Average Las Vegas household needs to earn nearly $70,000 a year to afford rent
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- Опубліковано 15 лют 2024
- According to a recent Zillow report, the average Las Vegas household needs to earn nearly $70,000 a year just to afford rent. Channel 13's Abel Garcia talked with locals about the high cost of living.
Nothing has been the same since Covid. Work ethic, patience, crime, cost of living. You have to really hustle to make it today and stay strong out there.
Was it Covid or was it how the Democrats reacted..
Covid and George Floyd overdosing ruined the economy.
the flu i mean
It's both but COVID made life worse
@@zzizahacallar Cause and effect, Democrats made Covid worse.
The wages in Vegas don't support the rent prices!
Overvalued homes.investors flooding the market has placed a strain on inventory ....
They absolutely don't. I've had the same wage for the past 4 years.
I'm in Phoenix, 69 years old and still work.
Rents are determined by supply and demand. If people couldn't afford the rents, rents would drop.
@@joevarga5982 No, if you can't afford the rent you get evicted and the next tenant that moves in will likely pay even more than the previous due to greed.
In 2015 you could rent a 4 bedroom 2.5 bath house with a living room, dining room, eat in kitchen a family room, garage and backyard for $1500 a month.
Exactly today they are just unaffordable. People will start moving out ~ people don’t care if the working class can’t afford a decent place to live and even have a decent car to drive ~ Las Vegas will see a mass exodus this will just get worse. Before two jobs would help you today even with 4, jobs you can’t afford anything but pay the basics and no savings. People will either move or become homeless. Monopoly city but no monopoly wages…..
@@anthonymartinez4307 unfortunately similar situations seem to be happening everywhere.
Well that was almost a decade ago. People should move away when rent becomes ridiculous.
@@natashadickson4819 they did move, from a 4br to a 1br .
@@ebeb516 that’s the crazy part about it. This is happening in every city and state across the country.
When I moved to Las Vegas in the mid 90's it took us about a 2 weeks just to decide which place we wanted. There were so many affordable options. Times have changed.
Homes were $140,000 then.
Always look to be a buyer. Ther were 70k condos back in 2010. That was the tie to take advantage of the low cost.
Las Vegans have also received gas utility bills recently that are double what they were twelve months ago.
It's insane, I almost threw up when I saw the gas bill this month
@@Ms.MD7 😂😂😂😂 So did my friend. She was sick to her stomach for days!!
You are 100% correct, we all in the community ne to push back against this insanity
Truth 💯
My Southwest Gas bill has gone up!
I wouldn’t live in vegas for the sole reason that I don’t want to see my utilities bill in the summer
Wages in Las Vegas definitely will not support the ridiculous rent increases. It's definitely getting worse and worse as the years move on.
Do you know why they are actually raising the rent for? If you live in the ghetto where you have to share a washer and dryer or they have facilities, the rent is a little cheaper. But the rents are going sky high over a washer and dryer, and the microwave inside the apartment. Its nuts, and corporate America is buying everything to drive up the prices.
@@crystalsswtor3760 most places in Vegas have washer/dryer and microwave in the unit. Even in "the ghetto" as you put it.
@@chinaarlene7035 I lived in a place where there is no washer and dryer in the unit, and it is less rent, don't tell me every unit in this city has a washer and dryer in it because it doesn't
@@crystalsswtor3760 I said MOST, not all. Read it again.
@@chinaarlene7035 you know what Barbara piss off put me in front of a damn firing squad, I'm not perfect get the hell over it
Yep.This is ridiculous.Thanks to all them Hedge Funds-,and asset management firms who gobbled up real estate properties after the big 2008 real estate crash,and are still doing so.When I moved to Last Vegas in 2007 I paid $675 in rent for a 1 bedroom apartment in Summerlin.That same 1 bedroom apartment is going for $1600 a month today. I was looking to buy a house,and was outbid by a cash paying hedge fund firm which paid $283,000 cash for it.That same house was sold 4 years ago for $488,000.Thank you very much Hedge Funds.SOB's.
🤣
AmericanHomes4rent, Blackrock, Zillow and who else were the main home buyers in the past 8 years?
Tells us everything we need to know what, why, where, who, when.
@poolmonkey7479 is it funny to you?
The MSM is laughing in our faces when they refer to us as a democracy when they know dang well we're an oligarchy or certainly trending that way. With Ronald Reagan's destruction of unions (with our blessing), trickle down economics (with our blessing), and Scotus's Citizen's United decision which legalized bribery of our politicians why should we be surprised we're seeing this kibd of pain without any real solutions taking root?
