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If you are going to be living in Las Vegas Nevada then this is the channel for you! We tell you what it's like to move to Las Vegas and make videos about Las Vegas real estate every week. We work with clients from all over the U.S. that are relocating here and we ABSOLUTELY LOVE IT! Reach out to us day/night/weekends if you are moving here. We've got your back when moving to Las Vegas.
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Jerry Abbott - REALTOR®
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Simply Vegas - The Wulf Group
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I like your videos until you started advertising master works I hope you pick my comment for next week
Thanks for the support and feedback.👍
I don’t think the fed is saying the economy is great. They’re saying it would be way worse if they didn’t hike rates….which is true!
They are always painting a rosy picture but JP needs to use caution in his tone even though the numbers they report are absolute nonsense.
Its called greed 😮
A LOT of greed! 🤷♂
My concern is that these investors are clearly riding and creating the bubble. When their extreme rents run into the fact that their renters cannot really afford these homes, defaults and evictions will follow. As profits evaporate, the big corporations will have to start unloading the homes, and they and everyone else will seek to minimize their losses. Freefall follows. There will be great deals to be had at the next nadir, but the timing is anyone's guess. Sadly, and once again, a lot of regular folks are going to suffer.
Well said Rod. We''ll have to see how it plays out.
Who pays the mortgage when those properties don't sell?
The owners are always on the hook to pay the mortgage until a sale is made and it transfers to new ownership.
100k per year can go far depending on where you live.
Not nearly as far as it used to just a few years ago.
Dirty pigs. 😄
There is no way to stop the big corp to buy out all single family homes in the U.S. it is the Free market
Looks like a 450-500k house
Maybe several years ago but certainly not now in this current crazy market.
This why regular people can’t buy a home because of these corporations buying up single family homes!
You need about $300K to survive annually. It's a complete annihilation of the middle class, aka economic gentrification.
Single family homes should go to first time buyers first
That would be ideal but unfortunately unlikely to ever be the case.
You’re getting desperate now. Shame on you. The housing market has always kept up with inflation. Housing will not crash unless we have serious breakdown in employment. This channel is a joke.
You're certainly free to have your own opinion even if I disagree with it. Thanks for watching anyway.
Blackrock, Vanguard etc. are doing the same thing but in higher volume. Be careful what you fall for. They want you to believe one corporation is doing this when the very people who are backing these politicians are doing it even more. Nice try though.
I live in Idaho and the housing market here was on fire two years ago. It has slowed to a crawl now and many people that moved here thinking this state was a panacea for happiness learned a hard lesson. Many of them have sold their homes at a loss and have left the state. I have watched a lot of retailers gouge us for quite some time and they are now paying the price by losing a big chunk of their business and a lot of businesses are closing down. You reap what you sew.
Interesting. Thanks for sharing that information. Inevitably, market sentiment will shift and prices will correct in my opinion.
This guy is a never trumper
I'm lost on that comment.🤷♂
Do you ever have anything positive to post? Aren’t you in sales???? I’m a buyer and I never get motivated watching this channel!
Hard to be positive in this economic environment and my honesty is usually appreciated. That said, I am in sales and that comes organically. It all depends on each person’s motivation, timeline, budget, etc. Reach out direct to discuss more details.
larry has 10t in free money, the orange did that.
I don’t think so.
