patrick.net

Las Vegas is in the middle of a desert. Empty land as far as the eye can see. I don't know how much prices will increase there this year, but I do know in the long run they will build like crazy, limiting any prices increases.

Compared to Orange County 4.1% last year and 1.7% forecasted for next year.

Why don't they develop a few thousand acres for new homes?

Wow. Not sure why people want to live there.

Spics and other losers because they can’t afford a better place.

joshuatrio says

Wow. Not sure why people want to live there.

or former CA renters who left the state due to affordability. they'll never say that's the real reason though. always the taxes, the illegals, the roads, bored of the good weather, the beach is too close, etc. etc.

anon_fad35 says

Spics and other losers because they can’t afford a better place.

joshuatrio says

Wow. Not sure why people want to live there.

from what i know, the land surrounding Vegas is federal land. developers have to buy land from the federal government through auctions.

there are new homes being built but they are priced significantly higher as reported in the video and i'm pretty sure developers don't over built to keep profit as high as possible.

Tenpoundbass says

Why don't they develop a few thousand acres for new homes?

certainly it won't beat CA appreciation but i think the SoCal investors (especially those priced out in CA) will go there to buy because it's the closet.

Strategist says

in the long run

BorderPatrol says

from what i know, the land surrounding Vegas is federal land. developers have to buy land from the federal government through auctions.

You make it sound like it's a major problem.

it's not but it's certainly not unlimited free land like you made it.

Strategist says

BorderPatrol says

from what i know, the land surrounding Vegas is federal land. developers have to buy land from the federal government through auctions.

You make it sound like it's a major problem.