I left Vegas in 2011 and I could have picked up a house in Centenially Hills for $85k. They go for 500k now....no way they are worth it.
Bro, I pay $32,400 a year for rent, i need to move.
I moved and my house payment and utilities is about 2600 a month, and I live I a very nice part of town. My cost of living is down and my pay and benefits are up.
It’s only going to get worse.
Find a place to move to, and you won’t regret it.
Damn bro that’s a new a car every year 😮
Damn right...the highest rent in Indiana is 1000. So move here and stack money and work in Chicago ❤❤❤❤
@@vashtikelly6837nobody wants to live in that shit hole
No stay where you at cause you will probably vote Biden again and cause prices to jump here you move to, especially to red states
Join the crowd-I live in AZ and 2 years ago an average household income had to be 72k. January last year now the same news report shows you need $90k per household to make it. Almost a 30% increase in 2 years.
That is more accurate. Has much of the housing sales gone to big real-estate investment corporations, or individual buyers in your part of AZ?
How fast has building supply kept up with growth of your area? What new build residential development bracket has had the most construction? Which has had the least?
There we can see the problem 👈👉supply is not meeting demand and what exists is being out bought by major corporate interests. Cash offers with $10,000's offered over askkng price by deep pockets and no cost-of-living rental caps locally,
the American dream is sold off to leave those without, out on the parking lot of society.
I agree, all of the people that moved from California and Washington are to blame. They are driving up home prices.
Yes!! This news push rent hiked 1.9% is a Bold Lie!!
look at how many large corporation real estate investors have bought up entire housing developments @@letsgobrandon911
Blame the liberals from California causing prices to sky Rocket everywhere that was much cheaper while still voting a liberal in smh
Nevada ranks second after California with the highest grocery prices within the United States.
Not surprised. Nothing can be grown or ranched nearby. It takes more fuel to deliver there.
The Rents are starting to get crazy expensive.
I'm genuinely shocked. I found the grocery prices in Florida to be far worse than California....
Is Hawaii in the U.S.?
@@user-dw1ls3rp1l Not surprised by an INACCURATE statement? Hawaii/Alaska, has and always will be the top two highest cost of groceries simply because of geography. Any "study" that shows otherwise is FLAWED and BIASED. Nevada has traditionally been "cheap" because of the freight train/trucking system as the gateway to/from the West.
Las Vegas is becoming LA.
And becoming L.A. rapidly.
I lived in the LA area for 40 years and trust me, Vegas has a ways to go before being compared directly to that city. Traffic, housing/rental costs, crime, pro-tenant legal system, homelessness......Sorry but Vegas isn't close at this point to being in LA's orbit.
Florida ~ outrageous home prices outrageous car insurance and outrageous low wages. There’s going to be a major problem watch.
When groceries and rents are already the same and car insurance in Las Vegas is way past California ~ you are not a long way you are there and it’s unfolding in your sight. In LA everyone makes way over 105,k here in this city their high is 70k so yes it’s already worse than LA ~
@@anthonymartinez4307lmao average salary in Los Angeles is $45K
When I first moved to Vegas in 2017, I was renting a 2 bd in Centennial for $775 and was making $43K. I was living comfortably on that amount. Now? Forget it! $43K is poverty wages now and it's crazy how fast that got where living comfortably at $43K feels like a distant memory.
Should’ve stacked up and bought a crib
Toxic @@MrTrapaholic33
I remember when Vegas was the cheap place to move to. Lol
It was so cheap when I lived there in 2011
Facts! On my way out of Nevada now because of this.
What place is affordable
Mississippi, Memphis, cow towns down south...Detroit up north...@@fernyv4368
@@fernyv4368 Chile in South America
@hangingwiththegrlz4891 😂😂😂
@@hangingwiththegrlz4891Nice! Good luck
That explains the HUGE homeless population in LV.
The homeless people aren't from here. They are from out of state, junkies, and have mental problems.
That's gambling and drugs
@@andrewst3302 some maybe not all. I personally know people working and living in their car.
Well rest assured all the illegals are getting food stamps and section 8 housing.
@@andrewst3302 when you confess to knowing no homeless people, but know all about them.
This is RIDICULOUS. IT SHOULD NOT BE THIS WAY. RENTS IN LAS VEGAS USED TO BE VERY AFFORDABLE.
As she stated ... $500- 600 -and you had a fairly decent place to live.
THIS IS WHAT HAPPENS... THEY " CALIFORNIA- IZED LAS VEGAS ! " THE KEY WORD is : used to be " AFFORDABLE. NO REASON FOR THIS GOUGING AND GREED. ...THATS WHAT IT IS.PLAIN AND SIMPLE.
