Las Vegas median home prices up 11%!

[Dr.Love]

But do I believe prices will go back to levels like 2010? Absolutely not.

And I've never said they would. I just think it's very possible this real estate run right now won't last much longer. And the market in some areas could see a decent size correction starting in a year or so.

That's all.

 

[bodyforlife]

What caused the last recession could be somewhat irrelevant. What could cause recessions or depressions in the future could be different that what caused recessions in the past.

If you don't understand that multiple lockdowns which in turn could cause (and have) tons of middle class Americans to lose their jobs and/or businesses.. Which in turn could lead to a recession... Then maybe you clearly don't understand simple economics.

I already made plenty of comments to you that are perfectly logical (which you're not addressing). Bottom line is the scoreboard right now shows an 11% increase. Anyone that thinks they're going to be jobless for any length of time has every opportunity to sell. With lending standards being what they are, equity in homes, historical low interest rates, and what may be the "new normal" with companies realizing the cost savings of having people work remotely, it seems quite irrational to expect the dire consequences that some here have advocated. You might look at the history of past pandemics to get a better understanding and then take into consideration what I just said.

In addition, a 95% success ratio on a vaccine should indicate that we are not that far away from at least some normalcy.

 

[Dr.Love]

I already made plenty of comments to you that are perfectly logical (which you're not addressing). Bottom line is the scoreboard right now shows an 11% increase. Anyone that thinks they're going to be jobless for any length of time has every opportunity to sell. With lending standards being what they are, equity in homes, historical low interest rates, and what may be the "new normal" with companies realizing the cost savings of having people work remotely, it seems quite irrational to expect the dire consequences that some here have advocated. You might look at the history of past pandemics to get a better understanding and then take into consideration what I just said.

And your prediction on what is to come may very well be correct. Time will tell.

Hope you are right.

 

[Dr.Love]

The US economy is pretty much a pyramid scheme. Tons of debt. Print money to fix problems. Etc.

We still have a lot of things going for us in the big picture. But this economy has some major holes. If things fall the wrong way, we could be in big trouble. And if/when the dollar falls out of favor vs some other major world currencies? Look out...

 

[bodyforlife]

And I've never said they would.

Never said you did, nor was I implying you did.

And your prediction on what is to come may very well be correct. Time will tell.

Hope you are right.

I hope I'm right also. Unlike others here, I'm not looking for people to have pain and suffering in their lives to make a quick real estate buy.

 

[carlitosway]

This. My dad just picked up 6 homes around Vegas and 2 in Utah for good prices past few months. His broker said very busy with foreign sales like his.

Hey kid, you sound like a Chinese American. In another thread you stated enthusiastically that China would destroy the US in a war. I addressed that wouldn't be the case if it happened. If you and your dad are doing so well why would you opine such a thing? Why threaten a very nice life/situation here? Don't cut off your nose to spite your face.

 

[seldomseen]

Were there people on here saying the housing market would be down? Rates are so low that you have some lenders increasing margins to curb volume. Imagine that won't change until at least through the 3rd quarter of 2021.

 

[seldomseen]

The US economy is pretty much a pyramid scheme. Tons of debt. Print money to fix problems. Etc.

We still have a lot of things going for us in the big picture. But this economy has some major holes. If things fall the wrong way, we could be in big trouble. And if/when the dollar falls out of favor vs some other major world currencies? Look out...

When will that be? There's not another currency that can currently compete with the USD. Were not likely to see a full economic collapse in our lifetime.

 

[bodyforlife]

Were there people on here saying the housing market would be down? Rates are so low that you have some lenders increasing margins to curb volume. Imagine that won't change until at least through the 3rd quarter of 2021.

Yep, one clown even said they would drop by 60-70%. Even had a moron or two agreeing with him.

 

[bodyforlife]

When will that be? There's not another currency that can currently compete with the USD. Were not likely to see a full economic collapse in our lifetime.

Yep, pretty much doubt it myself also. But it wouldn't be the first time I read the sky was gonna fall.

 

[REDEYE]

Nah, apparently you didn't think which is why I had to steer you back to the topic at hand. Thanks for playing.

I don't have to think to much to have you pegged .. Thanks for playing ? Lol. Pretty cute for someone that folds early.. Carry on !

 

[bodyforlife]

I don't have to think to much to have you pegged .. Thanks for playing ? Lol. Pretty cute for someone that folds early.. Carry on !

I will, thanks. You run along now.

 

[PatsFan1283]

Yep, one clown even said they would drop by 60-70%. Even had a moron or two agreeing with him.

Captain Lee was trying to crow about how covid cases were spreading in the NFL a few weeks ago as if it meant something, he's not the most analytical guy.

If you wanna be right about something, taking the opposite sid of him is pretty low hanging fruit seems like.

 

[bodyforlife]

Captain Lee was trying to crow about how covid cases were spreading in the NFL a few weeks ago as if it meant something, he's not the most analytical guy.

If you wanna be right about something, taking the opposite sid of him is pretty low hanging fruit seems like.

You'd think, huh? Hard to believe there are people that agree with his nonsense.

 

[Dr.Love]

When will that be? There's not another currency that can currently compete with the USD. Were not likely to see a full economic collapse in our lifetime.

1. Good question. If I knew, I'd either be God or way too smart to be spending time posting here with all us knuckleheads.. puff_>>

2. USD is currently king. No doubt about it. But to think there aren't scenarios that could be set off to start the free fall, then I think you are being a tad blind to the possibilities.

3. I disagree. I think it could be a world economic collapse. And when the dust settles, the USD might not be on top anymore.

 

[bigwang]

You working for daddy makes a lot of sense.

Books had that line around -600, should’ve bet it

Ummm. I have contracting licenses in 3 states. Plenty of clients.

How is your wife? Still famous from being the real life inspiration for Johnny Sac’s wife on the Sopranos? In case you can’t afford cable, she is the very obese cow.

 

[Railbird]

China buys tons of homes in vegas, i know a realtor that sells them 50 units at a time. should be illegal

 

[Railbird]

1. Good question. If I knew, I'd either be God or way too smart to be spending time posting here with all us knuckleheads.. puff_>>

2. USD is currently king. No doubt about it. But to think there aren't scenarios that could be set off to start the free fall, then I think you are being a tad blind to the possibilities.

3. I disagree. I think it could be a world economic collapse. And when the dust settles, the USD might not be on top anymore.

thats the goal of china and american leftists

 

[michael777]

thats the goal of china and american leftists

100% correct

 

[PatsFan1283]

Ummm. I have contracting licenses in 3 states. Plenty of clients.

How is your wife? Still famous from being the real life inspiration for Johnny Sac’s wife on the Sopranos? In case you can’t afford cable, she is the very obese cow.

Oh wow, good 1 man. That’s a sick burn.

Who knew such razor sharp humor could come out of “I hate and am jealous of white people” incel gatherings.