Palms and other station casinos firing everyone

[Mobdeeper7239]

Really the best solution since you refuse to grow up.

Shush()*

(<)<

 

[Mobdeeper7239]

Child4life and Willie are going to run into mad China men there. Only people in Vegas will be dumbasses who don’t believe in this shit, homeless, and Chinese, because if you’re open they’re coming.

 

[bodyforlife]

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Yay! Because lord knows, I wouldn't want you to feel you were being stalked on those 2-3 threads you might be able to find that I replied to posts in face)(*^%

 

[soli]

I'm guessing he has his undersized high school lettermen's jacket on while posting.. makes someone just a little tougher , while at the same time living in the past...

You described him just like I would have pictured him...

 

[bodyforlife]

Oh no. Whatever will I do. I've offended the boys. In the words of Oliver Twist..."may I have some more". Keyboard warriors are always so tough.

 

[REDEYE]

Oh no. Whatever will I do. I've offended the boys. In the words of Oliver Twist..."may I have some more". Keyboard warriors are always so tough.

You're not offending me Body , most of your threads and posts I actually agree with ... I'm just not the one on the defensive here in some of these threads..Not a keyboard warrior here either .. just call them as I see them warrior..

 

[bodyforlife]

You're not offending me Body , most of your threads and posts I actually agree with ... I'm just not the one on the defensive here in some of these threads..Not a keyboard warrior here either .. just call them as I see them warrior..

As do I. Not really too concerned if you disagree. And you're not either. So I think we're done unless you want to keep the nonsense going.

 

[REDEYE]

As do I. Not really too concerned if you disagree. And you're not either. So I think we're done unless you want to keep the nonsense going.

yep . time to move on..

 

[Dave007inVegas]

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Wow! You sure showed him.

 

[PatsFan1283]

Below is other reasons I think you're 20-30% is far short. How many fewer Vegas buyers would be in their current homes with anything near those types of lending standards were previously in place?


For instance, Chase is now requiring a credit score of at least 700 for all new home loans, and they are one of the financial institutions that is now requiring a down payment of at least 20 percent…

A Chase spokesperson confirmed that starting April 14, new mortgage applicants will need a minimum credit score of 700 and a down payment of 20%. Refinancing applications for non-Chase mortgages will also need the same score. Chase didn’t disclose its previous lending standards but the average downpayment for first-time home buyers is around 6%, according to a 2018 survey from the National Association of Realtors.
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If you own your home, would you have been approved for a mortgage under the new Chase standards?
And Chase is far from alone. In fact, most major mortgage lenders have now tightened up, and Redfin is estimating that about a quarter of all home buyers last year would not have qualified under the new standards.
So if you remove about a quarter of all buyers from the marketplace moving forward, what happens to the housing market?
Yes, there will be an implosion, and it will happen no matter whether coronavirus lockdowns are in effect or not.

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And home equity loans are going to be hit even harder. As I discussed last week, Wells Fargo is no longer taking HELOC applications at all.
So now matter how good your credit is, you simply cannot get a home equity line of credit from Wells Fargo at this point.

Has a housing market in a top 50 US city gone down 80% since WW2? What is even the highest? Probably LV and a few places in FL in '08 and maybe like Houston during the 80's oil bust or something.

For houses to be worth 500k to 100k and 250k to 50k, you basically need to turn an area that was vibrant 2 months ago into Iraq. I don't think you're really grasping how big of a downturn that is.

It probably won't even be as bad as it was 12 yrs ago since the debt in the system wasn't nearly as overly leveraged.

 

[bodyforlife]

It probably won't even be as bad as it was 12 yrs ago since the debt in the system wasn't nearly as overly leveraged.

Gee, where did I hear that before? Yep, the main cause of the last recession and why housing was hit so bad. Sounds like someone needs a history lesson.

 

[CaptainLee]

I guess we're just going to have to wait and see how bad it's going to get in Vegas. You're guess is 20-30%. Mine is 80%. If it ends between there that'll be enough to possibly present some value. When the leveraged players start blowing up I think you'll be shocked at how fast prices will fall.

I purchased a foreclosure here a few years ago that previously sold for more than double what I paid more than a decade prior. Kept my former house as a rental. I also bought a small rental late last year for pennies on the dollar. Las Vegas is a place I've wanted to have spot since I'll be able to spend more time there as I near retirement. The coming crash there will present a great opportunity.

Why use the WW2 timeframe? Crashes before then aren't part of what you consider history?

Dave, it has more to do with ignoring a forum dumbass than anything else. You're in Henderson, enjoy the ride lower.