These greedy corporate pigs have permanently irretrievably lost their minds? A mental suicide you may imagine, with an overdose of two deadly doses of avarice and greed? They will never disclose the truth to you, we see it happening in China and now we are seeing it happen here. This source information has to be taken with a grain of salt, to make it more palatable when swallowed? It has to do with a significant amount of sovereign bonds and Sovereign Guarantees that were issued to the Chinese Government and the AIIB Bank in Hong Kong issued in RMB or Chinese Yuan for collateral within other countries. Those issuance of bonds recently had expired, remember bonds or what we consider to be debt instruments are actually assets to a bank, including a central bank or a treasury. And for those of you that don’t know it’s also known as the Asian INF infrastructure and investment bank called ASSURE. This was supposed to be the Hub and the Headquarters for the currency for all of Asia and also the financial Hub for the deep state of China and their attempts to control the World and become the world’s next superpower. Those bonds expired, so the question for us is what is the political play here, the financial play so to understand what this all means in the world? And what does that mean to us here in Northern America and other countries? Allegedly speaking, The United States Government were issued RMB Bonds as alleged backing for USD, this was the base root which is known to us as the Chinese invasion of America? When these bonds expired that actually takes away all the asset backing for virtually three quarter of the world’s currencies, and isn’t this the main discussion here why all the exposure of corporate greed particularly in America’s real estate economy? Does that facilitate a banking system crash for you the consumer, that’s the most important thing the answer to the question is No it does not. The value of the currency has nothing to do with your bank account. Is it going to necessarily and automatically increase or decrease the value or purchasing power you have with your current currency wherever you are USD included No it shouldn’t? The good part is what it does allow for you to do is give us the opportunity and the repository to balance everything out before it becomes a problem for you. So the AIIB was allegedly functioning as a debit-based system, notice how these corporations allegedly like for everybody to be in debt, and see how this was allegedly all was working, it was kind of like a big circle that came to a abrupt halt which left China and the AIIB devastated? Does China have control of any country’s financial system at this moment, the answer to the question is absolutely Not? And if you happened to be a government official, you can expect your treasury notes, your central bank notes, and your Sovereign Guarantees to be returned completely absolved. Let’s just say that everything is a strategy and everything is in its own time because nobody wants more Chinese RMB Bonds or AIIB Bonds (allegedly)? source unknown, to be viewed as purely for educational and entertainment purposes only, and to be taken with a grain of salt when digesting?
Great and informative podcast. One does not hear this on the puppet mainstream media.🤔🤨
Zillow is part of the problem. Just another corrupt and dishonest company.
I'm an Asian guy in SF. Love your channel and content.
Thanks so much for the support!🙏👍
I don’t know where Kenya lives but if she can’t find housing/rent with a 6 figure salary, something is wrong with her. 😂
Not true in many areas where those six figure jobs exist.
@@lasvegasliving9237 maybe in Silicon Valley Ca or NYC it’s true, but not in Vegas. You can drive 20 mins to North Las Vegas or Summerlin or even Henderson. I thought you were a Vegas channel.
@@rumproast5159 Many people earning six figures are either still needing to come to the office or a hybrid mix and those jobs are usually located in HCOL areas like CA, NYC, Seattle, etc. Sadly, even in Las Vegas, earning a $100K doesn't go nearly as far as it used to when you add in rent/mortgage, car(s), food, insurances, possible kids, student loans, credit cards, etc. It gets eaten up pretty quickly.
@@lasvegasliving9237 exactly. I know what your saying but the people in Las Vegas that work in services and hospitality are the ones in deep trouble not the 6 figure people. I’d love to come back to Vegas. I really miss it. I left in 2022 and even said to my husband I’d call you first for housing before any of the others. I would not buy in a HOA either and I know that’s a tough one out there. Thanks for your channel. It’s refreshing to hear someone telling the truth for a change. I’ll keep watching. Who knows, we might decide to return.
@@rumproast5159 Thanks so much for the support and your feedback. Reach out anytime.👍
As soon as dump the FED and switch to a gold backed currency, prices will go back to 1950's values.
That will simply never happen nor should it.
Greed created the last crash in 2008 is it happening again?
Greed always creates problems but I don't see a repeat of 2008 happening this time around.
Soooo when arr we going to start protesting?? Cause im in
If only people would do that!
❤
Thank you!🙏👍♥
Mahalo happy 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🤙🏽🌴🍍🍍Oink oink 🐖
Mahalo buddy!🙏👍🤙🌴
So how can i make money. What are your thoughts on apartments
It's hard to make money in the real estate market based on where valuations and price points are currently.
I try to eschew new laws and limitations for capitalist markets, but I'm coming around to think "something" needs to be done to reel in the corporate home ownership and rental business -- and it has to be done without harming the casual independent investor (sole prop, s-corp, or an LLC/corp with less than X million in assets). The corporations are pushing the limits a little at a time and bringing the spotlight on them. I fear soon the ham-fisted hand of government is going to just deal a massive blow and may just harm everyone instead. This has happened just recently with just fees: Credit Card fees, Overdraft fees, possibly soon Resort Fees. They all were reasonable at one point, but the scope creep upward finally drew enough attention and laws are being discussed about it. I hate and think that rent-control laws are overall bad for building new apartment developments, but possibly something in that fashion could work for assets already built such as homes that are bought and rented out by corporate entities; a higher wedge of property tax on corporate owned property -- which can help bring other owner-occupied property taxes down. These new ownership profiles need new ideas or else all the homes, not only in LV but every urban and suburban area, will just be owned by venture capitalists, corporations or banks. The future HOA contracts should also consider limiting corporate ownership within the new developments, such as requiring no more than 10% be non-OO. I say future because I know that amending a current HOA is quite difficult, requiring 60-75% of owners to agree... and if you have an overwhelming corporate ownership within an HOA already, it's already stuffed from the start. And I know that is possible since where I came from ( a small HOA of about 120 homes and a cost of $160 a year) had that language to that effect in its declarations.
