop summer winter the only good part at all is that they don't have a state income tax and no smog - definitely better than criminal Fornia though

[@leejee88]

I used to set up model homes in this area the homes were next Gen they were nice but for the price all you get is a house no yard or nothing

[@lasvegasliving9237]

True, hard to believe these prices on mostly very small lots.

[@beth4698]

There are more houses in $300-390K now here in LV now versus before where it’s mostly $500K and up but still it’s takes time to sell them. Definitely, it’s slowing down. Thanks for the update always.

[@lasvegasliving9237]

Thank you for watching and commenting Beth. Appreciate the support.!👍🙏

[@jeffufcfanaticrosenberg]

@@beth4698 it is slowing down but at the same time more and more people are moving from criminal Fornia to here because it's 1/4 of cost and on top of that the infrastructure in Vegas compared to six years ago is just mind-boggling with so much positive stuff and it's gonna keep happening and people are gonna keep leavingso prices are gonna continue up and logs and we don't have a recession

[@scottbailey244]

Another fantastic, informative video. Keep up the good work.

[@lasvegasliving9237]

Thanks Scott!👍🙏

[@davidmajer3652]

The real estate market seems to be defying gravity, because when people inherit a million dollars, they then have a million dollars to overpay on a home.

[@lasvegasliving9237]

Good way of putting it! Madness!

[@christianvega3850]

I kind of agree there. If it is paid off, then OK! No bills.

[@lasvegasliving9237]

@@christianvega3850 True but overpaying is absurd even if you have the funds.

[@plektosgaming]

I've legit talked to more than a dozen people in the last year that think that the B&B market is going to last forever. Drinking that Kool-Aid for so long they think they are invulnerable. When the bottom falls out, it's going to look like a black hole spawned on top of the Luxor.

[@lasvegasliving9237]

@@plektosgaming That is certainly one piece of the puzzle that will only add to the pain when that time comes.

[@oldirtydawson]

The average home price in Las Vegas in 1997 was around $125,000. Adjusted for inflation, today they should be $250,000. It's double that. Meanwhile, Las Vegas is #1 in investors buying up homes in 2024, with a 27% increase. Also, 95% of the homes being built in Vegas right now are all from Top 10 multi-national corporations, good for #5 in the country. It's outrageous.

[@lasvegasliving9237]

Good info and all true. Prices are beyond out of control at this point and I don't see prices returning to anywhere near pre-pandemic levels, especially with so much corporate/investor influence.

[@oldirtydawson]

@@lasvegasliving9237 Agreed

[@dburt2828]

It doesn’t matter if the federal government is cutting the rates. The millions areas, should be about five hundreds thousand dollars and the areas below that, should be 250 thousand dollars home.

[@TheeLynnChase]

So you think we should have another 2008 where everyone is underwater on their homes that they put their life savings into? Aren't you special. Along with the twelve evonomic illiterates that liked your comment.

[@lasvegasliving9237]

That simply won't happen ever again IMO. Different times nowadays.

[@lasvegasliving9237]

@@TheeLynnChase A lot of regular people are seeing the rich get richer (individuals, corporations) and are quite frustrated. That is only natural.

[@Resmith18SR]

If it doesn't happen we can only hope that it does. What qualifies you as some kind of economic expert TheeLynnChase? You think you're a genius and entitled to make obscene profits off of the lucky purchase of a home while others are completely priced out for many years? Aren't you Special? 😂

[@TheeLynnChase]

@lasvegasliving9237 The 2008 housing collapse, or the million dollar homes going to 500k and the 500k homes going down to 250k? Because if that really happened then we are all doomed that currently own a home. The wealth that would be transferred to the already wealthy would be Ungodly and dwarf the 2008 housing collapse.

[@karenstasik2979]

I just got a huge shock in the mail. A good one actually. I just got my taxes for 2024 and instead of going up here in Florida, they went down. Of course because the assessments went down. I guess it's good and bad, because it means the value of my house is lower. But with everyone complaining about their tax assessments being so high, I was surprised. I reread it three times to make sure I was understanding.

[@lasvegasliving9237]

That's a nice surprise (for once)!👍

[@Yru2noz]

@@lasvegasliving9237So Vegas assessed your house ea. yr for tax?

[@lasvegasliving9237]

@@Yru2noz Yes.

[@marcfisher8165]

Good informative report. Thank you. It is a house of cards. The level of debts from the feds, credit cards, car loans is out of control.