SHAMEFUL.
Money or die..
Try paying the mortgage. Doesn't make sense to lower rent if you're losing money and can't afford to subsidize people.
Not running a charity.
You're not even the fart. Remember that.
Did YOU move here from TX?
Facts a few years ago 2 bedroom in summerlin was 1000.
2014 1 bed room $750 in new apartments in Centennial Hills in Vegas now $1600 is crazy
My concern is people running up their debt and defaulting on car notes.
I think we're heading towards record repossessions.
It's just ridiculous.
They could use a little Dave Ramsey in their lives?
Las Vegas is going to look like Oakland if they keep this shit up
ITS TIME TO SMASH AND GRAB THE CASINO CHIPS
That's what they want.
@YedolfWesler who is they? Important to identify those pricing average citizens out of their own neighborhoods. Look to who owns the largest residential real-estate investment corporations buying up supply here and then you will know who were up against.
time to bring it down again by tears for fears 1993@@MajICReiki
Exactly!!
In 1993 we paid 450 a month for 2 bedroom with pools and tennis. It was on Karen and Maryland Pkwy behind Smiths. Oh how times have changed. ✌
Trash area now
5% rent raise compounded over 31 years comes to about $2042 and averaging out with market rate. Its reasonable when you look at the numbers. Rent control is 3%
@@UpUpDnDnLtRtLtRtBAStart
You're assuming that wages go up with it. Properties that aren't filled, lose money everyday when nobody's renting from it
@Steve-wz6ef ...AND, A LOT of Properties in Las Vegas are Older. Abd really have NOT seen a TON of " Improvements" over a period of YEARS. Thats Fact.
... SO, IT IS ILLEGAL IN MANY STATES ,to raise RENTS " just because you want to ", IT IS NIT ALLOWED...WITHOUT PROVING WHY, OR SHOWING THE REASON for a Rent Increase.. AND THAT IS HOW IT SHOULD BE.
" AUTOMATIC " RENT INCREASES ONLY BENEFIT PROPERTY OWNERS.,SHOULD BE ILLEGAL. When it's THE SAME PROPERTY, NO IMPROVEMENTS MADE, ETC. TOTALLY OUTRAGEOUS, AND WRONG.
Crazy that prices are different after 30 years 😂
its the same here in Perth western australia, my rent has gone up 72% in 3 years.
Geeeesh 😢
Not Perth! Man I used to live Perth
I looked into Australia market, same type 5 residential investment corporations that own the top new development companies are the same buying up housing supply in Las Vegas, NV.
I find that fascinating!
But still in Japan places are as cheap as chips. They don’t even know there’s a housing crisis in the world. I live here. I’m serious Their interest rates have not gone up once. Population decreasing. No immigration at all. Low inflation compared to everywhere
Perth is a cool place, but that’s wild!
1500 a month for a 1bd in NLV this is getting out of control.
I pay 1600 in Virginia beach which is nooooooooo where near as nice as vegas.
lmao that sounds like sanfrancisco
Have you ever been to Vegas. It’s a complete wasteland other than the strip.
@@devengudinas1649 im from vegas. The strip is the waste land. Summerlin is nice, and henderson and there are new developments near ann road and other places. But the cali criminals are starting to move there and destroy it. The mayor and governor are trying to turn vegas into little compton
@@AP90x Better than your trailer park, enbred
We need some sort of rent control...but our elected officials are too cowardly to do anything about it. Shame on them!
If rent control is implemented, landlords will not rent their homes, causing shortage of homes to be rented, causing rent prices to soar due to more demand and less supply. Landlords don't want to be told how to rent their homes. Be careful what you wish for. Anytime the government intervenes, things turn to crap.
Why should there be rent control?
Rent control creates slums. I had to leave SF when rents went up too high. Why should I subsidize people when I can barely pay the mortgage?
rent control would cause the price of housing to go up, the supply of housing to stop growing, and would increase the cost of everything else in the area. Economists have known this for decades. The solution is more housing being built to increase supply.
Go hike to CA for your "rent control"
Im not a fan of it because Im so use to having my own but too many ppl asking me to be a roommate because of the price of renting
1600 for a 1 bedroom in Vegas? 😮
At the price you might as well move to a none desert state. The only reason why people moved there was cheap rent. The majority of California people bought homes so the rent had no reason to shoot thru the galaxy. Worse they are old outdated places ~ if you stay there your water will be like a second mortgage they are using your drinking water fo lithium.