Thanks so much for sharing your input and watching. Much appreciated.
Wow I’m stunned. This video and your message are what I’ve been thinking and feeling. I’ve achieved salary increases due to promotions and made 135k last year and am not comfortable with what a mortgage will cost me. Talking 3800 and up for some dump 50 year old houses. It’s nuts. I’m confused but hearing that other people are having similar experiences kind of helps. Are you primarily a buyers agent ? Thank you .
Yes, I primarily help buyers. You have every reason to be stunned and disgusted at the absurdly high costs to own a home today as wages still lag far behind compounded inflationary and very high interest rates. Truly unreasonable by any measure nowadays. Thanks so much for the support!🙏👍
thank you for your analysis.
My pleasure!🙏👍
HOW ABOUT TALKING REAL ESTATE AND STOP THE VICTIM SPEECH.
I am talking about real estate (and the economy).
Love your channel i wish all realtors and people in general was this honest the world would be a better place for sure.
Thanks so much! I appreciate the kind words and support!🙏👍
We need to pass a constitutional amendment stopping corporate ownership of residential real estate!
Unfortunately, that's more wishful thinking than reality at this point. The corporations have a lot of politicians in their back pocket which will likely not allow much needed legislation to be put in place to prevent mass corporate homeownership from continuing on.
@@lasvegasliving9237 well when the civil war comes things will change fast for these people!
You know the housing market is screwed up when even the KZread real estate agents are saying don’t buy right now.
Lol...everything is screwed up!
😮 And I bet majority of these companies or foreigners. America is a big w**** we will let anyone come and do whatever they want to do. As long as the Price Is Right. They do not care that Americans are literally sleeping on sidewalk. We have a elderly homeless. Veterans mothers and children. But we will make sure to help everybody else. Our government can stop this and make them sell them home. This is crazy. But eventually they're going to have to lower the rent or lose their investments. 🤔😔😏👹😡
Your video came up on my feed and I live in Wyoming lol. The same has happened here. When I moved here in 2018 from Colorado the houses were pretty well priced, now they've doubled, and Cheyenne kinda sucks lol. I don't make 6 figures not even close but I've stopped useless spending just to make it. It definitely works. Most of the people i know that make 6 figures are always broke. I'm over here with my 40k a year living pretty well. Excellent video ❤
Thanks so much for watching and commenting! Keep doing well! I appreciate you sharing that info!!🙏👍
Tax the rich! It's crazy how small a % multi millionaires & billionaires pay compared to their secretaries.
Perple with money (like Powell) don't see inflation, don't effect them and most importantly, they don't care.
Blackstone bought Tricon recently adding 35,000 homes to their coffers.
It really is sickening to think a couple of companies in this country can wield so much power.
Probably because they gotta house all those immigrants coming across the border, really, where are they gonna house all those people ??? Those big tents can only last so long😂
That's a scary thought but not likely to ever be the case as corporations need to pad their bottom lines as much as possible.
"If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs.I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies." -- Although the quote is associated with Thomas Jefferson, the actual source is disputed) People get enticed by super low interest rates to buy things, then they raise rates to sky high levels so people can't pay for things they borrowed to obtain. Now these things can be acquired by the elite for pennies on the dollar since the average Russian serf (you and me) can no longer afford them. We'll be seeing this with real estate (actually, we already are). Central banks are a scourge upon the earth. Get out of debt ASAP, if you can.