[@lasvegasliving9237]

Very true! Thank you for the support!👍🙏

[@yenafar]

Thanks for your video, I feel the same way but unfortunately the prices in Los Angeles good and specially upscale neighbourhood are still rising gradually, I was actually in Las Vegas last month and was thinking about buying something there because I taught the prices will be going up after the fed lowers interest rates, but now I’m totally confused , it sure doesn’t make sense to buy anything in LA but I’m afraid it just gets worst, but my gut feeling tells me we should get a drop since people can’t afford these prices, I kept your number in case I decide to buy anything in Las Vegas, I was at the new lake Las Vegas and saw bunch of newly built or lot homes but I prefer to be closer to the city, my friends shied me around and we saw some homes but I don’t know much about the area, thank you and hopefully you are correct about home prices dropping, what if we do get a soft landing? So confusing and frustrating ! Thank you again

[@lasvegasliving9237]

I appreciate your insight and certainly understand your confusion and frustration. There are many factors as to why the housing market has gotten to be so unaffordable. However, going by history, anytime we've seen this kind of rapid housing appreciation, it has historically been met with a correction or crash. I do think we're going to see a correction but ultimately prices for homes and everything else are very likely to go higher long term due to persistent inflation. Thanks for the support, reach out direct anytime.👍

[@aussiegolfer2919]

Record home prices are the same all over the world not just here . Coming from Australia 🇦🇺 the house prices are one of the highest in the world , cost of living is at an all time high and people can’t afford to live anymore . Coming to America and Vegas I am so much better off. Was in Virginia for a year and there the house prices are ridiculous and unaffordable. Vegas is still the cheapest place to live

[@lasvegasliving9237]

Prices are pretty absurd everywhere nowadays!🤷‍♂

[@lisamadison7640]

This property sold for 525K in June 2022. Now it’s listed for 400K. 2017 CANYON BREEZE DR, LAS VEGAS, NV 89134 Wondering if you’re seeing any other properties trending in this direction that were sold in the last three years? Thanks! I look forward to your weekly Saturday videos, and appreciate the time and effort you put into them ☺️.

[@lasvegasliving9237]

That home is a disaster, investor flip with a lot of work likely needed. Don't see a lot of those homes. Thanks for the weekly support Lisa!👍🙏

[@lucascampbell3767]

Reuters just released an article expressing the idea that the interest rate cuts coming soon will drive home prices up over 3% over the next few years. I can't see how moving a point is going to give current homeowners enough incentive to jump ship to a new mortgage, especially if they are at 3% in their current mortgage. Every buyer/seller scenario is different, but I can't see interest rate cuts overshadowing inflation and a weak job market. It won't be worth the move for the average buyer.

[@lasvegasliving9237]

That is not likely going to happen, just the opposite IMO. Rate cuts after QT with unemployment spiking will send home prices lower.

[@plektosgaming]

No pity, really. If you go into a HOME purchase, you need to realise that it's like adopting a baby. If you aren't willing to deal with the possibility that this might be your last home you buy/someplace you can stay in forever if you have to (potential 15-20 year commitment), you probably aren't really ready for a home. Yes, it sucks to lose value on a home, but if you plan to live there forever, the price is largely moot when you factor in 30 or 40 years of not paying rent.

[@lasvegasliving9237]

@@plektosgaming Nicely said and true.

[@5starrater1]

if we get a crash in '26 - how long will prices be depressed? Will it bottom in 26? or should I wait longer?

[@lasvegasliving9237]

I think we will see a correction but it is very hard to know when that will happen, how low prices could go and for how long. Timing the market is very tricky and few can ever find the bottom or top.

[@Noah-jr5sh]

The biggest issue for me is hotel rooms are so cheap, why buy unless its your primary residence

[@lasvegasliving9237]

Not a lot of people want to live in hotel rooms and many are not so cheap.

[@Noah-jr5sh]

@lasvegasliving9237 right im just saying if i come to vegas one week every two months, id rather get hotels through my diamond card than buy into one of these hotel condos that are like time shares with 200 to 400k up front and huge monthly common fees, quantitative tightening needs to knock this shit to zero and reset the market, florida 2.0

[@lasvegasliving9237]

@@Noah-jr5sh Not many people are looking at that kind of scenario at all. Nor will the govt do anything to knock prices backwards.

[@jimchee3177]

I’ve been watching your channel for quite some time. Now I gotta ask. In a scenario using the examples you present where a home is overpriced for its area, would you list (seller) or represent the buyer with the brutal honesty of which you base your videos on?

[@lasvegasliving9237]

Absolutely, it's the only way I operate.

[@dextergbelleza]

Are most salaries/wages just keeping pace with inflation or below?

[@lasvegasliving9237]

Not even close! Wages are lagging far behind compounding inflation.

[@geargeeks8955]

Real estate agents, partial reason homes are expensive. The encourage refinancing with raises the price of your home in other homes around it

[@lasvegasliving9237]

Contrary to popular believe, real estate agents have nothing to do with the skyrocketing home prices. Much of the time, it’s the sellers that are the ones trying to dictate the price.

[@geargeeks8955]

@@lasvegasliving9237 well they tell people to go to a appraiser that's going to appraise it at a higher amount.. now your house is worth more you're paying more taxes yearly on it you cannot go backwards with that... Contrary with people believe agents have a way to get in people's ear in ruin it for the community.. By telling them that more money and more worth of your house is better.. This means that your kid that you raised in your house cannot buy in your neighborhood.. These are the consequences of the actions that you guys take

[@sethalexander3164]

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson

[@lasvegasliving9237]

Thanks for watching and commenting.

