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Realistbear

Las Vegas H P C -- How The Big Gamble Lost

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http://www.builderonline.com/industry-news...rticleID=354340

Cool July for Las Vegas Housing

Source: Las Vegas Review - Journal

Publication date: 2006-08-24

By Hubble Smith

By HUBBLE SMITH

REVIEW-JOURNAL

Las Vegas' housing market picked the hottest month of the year to show its clearest signs of cooling.
New home sales in July dropped 41 percent from the same month a year ago
and existing home sales fell 35.1 percent as the market continues its downward slide after two years of record-breaking sales and price appreciation....../
Median prices of both new and existing homes climbed 3.2 percent in July.
However, the new home median of $299,152 is down significantly from $337,395 in June.
The median price for existing homes was $289,000, a scant $450 increase from the previous month....../
Recent news that Nevada ranked among the top five states with the largest slump in housing sales during the second quarter is only part of the story here, Bottfeld said.

And the party is only just getting going there! We should see similar headlines as our bubble is far far bigger than theirs with 300% inflation since Gordon occupied No. 11. :o And they said it could never happen in Las Vegas either.

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Guest wrongmove

RB, to avoid cluttering up the main board, could you possibly group your US HPI news links into one thread please. They are all very similar and perhaps do not warrant a separate thread each......? :unsure:

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Guest wrongmove

Oh don't be a sour-puss

:)

I'm not sour ! I can just remember when this board was a discussion forum, rather than a US newsblog. Discussion threads tend to disappear very quickly these days under a delude of similar news links. There is a blog available on HPC for posting news links already. :o

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:)

I'm not sour ! I can just remember when this board was a discussion forum, rather than a US newsblog. Discussion threads tend to disappear very quickly these days under a delude of similar news links. There is a blog available on HPC for posting news links already. :o

I think its because the HPC seems to be moving from OZ-US on to us. The US market is highly influential on the UK as a recession brought on by a HPC there will have a magnified effect here--just like the Great Crash. Its a heads-up if you like.

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Guest wrongmove

I think its because the HPC seems to be moving from OZ-US on to us. The US market is highly influential on the UK as a recession brought on by a HPC there will have a magnified effect here--just like the Great Crash. Its a heads-up if you like.

Hi RB

I agree that the US housing market is looking vulnerable and that may be very influential in lowering prices here (albeit by triggering a global recession), but we are not stupid - we don't need 15 threads to get the point ! :)

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Hi RB

I agree that the US housing market is looking vulnerable and that may be very influential in lowering prices here (albeit by triggering a global recession), but we are not stupid - we don't need 15 threads to get the point ! :)

Hey we do I appreciate the different threads.

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Guest wrongmove

Hey we do I appreciate the different threads.

:unsure:

I assume you mean you like having lots of very similar RB threads. That is almost bound to be the case - if you didn't like the current status quo here, then you wouldn't be here. Most of the interesting old timers have moved on now, to be replaced by RB's cheerleaders. I have to say that I find bearsh1t nearly as boring as bullsh1t, and endless "Me too" posts are not very enlightening either.

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:)

I'm not sour ! I can just remember when this board was a discussion forum, rather than a US newsblog. Discussion threads tend to disappear very quickly these days under a delude of similar news links. There is a blog available on HPC for posting news links already. :o

Morribund, you are talking absolute tosh. People with half a brain cell realise that there are more than one page to this forum, and the next page of posts is a simple click away.

I don't know why there are people getting on RB's case when he is the most productive poster on this forum and absolutely all posts are relevant to a HPC. Just because no-one gives 2 hoots about what you are writing doesn't mean you should pi55 on someone elses efforts to get as much news as possible on a HPC all in one place.

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Morribund, you are talking absolute tosh. People with half a brain cell realise that there are more than one page to this forum, and the next page of posts is a simple click away.

I don't know why there are people getting on RB's case when he is the most productive poster on this forum and absolutely all posts are relevant to a HPC. Just because no-one gives 2 hoots about what you are writing doesn't mean you should pi55 on someone elses efforts to get as much news as possible on a HPC all in one place.

Yes, I'll second that. We owe a huge debt to RB for taking the time to re-produce the excellent stories, some from obscure sources. I find his analysis pretty good too.

As the US heads into recession early next year, the UK housing market crumbles after the sucker's rally and we head into recession late next year, even RB will find it hard to keep up with all the bad (good :D) news flying around.

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I haven't got a clue what people see in Las Vegas. It's one of the most tawdry places on earth. Ok its makes you say 'wow' a lot when you marvel at the huge casino complexes but it's short lived. The new developments are like disneyland inspired council estates.

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I haven't got a clue what people see in Las Vegas. It's one of the most tawdry places on earth. Ok its makes you say 'wow' a lot when you marvel at the huge casino complexes but it's short lived. The new developments are like disneyland inspired council estates.

I agree. I lived there 1966-72 in the good 'ol days when the Wise Guys ran the town. It had some class back then but now it is indeed like a hideous Disney remake of the Moulon Rouge.

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I agree. I lived there 1966-72 in the good 'ol days when the Wise Guys ran the town. It had some class back then but now it is indeed like a hideous Disney remake of the Moulon Rouge.

I use it as a convenient stopping off point when I'm touring the National Parks but I could never live there. Nearly got into a fight with a load of guys who were handing out obscene material. I bet that wouldn't have happened with the Wise Guys in town.

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I use it as a convenient stopping off point when I'm touring the National Parks but I could never live there. Nearly got into a fight with a load of guys who were handing out obscene material. I bet that wouldn't have happened with the Wise Guys in town.

Absolutley. Street crime was almost non-existent. Once when I was living there the Hells Angles decided to come to town from California. Some wise guys got in their black Caddies and drove a little way out of town and suggested that the hundreds of bikers turn around and go somewhere else. They did. There were unwritten rules such as you don't take your own trash to the dump and you don't unionize. <_<

It still happens today to an extent. I have a friend whose Uncles are in one of the Baltimore familes and he took my wife and I out to dinner in "Little Italy." It was pointed out that there is no street crime, mugging etc. in their territory and little old Italian Mamas can go out at night and have no fear of being mugged. Accross the street, where a different ethnic group hung out, was a different story altogther. Despite this there has been some erosion in the old ways and infiltration by Russian "mafia" has led to more violence. It would make the "Moustache Petes" turn in their graves!

Edited by Realistbear

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Absolutley. Street crime was almost non-existent. Once when I was living there the Hells Angles decided to come to town from California. Some wise guys got in their black Caddies and drove a little way out of town and suggested that the hundreds of bikers turn around and go somewhere else. They did. There were unwritten rules such as you don't take your own trash to the dump and you don't unionize. <_<

It still happens today to an extent. I have a friend whose Uncles are in one of the Baltimore familes and he took my wife and I out to dinner in "Little Italy." It was pointed out that there is no street crime, mugging etc. in their territory and little old Italian Mamas can go out at night and have no fear of being mugged. Accross the street, where a different ethnic group hung out, was a different story altogther. Despite this there has been some erosion in the old ways and infiltration by Russian "mafia" has led to more violence. It would make the "Moustache Petes" turn in their graves!

I got the impression that the file 'Casino' gives a good idea of what was happening back then. Terrifying. :blink:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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