Looks like HOA of housing additions need to incorporate ...NO RENTAL, NO LEASING...JUST OWNERSHIP. My wife and I lived in an addition here in Oklahoma that had that HOA policy. A few years into ownership the house next door to me was for sale. A doctor came and looked at it and while my wife was watering her flower bed he came over and spoke to her. She told him it was a great addition and he'd like living here. He told her he and several other doctors were investing in "nice" homes in "good" additions to turn the homes into leases or rental...my wife told him real quick...there are no rentals allowed in this addition through the HOA laws and covenant. He left unhappy....but it stopped corporation/ investor rental in that neighborhood.
Thanks for sharing that information David. Nice to know that some HOAs prohibits corporations or investors from renting out homes/additions within certain communities.
Most Americans if asked will tell you capitalism is best. Still think that America?
Unfortunately, there's a difference between capitalism and obscene price gouging. Very few believe in that distinction but it is completely true and we are experiencing outright theft from these corporations.
Look, it appears that people in real estate are just now becoming educated in the speculative world of price bids and offers. Ive been a financial trader for many many years, ive seen decades of price discovery and millions of price changes over time, on hundreds of financial instruments, including REITs (Real Estate Investment Trusts). The ONLY price that matters is the last sale price, as a predictor of true price. All offering prices are just ideas in the sellers head. You can speculate why they would make seemingly crazy offering prices all day long. But, at the end of the day, if that home owner or corporate home owner wants to sell, that price must come down to where a buyer is willing and able to pay. And also, in a market, the less transactions that take place, the worst the pricing is. So, as home sales drop off, these crazy prices will continue to be posted. The more home transactions that occur, the more the price can me said to be a "true" price, if there really is such a thing as true price. What you need to look at is last sales price, that is the only certainty, all the other prices are just hopes, dreams, fabrications, pure speculations, etc.. and should not be used for pricing a market. Again, when there are few sales there is really no accurate way to judge a market value. Sure, there will be a few that will make transactions at ludicrous prices, one party seemingly making out like a bandit and the other potentially getting ripped off, but most transactions will not occur at these pricing extremes. What we see now are pricing extremes, and for the many reasons stated in the video, few transactions will occur here. If you want to see a live example of this, look at the stock market, pick some stock prices in the pre market and after market hours. Note the wide discrepancy between bid price and offer price during these hours, and then note what happens when the main market actually opens in the morning. Because there are more transactions in the main market, those bids and offers converge rapidly. When the bid price and offer price are equal, a transaction occurs (a buy and a sell). Sorry this sounds basic, but there is a widespread basic misunderstanding of this concept. In real estate right now, transactions, while rising, are still way down from the historical past. Less liquidity (transactions) means less true pricing. It is true for all markets. Note: real estate is pretty highly leveraged, perhaps more so than stocks, so the bid/offer discrepancy looks more extreme in the real estate market than in other markets during periods of low transactions (liquidity). It looks like something has to give, either sales or prices. What looks like could happen is that sellers come out of the clouds and lower prices, but these current prices are not accurate because few transactions are happening at these prices. This error continues as current home owners attempt to get an accurate idea of the current value of their home. When no homes are selling, valuations will be sky high. As soon as one persons sells a comparable, the next home will go for less, if 10 people sell, price drops even more. There are different factors now than in 2006-2009, corporate obvious buying being one of them. But the same market dynamics apply regarding pricing as in that time and any time. They are fundamental aspects of this, they do not change.
Citizens can’t buy homes because the interest rates are too high. Corporations can just pay cash. They don’t worry about the interest rates. The government doesn’t care about this. They are benefitting from it.
That's exactly right and it is a huge reason why buying a home for the average person has become more challenging than ever.
@@lasvegasliving9237 Do you believe the government is hiding the economy in the inflated prices of nationwide assets? Consumers have a credit/debt ratio. Does the government have a credit/debt ratio as well? But instead of credit does the government have valuation of national assets? Because this would explain why the housing/commercial markets seem to be artificially high as supply/demand would dictate prices should have come down a long time ago. I’m under the assumption the government across the board needs to keep the valuation of national assets high to offset the national debt.
I’m waiting for the market to fall out
A lot of people are doing that same thing but unfortunately it could take a while, if ever, to see that happen this time around. I don't see a crash happening anytime soon but a potential correction is possible after the election heading into 2025. Time will tell how it all plays out.
Lmao noooooo Jerry!!!! The sponsors got to you too?? 🤣🤣🤣
Lol...solid company but it won't be a weekly thing.
Million dollar tract home off Boulder Hwy (Cadence) 👏 👏 👏👍😂
Absurd!