[@petergodfrey4783]

I worked in the REO department of a bank in the early 90’s in CA. The only thing worse than commercial real estate during a downturn is high end residential. Losing 50% is a reality. Not there yet perhaps but time will tell.

[@lasvegasliving9237]

Good info but I don't see luxury RE losing 50% of its value ever at this point.

[@MgtowRubicon]

Don't expect the government to solve a problem that it created. Government must get out of our way. Investors must solve the affordability problem. *_If you can't sell or buy a house, then you're not doing it right._* *Creative financing solves huge problems for both buyers and sellers.*

[@lasvegasliving9237]

Thanks for watching and commenting.

[@magnificent_gaming]

Thnx for the video. I'd like to know the model of the home behind you?

[@lasvegasliving9237]

That is a new construction home from Toll Brothers. Modern/contemporary style, close to 4,000 sq ft. Base prices of these new homes in new area of Summerlin (20 minutes west of the Las Vegas strip) approx $1.7M, over $2M with options/lot premium.

[@YesYourRight]

I’ve lived in Las Vegas since 1984. Why anyone wanted to live here is insane. I have no choice all my family is here and I was born here. If it wasn’t for family I would be out.

[@lasvegasliving9237]

I'm sure a lot of people feel that way. Las Vegas is definitely a love/hate scenario for many.

[@HoldenMcG]

Between the government and media lies (and omissions), we are clearly in the 'post-truth' era. Thanks for another episode of 'Keepin' It Real" Jerry!

[@lasvegasliving9237]

So true! Thanks for the support!👍🙏

[@jeffufcfanaticrosenberg]

Jerry whats bad here in LV is have you seen how many TRACT HOMES off Cactus and Star in Henderson now ? 6 years ago there was not 1 HOUSE - the BUILDERS like KB and DR are flooding LV with these houses and if our ECON in LV falters just think whats going to HAPPEN with FC ? plus they gave people all these BUYDOWNS so they are SCREWED IMO

[@lasvegasliving9237]

It really is crazy out here now. The building, the buy downs, the lack of lot size while prices skyrocket, etc is just hard to believe. It could get ugly if market sentiment shifts via an economic downturn. Time will tell.

[@bbustin1747]

Would be nice to know what houses had their prices revised before selling at their asking price. Or does this data include those price reductions prior to the final asking price ?

[@lasvegasliving9237]

All of that data is available to the public.

[@azspotfree]

22 percent of the homes sold recently in Vegas sold for more than the asking price? Idiots.

[@lasvegasliving9237]

Very reckless buying behavior during this post pandemic time period.

[@Superliegebeest0]

Who wants to live in frikn vegas? Way to hot. Only the strip is nice, the rest is a dump.

[@lasvegasliving9237]

You obviously have not been around the outskirts of Las Vegas and don’t know the city. The strip is an absurd overpriced zoo.

[@rhbarbs]

The other way around

[@lasvegasliving9237]

@@rhbarbs 🤦🏻‍♂Okay.

[@stevegettler7976]

I find it interesting I am still getting text messages from professional home buyers wanting me to sell my home to them. Apparently these folks have not gotten the memo

[@lasvegasliving9237]

They are mostly investors, sharks actually.

[@lisaaustin4561]

I make $106000 a year and live paycheck to paycheck rent an apartment no way am I affording a house. I am in So Cal however. Avoid California if you want a normal life! Especially Southern California!

[@702trekker5]

Take 10% down and buy something out of state to get started. Use it as a vacation getaway 1-2 times a month with lots of security cameras. Then make the full time jump when ready.

[@lisaaustin4561]

@@702trekker5good idea I just can’t get any money saved! I had $5000 then my power steering went out. Guess how much to fix? Correct $5000. I really don’t understand the government giving married couples a $10000tax credit? It’s not 1956. Women work 2 incomes under one roof. I have one.

[@timsmothers8740]

​@@lisaaustin4561 WOW 5K To repair the Power steering ! seriously do believe That you got taken to the cleaner's as they say. I'm sorry that happened to you.

[@702trekker5]

@@lisaaustin4561 I was in a similar situation. I decreased my phone plan, stuck to a strict grocery budget of $50 per week and only cooked at home. Went on a strict self-disciplined diet of whole natural foods, dumped my car that began to break and got a reliable beater car and saved $15,000 over 2 years. I kept options open and traveled where I could fit extra work. It takes a while, but if you want it bad enough, you can think outside the box and make it happen. I believe in you!

[@lasvegasliving9237]

Scary to hear that but very true for many in So Cal.

[@alexjackson2826]

I am looking at moving into the NLV area, to be exact Club Aliante. What is your recommendation for that subdivision. BTW, I very much enjoy you videos! New to Vegas as of April 2024 from Carilinas

[@lasvegasliving9237]

Reach out to me direct to discuss more details. Thanks for the support!👍🙏

[@Eric-tb2je]

I believe housing is ready for a correction. When interest rates fall INVENTORY will climb. Most people can't justify moving with a lower rate. Lower rates equal more inventory and more competition and equals lower real estate.