2 years ago I had a 1 bed in what at that time was considered the coolest apt complexin vegas for just 1400 lol I guarantee that same floor plan is 1850-2000 now
Shiiiiii thats actually low in these times!!! Come to California and you'll pay 22-2300 for a 1 bedroom and that's if you lucky to find one at that price lol 😂😂😂😂
Vegas will be the next Oakland soon. They’ve already moved the teams.
I Say: Estados Destruidos de Norteamerica. 😮
It’s already grimy this guy thinks everything is going well? The crime is going to be insane and just not worth living there. I bet they will end up like 2008 empty houses empty apartments and No employees. This state did its locals dirty. Watch when the mass layoffs hit? Vegas thinks it’s all high and mighty the higher you climb the harder the fall.
😂😂😂😅
Funny, except Las Vegas has money, Oakland dont
LOL....(DRUM SNARE)
Thank you Samuel for sharing
My wife has a well paying job, and I have had 3 jobs at one time just to keep life moving with our two kids. It's ridiculous. I have lived here since 1999 when my grandparents moved here. It is not right. So because of the sports teams, "supply and demand", and "job opportunities", yeah... goodbye locals, hello Californians and already rich folk. Inflation, and weak jobs.
Where do you suppose people came to California from first? It's just shifting back.
Y didn’t yall buy a house then? My parents came here 20 years ago with nothing and now they own 4 houses. Did I mention that they didn’t and still don’t speak english
@MrTrapaholic33 My grandparents did buy 3 houses. My mother had a condition and was on disability and mever purchased one. Now, with my family of 4 and the cost of everything, staying in our 2-bedroom apartment makes sense for now. I will be with the fire department soon, and that will all change!
@rangledangle3371 It's not an issue with me. All the stadiums and sports, we are a tourist city. My main complaint would be to have better schools and assistance programs. California gun laws and most laws need to stay where they are. Nevada is a mixed state, and Las Vegas is a very blended city. Northern Nevada is much different, and we enjoy the variety we get here... however, I must say it could be a better place.
I remember when everyone was heading out there cause it was cheap.
Not supply and demand you make it harder for people to be able to get a rental property. They have to have an excellent credit they have to earn three times the amount for rent they have to put down a ridiculous security deposit first and last month's rent. Plus all the utilities in miscellaneous fees that are put into these apartment complexes and you only want to pay entry-level workers $11.25 an hour send taxes have to be withdrawn from their check they're making about nine dollars and fifty cents an hour
Entry level jobs are for teenagers living at home, maybe that's the problem....
@@Deltron6060 teens are not the problem 😂😂😂
@@MajICReiki they probably meant the fact that adults are relying on jobs, originally made for teens and young unskilled workers, to pay for shelter and support their families.
That guy is on cocaine.
@@Deltron6060 you don't seem to realize not everyone can afford to go to college and learn a trade, and some people are disabled and can't work and obviously our society just wants to turn a blind eye to that for money.
70,000 dollars a year isn't enough to live out here in Las Vegas, Nv
Yes it is. You Have horrible money management. I know people living there making 45k and living well
Yes it is. Shit, I only $33k last year and I wasn’t really even budgeting. Granted I have a paid off car and $600 mortgage.
I was in Vegas in 2017 and I was talking to a girl that worked at the food court outside of Ballys. I asked her how much was the average cost of living and she said she paid $700 for her rent. Crazy to see how it’s doubled in 6-7 yrs
1600 is for an older complex without many amenities. And that’s just base rent. Now add utilities and BS fees from the apartment complex and he’s at 2100 before he spends a dime on a car or food. Then look at how much the “nice” apartment complexes cost…
Old outdated motels turned apartments people are seriously getting hustled. Move it ain’t the affordable city it once was. Those sports teams did not bring better jobs they only raised your rent and outsourced you. Let those teams come serve the tourists lol ~ get out before you become homeless.
Might as well live in Los Angeles
…….My rent in L.A. was $4,650 a month. A larger, newer, NICER place here in Las Vegas costs me HALF that!
I mean, $4650 in Vegas gets you a mini-mansion....@@eddieg6436
@@eddieg6436go home.
@@deserttree8668 …..Nah, I’m in the process of buying a house with a pool, 3 car garage, and RETIRING EARLY!!! Thanks cheap Las Vegas prices! (and taxes) 👍👍👍😁😁
Have you seen the traffic in Los Angeles lately? Looks like a parking lot compared to traffic in Vegas.
The realtor said that rent will go up and then go down as if he was describing gas prices.