 

[bodyforlife]

Sounds like you better get out while the gettin' good Dave. Nostradamus has spoken. hno:

 

[Dave007inVegas]

I guess we're just going to have to wait and see how bad it's going to get in Vegas. You're guess is 20-30%. Mine is 80%. If it ends between there that'll be enough to possibly present some value. When the leveraged players start blowing up I think you'll be shocked at how fast prices will fall.

I purchased a foreclosure here a few years ago that previously sold for more than double what I paid more than a decade prior. Kept my former house as a rental. I also bought a small rental late last year for pennies on the dollar. Las Vegas is a place I've wanted to have spot since I'll be able to spend more time there as I near retirement. The coming crash there will present a great opportunity.

Why use the WW2 timeframe? Crashes before then aren't part of what you consider history?

Dave, it has more to do with ignoring a forum dumbass than anything else. You're in Henderson, enjoy the ride lower.

[FONT=Verdana,Tahoma,Arial,Calibri,Geneva,sans-serif]If it happens it will only affect those looking to sell. Back in 02 I bought a
4 bedroom for 205k that included 20k of upgrades. Since then it's value has been
as high as 406k and as low as 160k. Currently 360k.

Eventually I'll die and my daughter will inherit it. It's all meaningless to me. [/FONT]

 

[michael777]

Dave,you will live a very very long time! God Bless you

 

[CaptainLee]

Dave I agree for those of us not using our homes at atm machines borrowing from equity that can vanish, rising prices only mean higher property taxes.

 

[Dave007inVegas]

Dave,you will live a very very long time! God Bless you

Your enthusiasm is overwhelming but sadly for me I'm not immortal.

Reality is lifes a bitch and then you die. Nothing more nothing less.

But I do plan on giving it hell till that day comes.

As we all should.

 

[CaptainLee]

Well, it seems tough times are here for Airbnb Inc., as a new headline has hit the wires on late Tuesday detailing how the company is expected to lay off up to a quarter of its workforce, or about 1,900 employees, two sources told Reuters.

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Employees that are affected by the cuts will receive four months of salary, "accelerated equity vesting, and health insurance for a year," one source said.
Another source said the official announcement has yet to be made, as staff members will be told about workforce reductions on Tuesday.
Reuters notes that the home rental startup suspended all its marketing activities to save $800 million in 2020 as the tourism industry has collapsed because of coronavirus lockdowns. The company has also said the founders will take no pay for six months, while executives will see a 50% reduction in salary.

 

[REDEYE]

Well, it seems tough times are here for Airbnb Inc., as a new headline has hit the wires on late Tuesday detailing how the company is expected to lay off up to a quarter of its workforce, or about 1,900 employees, two sources told Reuters.

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Employees that are affected by the cuts will receive four months of salary, "accelerated equity vesting, and health insurance for a year," one source said.
Another source said the official announcement has yet to be made, as staff members will be told about workforce reductions on Tuesday.
Reuters notes that the home rental startup suspended all its marketing activities to save $800 million in 2020 as the tourism industry has collapsed because of coronavirus lockdowns. The company has also said the founders will take no pay for six months, while executives will see a 50% reduction in salary.

Not the best news ..

 

[bodyforlife]

[FONT=Verdana,Tahoma,Arial,Calibri,Geneva,sans-serif]If it happens it will only affect those looking to sell. Back in 02 I bought a
4 bedroom for 205k that included 20k of upgrades. Since then it's value has been
as high as 406k and as low as 160k. Currently 360k.

Eventually I'll die and my daughter will inherit it. It's all meaningless to me. [/FONT]

My dad lived in Summerlin for roughly 7 years until 2006. He got dementia and we had to sell. We completely lucked out on the timing. He bought for $130,000 and ended up selling for $290,000. It was a time I don't see repeating In our lifetime. All sorts of leveraged loans and loans based on false income. Anyone that says it's easy to get a loan right now clearly hasn't gone through the lending process recently . My wife and I just put down 50% on a house in the Texas area and it was still like pulling teeth to get that loan. Same thing happened to a friend of mine with more consistent income than myself and my wife. Our biggest issue was the income was somewhat seasonal and the lender didn't like that. I've been hearing from people since roughly about 2014 that they were just waiting to time the real estate market. Ultimately it doesn't matter if our next recession sees drops of 20% to 25%, because the appreciation has been so much more than that since that time. And it's certainly been significant since 2008. Clearly a 20% to 25% drop for you is not going to come close to that low of $160,000. 80% is just stupid.