[@Trump-rv4nz]

I don’t think rates will dip below 5.5% and lots of people have 4% mortgages and below

[@BraddahDaIzLives]

People can't justify moving with high interest rates, why would they also justify not relocating if interest rates equate to more affordability??

[@Eric-tb2je]

@@Trump-rv4nz I agree, unless we head into a big recession. Even a 5 to 5.5% people will justify a move.

[@SheepAmongG.O.A.T]

There won't be any correction or recovery from where we are at now.

[@frankyhonnolus5528]

@@Trump-rv4nzI don’t think it has to be below 4%. It’s the psychology. Some REAL STRESSED sellers may find any drop in rate as a God-sent opportunity to get the h$ll out. And once that starts, more and more sellers show up that even the ones who could sit on the property longer and were willing to wait for more rate cuts may become panicky because they can see prices are dropping rapidly around them at that point. This is just my theory.

[@valentinorossi7771]

Any adult with common sense can EASILY figure out that a price reduction from $8.5 to $4.5 millions is an attempt to rip off potential buyers. Likewise similar reduction percentage on the second home at the 10' mark. Keep spreading the truth Jerry. Those greedy sellers are no different than used car salesmen!

[@lasvegasliving9237]

Agreed! Thanks!👍🙏

[@joepacheco7979]

A few weeks back, I could not find a home in Vegas in my price range. Now there are 25. It seems like real estate pirates like blackrock are releasing their grip on residential real estate. Of course here in Hawaii, a shack with paint from the 1960s with termite damage and a crooked foundation are still going for $1.2 million. Three, maybe four times as much as Vegas homes are going for.

[@lasvegasliving9237]

Definitely a changing market except in high demand, low inventory areas like Hawaii.

[@talkingonline821]

The market needs a massive correction, this is a dumpster fire. A crash/recession is massively needed to clean out the financial fraud.

[@lasvegasliving9237]

Many people are hoping for that but unfortunately if and when that happens, there will be a lot of collateral damage.

[@georgeallen7667]

Go out of country, US dentists are ripp offs

[@geargeeks8955]

Your hourly wage is not directly proportional to a hamburger or a house... This guy seems not to know what's going on

[@lasvegasliving9237]

I have no idea what you mean but I would love for you to enlighten us as to what you’re implying.

[@geargeeks8955]

@@lasvegasliving9237 there is a few things that were mixed up in a bowl.. Home prices have little to do with inflation and more to do with refinancing and trying to get more out of your house to get a loan against it or buy another one.. The amount of hourly workers wage .. If you know the real estate of 2008 it was also the economy in which many workers took concessions when dealing with pay raises.. this lasted until 2012 ish. But things got better 2015-16... This didn't last too long before covid . And again major corporations and businesses all the rich people.. Told a small people we couldn't have what's coming to us.. Now it's 2024 our economy is doing a heck of a lot better.. There is four or five more points that were talked in one sentence that I can also go through.. One of the biggest things that happened in housing. Was these rich people getting together buying up hundreds of thousands of rentals in marking up the rental market and in so.. Also raising prices of homes.. Goldman Sachs, Blackstone, American housing of ripoff people. But you should know that and the fact that you don't actually present it as the reason why American housing for the first time is become destitute for most people in this country.. Right after 2001 home started to become more of a way to invest.. This is wrong and you should be teaching that

[@mikifloyd8919]

Great information 😮

[@lasvegasliving9237]

Thanks so much!👍🙏

[@Kidsofthe80s_]

If you own a home there is vaule, and piece of mind , that this is mine, and some financial benefits but being in my 40’s and owning a home in California for 10 years my experience with banks/real estate is an overall greed and unable to adjust to help America as a whole, companies rather see a place empty and dilapidated rather than give a deal…even if for a short period of time. Should have like a Black Friday for real estate. Many ways if thinking was out of the box.

[@lasvegasliving9237]

It's always about greed and the banks and investors don't care because they always feel a buyer will come in to replace someone else. I can't wait for the table to turn on them.

[@deetorrance3659]

It amazes me that homes in Vegas are so expensive. I’m in SoCal, less than 2 miles from the beach and houses in my area are 1.2mil. Granted they are older and smaller, but we do not need a/c here.

[@lasvegasliving9237]

I ask myself the same question every day as to how Las Vegas got so completely unaffordable and nothing close to SoCal homes.🤷‍♂

[@plektosgaming]

And, yet, prices were 400K in Los Angeles.. 30 years ago. Long-term Vegas is still not a bad deal, if you plan to stay here for 20 or 30 years.

[@lasvegasliving9237]

@@plektosgaming Sadly true and prices likely to go much higher in Las Vegas (and basically all major markets/cities) over the long term.

[@RebelMontana]

Nobody hasn't bought the house in my neighborhood. There smart folks waiting to see the price reduction. We on the scary roller coaster

[@lasvegasliving9237]

Many buyers are starting to get smarter and not just foolishly overbid on homes at this stage in the economy.

[@frankyhonnolus5528]

“I know every inch of the city”. Damn, that’s powerful Jerry

[@lasvegasliving9237]

Almost every inch.😎

[@Noah-jr5sh]

Checking zillow, noticing a trend that people are selling at losses or breakeven from 2021 to 2022 prices, hopefully the fed doesnt give support in the event of a total collapse

[@lasvegasliving9237]

Hard to imagine that since the peak of the real estate market was May 2022. The Fed is always trying to give CPR to the economy/housing market but this time it could backfire.

[@Noah-jr5sh]

@lasvegasliving9237 i dont see a 2008 collapse but even people buying houses for 500 now, if they go down to 450 and people are mentally sad due to depreciation of value and have huge mortgage payments and working multiple jobs to stay afloat, does anyone walk away

[@lasvegasliving9237]

@@Noah-jr5sh Nobody knows when or if that correction will happen and even if homes drop 10% they will very likely recover and only go higher long term.

[@lasvegasliving9237]

@@Noah-jr5sh Nobody should wish for the stock market to go down or recession because few have the cash to hang in there as there would likely be a lot of collateral damage to millions of peoples lives.

[@franciscobotello630]

These agents pricing these houses must be rookies or owner agents that sell one house a year. They don't know how to price their stuff

[@lasvegasliving9237]

Contrary to popular belief, it’s the sellers that are mostly the ones dictating the price, not the agents.

[@darrylperry6029]

Thank you Jerry. As I said before we’re building a house but come April or May 2025 we’ll be selling the home we currently live in. The house is 4 years old and in great shape. I’m not trying to make a killing but don’t want to take a loss either. I just hope things don’t go South before we sell.

[@lasvegasliving9237]

Sounds good, keep me posted Darryl. Appreciate the support!👍🙏

[@vinewood8295]

Because of my time in the military, my annual income now as compared to 2002 has gone up significantly. I have aspirations of retiring to Las Vegas at some point in the next few years, I had initially thought of just renting a condo BUT I think buying a home is my best bet. Anyone know where in town the style of homes is that he is standing in front of at the start of the video?

[@lasvegasliving9237]

Thanks for the comment but the only person who can answer your question is me since I was the one standing in front of that home. Those are new construction modern homes from Toll Brothers in master planned community of Summerlin (20 minutes west of the Vegas strip). Those homes start in the $1.7M range and likely over $2M when adding options and lot premium.

[@vinewood8295]

@@lasvegasliving9237 Wow, thanks for the quick answer, looks like I'll be subscribing to your channel. I am familiar with the area because I used to live there, stationed at the Air Force Base years ago. I like how those homes look BUT that's above my price range.

[@lasvegasliving9237]

@@vinewood8295 Appreciate the support and your service!👍🫡

[@pameladm]

Thanks for the informative videos, we watch almost all of them & this is a very good one - especially liked the Actual price vs. Selling price comparison about 5 minutes in 👍 & you’re right, the million dollar home price changes you show are entertaining & laughable 😂

[@lasvegasliving9237]

Thank you for the kind words and continued support Pamela!👍🙏

[@jamesofsandiego]

Agreed with regard to home prices not rising after a dip in rates. Let's big picture this thing. The Fed raised rates with the intention of causing some financial pain and job loss in exchange for lowering inflation. They were very clear about not lowering rates until the economy had taken a hit. Many media pundits have pointed out that the Fed is using an indicator based on somewhat old data. So that means when the Fed lowers rates the damage has been done and then some. Rates be damned, a lot more people are struggling and facing possible job loss and financial uncertainty. There's no line up of well qualified buyers who depend on a paycheck or income from their business to keep home prices up. There will still be some people selling expensive homes and financially downsizing who can do a cash deal. Although if I was downsizing I'd be inclined to rent and wait this thing out for a year or so.

[@lasvegasliving9237]

Good insight and advice James!👍

[@brandyramos9372]

In California, the governor Newsome increased the minimum wage. Now it seems less worker, are being hired. The inflation went high. 😮

[@lasvegasliving9237]

Yes, the backfiring of higher minimum wages are mass job losses. More are likely coming, especially with even more automation and AI coming soon.

[@plektosgaming]

Truth. I've been trying to find a better job and this feels like 2008 all over again - everyone saying it's great but every job has 200 applicants. Something definitely looks sus here...

[@lasvegasliving9237]

I have heard similar things from other people searching for a job as well. These absurd false reports being to the public are completely suspect.

[@BrentMalatesta]

I really enjoy your videos. If I ever move to Vegas, you’re the guy I’m going to.

[@lasvegasliving9237]

Thanks so much for that support!👍🙏

[@maurogomez1585]

LAS VEGAS IS A DESSERT AREA. NOT A PLACE TO LIVE.

[@lasvegasliving9237]

2+ million people would disagree with you.🤷‍♂️

[@kennethw6962]

Jerry, the house that went from 2 million down to 1.1 million was a typo. Take a good look at the specific individual numbers and it's pretty easy to see. They put in a nine instead of the one and then corrected their mistake.

[@lasvegasliving9237]

Maybe so but they listed it like that in MLS for nearly a week.🤷‍♂Still vastly overpriced.

[@michaelseibold9977]

Oh, you are full of it. All the Bureau of Labor Statistics did was reconcile the survey to actual numbers in term of employment. This happens just about every year and has for decades. If you look at the changes in the numbers as a percent of total workforce it is miniscule. You must have studied economics at Trump University dude. Total alarmis BS.

[@lasvegasliving9237]

Wrong. It was total deception to mislead the public into thinking the economy is stronger than it is when we all know it's a total house of cards. $35 trillion US debt, over $1 trillion in consumer debt, etc...and let's not forget how much AI and automation will crush the job market even more over time. Yeah, everything is going just great!🤡

[@michaelseibold9977]

@@lasvegasliving9237 You literally have no idea what are talking about. I'm done.

[@lasvegasliving9237]

@@michaelseibold9977 Okay.

[@mikenichols1045]

This guy is impressive! Spot on with the reality of things. Not a used car salesman!!! Keep up the good, honest videos.

[@lasvegasliving9237]

Thanks so much for the kind words and support!👍🙏

[@scottmac3539]

I'm in Scottsdale. If I see a house for $700k should I just lowball my offer to $630k-650k and see if the seller bites?

[@lasvegasliving9237]

Sure, you have nothing to lose and don't know how motivated the seller is or not.

[@PaintingandExercise]

My guess is that the home with the $800,000 price increase and subsequent price drop was because the agent has poor typing skills and did not double check their entry. The seller wanted a $30,000 price drop from $1,199,999 to $1,169,999. The agent got dazzled by all of the 99,999 stupidity and committed a typo and entered $1,969,999. The wrong price sat on the MLS for 5 days until someone noticed. I find the 99,999 BS very annoying.

[@lasvegasliving9237]

It was likely a costly mistake.

[@1danielfel]

Bought a shoebox condo w/ carport in Orange County in 2000 for $170,000. A model-match recently sold for $900,00. Crazy. Scratch that. It's disgusting.

[@lasvegasliving9237]

Truly unbelievable! This is why housing affordability has gone out the window for millions of people.

[@dohduh167]

At the end, you said the FED is about to raise interest rates next month. You might want to edit that because you acknowledged earlier in the video that cuts are coming. Anyhow, I'm looking to do a 1031 exchange. I want to sell a rental in Los Angeles and buy two in Henderson. But, even if Ii sell high in LA, I will buy high in Henderson. If I wait to sell, I figure I will sell lower and buy lower. I wish the market was normal so I could have some certainty. What to do?

[@lasvegasliving9237]

Yes, good catch and I noticed that post-editing, should have said lower rates. True regarding the buying and selling process...sellers are happier at higher prices but don't like buying high as well. The best thing to do is sell when that time is right and buy when you find something you really like and just hold on to it long term.

[@jaredkleinman4008]

Of course more than half of home sales are being sold for less than list price, these list prices are ridiculous! 33% - 85% overpriced, wow! Looking at 2020-22 value history on Zillow before they went into orbit, 7815 La Madre = $2.5m not $4.5m. 194 Crooked Putter = $650k not $1.2m. 3220 Mist Effect = $425k not $565k.

[@lasvegasliving9237]

It is beyond ridiculous! We are certainly in uncharted water and definitely need a reset at this point. We'll see if that materializes.

[@MORE1500]

Good info, Jerry. We print money out of thin air. Getting Private Equity out of the equation is part of the solution. The Government could provide a home for everyone with no inflationary pressures. Inflation is largely something created by the ruling circles to control the masses.

[@lasvegasliving9237]

Getting private equity and corporations out of the equation is pretty unlikely since they influence so many politicians. It will take an economic downturn and market sentiment to go negative to scare off some of the big players but they will always run the show.

[@MORE1500]

@@lasvegasliving9237 In 2006 David Lereah, the chief economist at the National Association of Realtors published a book, 'Why the Real Estate Boom Will Not Bust and How You Can Profit From It'. I think we're going to see this play out again.

[@Kidsofthe80s_]

Seller : How much is the house worth? Realtor : $534,000 , how much do you want to sell? Seller : $534,000 Realtor : ............ "we the consumer control the markets...if something is too high, don't buy it...prices will go down , because supply (inventory) will start to rise."

[@lasvegasliving9237]

Not sure what you mean??

[@Kidsofthe80s_]

@@lasvegasliving9237 purchases are a psychological impulse. Covid changed everything as well as the economy. People don’t wanna be at home…parents can’t offer cash…but they can offer an extra room. So if you are fortunate to have say…parents you can live with…with no rush on purchasing a home. You can wait for lower prices. All in all the seller needs to get rid of the home….a buyer may have options…IF you want to buy a home. Most younger people don’t want to feel locked down. There is a new ad. A female…happy, pretty…unmarried…in the commercial she walks into the frame….older mom in the kitchen doing her thing…and the female goes “hi mom, by mom.” Showing it’s not embarrassing to live at home…you can save money….do things…plus you get to be around you folks…many are living like this. Many college graduates coming home. That’s what I mean.

[@plektosgaming]

A responsible realtor - one who takes this as a CAREER and not a get rich quick scheme will tell then the "value" as what it could sell for today. Seller: How much is he house worth? Realtor: If you were to sell it today, 430K. Seller: But I'm making no profit! Realtor: ........ (eyes move to look at the giant temples to greed rising to the sky in the distance)

[@Kidsofthe80s_]

@@plektosgaming I’m single. Own a home that is too large. My manager is married with a family and husband and rent. My brother is single and lives with my parents. My parents have a large home. He act as a sense of security and does yard work it’s a great feeling. I wouldn’t mind buying a small trailer and living in back and saving tons of money ! Developers are really odd. They go by the numbers but are building the wrong inventory. A smart developer would consult with realtors like this gentleman and research what time of homes need to be built in my area. They build these large 5 bedroom homes that typically get rented out to people renting individual homes. The inventory is all muck’d up to be honest. And also how many “young” people can or even want the responsibility of maintenance and responsibility of a home? With this generation they would have to be military or something….

[@geargeeks8955]

Greed , is the reason home prices are higher..

[@lasvegasliving9237]

No question about it!

[@blueybarnes9442]

Las Vegas…..Lost Souls ….a terrible dump and relentless heat through most of the year

[@lasvegasliving9237]

That's simply not accurate for everyone but I won't try to convince you otherwise. The weather here is excellent 8/9 months of the year.

[@JonathanAbeler]

What a herd of whiners. So what if prices roll back 10% after a 40% increase. You make it sound like a 6% mortgage marks the end of the world; my first home was a 12% FHA assumption. I blame a crappy economy, the product of too much spending and a financially illiterate (VP Kamala) Democrat ruling class. Wake up!

[@lasvegasliving9237]

People are very frustrated. Inflation is completely out of control compared to previous generations. The frustration is justifiable.

[@CB-nd9ki]

What's the price on the home you were standing in front of?

[@lasvegasliving9237]

Approximately $1.5M (base price)

[@george-tf8xq]

I believe If the 30 year payment plan doesn't get extended to 40 or 50 years then the market will crash much harder than it did in 2008. Market will always find its way back to a affordable payment to income ratio. The question is not if its when.

[@lasvegasliving9237]

We could very likely see 40 or 50 year mortgages coming down the line.

[@stedmays2768]

Numbers typically are revised, for the economy and for companies, etc., as frustrating as that is. Your prediction that home prices will likely go down when the fed cuts, may come true. People sometimes sense trouble when the fed reverses course and cuts, as in the Great Financial Crisis.

[@lasvegasliving9237]

Yes and a cut now is a sign of economic and employment trouble which could create more problems.

[@beaumac]

Look at socal and you will see where the RE market is headed for Vegas and many other markets where there simply is not enough housing supply. People who live in SoCal and can’t afford a house will move, and many of those with a house may sell to move somewhere cheaper.

[@lasvegasliving9237]

That has been happening a lot since the pandemic.

[@petra7510-i6s]

You're showing too many luxury homes that the average person can't even afford bye

[@lasvegasliving9237]

I will show more average price point homes going forward.

[@discreteentropy]

At 5:30, said another way, 47.8% of homes are sold at or above asking price last month.

[@lasvegasliving9237]

Yes but it is changing compared to before when it was a feeding frenzy.

[@bigmanbossoftheworld]

I BELIEVE THE BOTTOM WILL FALL OUT OF THE GOVERNMENT AT THR END OF RHIS YEAR

[@SheepAmongG.O.A.T]

If you're expecting a fall of government that will lead to some 'everyone for themselves' type of scenario you'll be disappointed. Government has always been the ones left with the power when a nation falls, and it leads to A LOT of death.

[@puppets.and.muppets]

@@SheepAmongG.O.A.T they are just going to run out of money.

[@tonyl6385]

Watching too many movies.

[@TheeLynnChase]

So you must think Commielaw Harris will win?

[@tenbearsreeftank5705]

I always listen to the people that caplock every letter and misspell

[@choncha23]

We have been hearing about inaccurate job reports for the past year. Yet, the housing market and stock market just keep going up. The younger generation was beating this drum on social media the past year. However, people have kept spending and buying homes. Do these markets just keep inflating and pricing out people for years to come, or do we see a correction?

[@lasvegasliving9237]

In regards to your question, time will tell. I see a correction coming in the next several months or so, but prices will go up long term in all likelihood based on history.

[@thatShadowKat]

15:58 exactly, don't worry if you shoot off an offer that is below asking price. You won't hurt anyone's feelings. Sometimes people are asking so high because "why not" and as PT Barnum said, "A sucker is born every minute." Don't be that sucker. Check the area like Jerry does, look at the surrounding values and make sure you're not paying a dollar for a dime. You don't want to be the most expensive in the area.

[@lasvegasliving9237]

Appreciate the support. Don't be that sucker!🤷‍♂

[@richheaton4008]

Lol your not "getting a good deal" if prices are up over 100% in 4 years and only came down a few thousand

[@lasvegasliving9237]

Fair point.🤷‍♂

[@NoDaysOff-oz2zl]

I live in a more "affordable" part of the US. Saw a home listed on 6/24 a few blocks away for $390k. As of 8/23 they dropped it to $319k. NO TAKERS. It was way overpriced to begin with, and it's still overpriced. I see a lot of listings like this. These listings have agents. Most agents do comps. Don't most agents who do comps based it on CLOSED sales?

[@lasvegasliving9237]

This is becoming very common, and it is now backfiring on sellers in many different markets. They simply were just trying to find people naïve enough to buy homes at whatever price they thought was justifiable but that is no longer the case in many areas.

[@wally6615]

What does the REO listings look like in Vegas?

[@lasvegasliving9237]

I wouldn't know nor is it likely significant in this market.

[@BoulderCityBlues]

You have home that sold for 250,000 three years ago , put It on the market for 500,000 , get no buyers, so you lower it to 400,000 to sell it , and say home prices are coming down . That’s pure gaslighting ..The Las Vegas real estate market is probably the most overinflated in the entire nation . The new homes are built like garbage and the old ones are all in garbage neighborhoods. There are record foreclosures and record number of people backing out of their contracts . Unemployment is going up as the government lied about the economy .Property taxes and insurance are getting out of hand and God forbid you have an HOA ..You’re almost better off in Bitcoin although if Harris gets in and they push for the digital dollar that’s a bad deal also ..That’s why this election means everything to everyone .

[@lasvegasliving9237]

Sadly that is the new normal regarding home prices but definitely not regarding property taxes here in Las Vegas as we have some of the lowest in the country.

[@mtshasta4195]

bitcoin?? HAHAHA!!! no wonder you ride the coat tails of this garbage!

[@sonnycusa]

Exactly! Vote for Trump!

[@johncarcamo6772]

Faith in government is where you go wrong your programming needs to be adjusted .

[@lasvegasliving9237]

@@sonnycusa Thanks for commenting.

[@gerardoduran9066]

In regards to the income raising, you will have to be creative and truly become a entrepreneur, however becoming one it takes hard grinding work with failure after failure until you find a way or a systematic way that makes it easy after all the failures, mistakes that where made. But yes for the average person here in Las Vegas it's now more difficult living here even if you work at a Casino franchise. I remember back in 2004 if one worked in a casino you where getting top wages paid from $17 to $24 dollars per hrs. Strangely enough those wages are still present till today unless you climb their corporate ladder by selling your soul to them, meaning not having the lifestyle you want. Don't get me wrong.... you'll have the money but your life and health will be diminished due to inhaling the second hand smoke or worse, you'll pick up that bad habit overall. Non the less, yes wages have been the last thing companies, corporations, and the government care about. But these past 3 years have been very unsettling with all that's going. All we can do is to hunker down. Get money's together and have faith.

[@lasvegasliving9237]

Very true....wages, especially here in Las Vegas for casino workers, do not go up like all other goods and services.

[@matttoly9773]

They raised it to 1.9 million so they could reduce it. Some are counting on the laziness of the human race

[@lasvegasliving9237]

Very odd or a bad typo and corrected it.🤷‍♂

[@BIGGOODBOY]

Jerry from your experience what’s the income of the people buying the $600k homes right now? What down payment are they making.

[@karenstasik2979]

I live in the retirement community, The Villages, FL. Most of the people that buy that kind of house here are those moving from areas where they sold their houses with a huge profit (usually the NE) They are either retired or close to retirement. Most work remotely if they're still working. In Las Vegas, where my daughter lives, most of those people are coming out of california and selling their homes, as I said, with a huge profit.

[@lasvegasliving9237]

The average down payment now is close to 15%. Hard to know what income levels are justifying $600K homes as there are many different loan options and incentive programs.

[@lasvegasliving9237]

@@karenstasik2979 True in many instances.

[@thomasfranco5997]

Good Afternoon, Jerry. I have a question where I look out of the Country for Real Estate is in Mexico only, and I am getting Real Estate Agents from other Countries like Philippines, Thailand, and Hong Kong. I am only looking for a Vacation home in Mexico. I hope they are not getting info. from someone else.

[@lasvegasliving9237]

They are very likely sharing your info and that happens a LOT.

[@thomasfranco5997]

@@lasvegasliving9237 Thanks Jerry, Your the beast, I mean the best. Just like at work I was working in Human Resources and my boss would tell me people would call her and say I was a Gentleman. I would tell her I have been called worse and they would crack up.

[@mtshasta4195]

3.1% increase--HOT MARKET! 52% overpriced--so what!! 849 or 48% at or above!! STRONG market!

[@lasvegasliving9237]

Market is changing.

[@farzadhamid7357]

I worked 35 years, now Iam retired with a lousy social security benefit payment. every year the governments cost of living is a miserable 2 to 3 precent rise, so if you have benefits of 1000 dollars per month that will give you a shity 20 to 30 dollars per month. price of a McDonalds hamburger

[@lasvegasliving9237]

Tough times for a lot of people, especially from 2020 on because of the pandemic.