😂
This should convince more people to join their families to survive and grow and encourage more marriages and living below your means. Everyone wants to be single and have their own home that it’s almost unaffordable for most. Y’all better take notes from foreigners and live together and share and split the bills to get ahead
Yeah and jts over for my aspie ass
The California invasion I called it. Soon casinos will run out of worker's
Im guessing the Casinos pay like crap, which I didnt know.
It's true california invaded
No they won't. That's why they let millions of illegals in.
If you have a union job in a casino it pays very good. We just signed a new contract and by the end of 5 years I'll be making almost 30 an hour. I won't say what my mortgage is, other than dirt cheap. Best of luck to everyone!
Casino wages are crap with a coupe of exceptions. Union jobs and tipped jobs ( card dealer, bar tenders - probably union, cocktail waitresses, car valet parkers, etc.)@@carpelunam
Too many people moving into this area. Far too many people. For what? Has Las Vegas diversified their economic base? They've simply added more "hospitality" jobs by adding professional sports teams...an ego trip for those who shape Las Vegas' future. Along with the California influx comes the tremendous increase in crime and traffic. I used to live in a nice area which began seeing graffiti marked by California gangs!!! WTH? We used to be able to drive across town in any direction within 15-20 minutes. What's it taking now? I've dithered about moving because of a limited retirement income but no longer. I've set a plan in place to get out.
Where are these hoodlums coming from.i hear about Kia always getting stolen.when I lived in luxury apartment in summerlin some low life was always trying to get into building or smashing car windows.desperation is real in vegas.we had a police dept in q town in illinois
My husband's an ex officer
Man, I live 5 miles from work and it used to take me about 10 minutes, only because I had to wait for a few lights to turn into the airport. Now it takes about 30 freaking minutes! It’s crazy! Friday, it took 45 minutes for 5 doggone miles!
blame the greed of all landlords ,im sure some whom bought their houses say 20 yrs ago paid way less than the house prices now have mostly paid off most of their mortgages but are slowly increasing rent to what it is now . how are ppl supposed to survive if rent keeps increasing every yr
There are 5 major landlords to blame, none of them are Mom and Pop owners.
Can you name them?
Nah blame your self for your lack of income. Its not the landlords fault you are pitiful
Crazy. I’m in a 5 bedroom house in Kansas. Mortgage payment $2540 per month
In Hawaii, you need $120,000 to live moderately. Don't believe me? Look it up.
In the future when you make a statement like that.
Don't say "look it up "
Instead, just attach a link to your source of information
That way people will take you seriously
@@andrewst3302 When I try to post a link on a comment, it won't let me post it.
Here's a secret, nobody gives a shitwhat it costs to live in Hawaii. Islands are always expensive.
What does that have to do with this vegas story
@@Deltron6060looks like that clown does not know Hawaii is an island
Since when does rent go down? I've only seen it go up in FL. It was $850 10 years ago for a 1 BR. Now it's $1600. It doesn't go down cause they make more money by having high prices with one third of the units occupied.
I remember the housing crash in Vegas in 2008 where a $330,000 home dropped to $85,000 and you can't get people to rent a 3 bedrooms house for $1,500 much less renting an one room appartment for $1,600.
There's going to be another horrible crash coming. Greedy corporate artificial inflation will ruin society.
Not really. 2008 happened because banks where giving out mortgages to people who couldn't afford it. Not the case now.
The car repo's are already in play.
@@alextogo8367 It's coming. You have ppl who earns 6 figures that are I'm foreclosure. A lot of job losses recently happened too. A lot of ppl are living paycheck to paycheck.
💯
They add water trash gas electric etc so it's more like over $2000
Wow! Thank you for this video. It's similar here in ATL.
Actually if you live under a bridge that could save you more money
Like a car
Yeah, well I saved money with Geico Insurance.. we all have our ways.
Is where I drew some blood. Under the bridge downtown!🎶
Vegas needs to start building more affordable houses and rentals. Where are all these hospitality, civil service workers etc suppose to live. Without housing you have no workers for all the hotels, sporting and concert venues. They can not afford these outrageous home that retirees are buying. The only reason my friend has a home there in a great neighborhoods is because she got it 20yrs ago.
I don’t think they care. They will just replace anyone that can’t afford it with illegals.
I see the traffic out here is pretty hectic compared to pre covid. Too many people here now.....and I am locals.
Instead they want to bring the A’s and use that 380 million for a BS stadium
Thanks, California!
Las Vegas might as well be in California, not in Nevada. 😡😡
United 2 states... its not 1 team..
It’s not just California people moving here now from all over
Everyone can express their thoughts, and I understand. However, I spent 30 yrs watching LV change to become the "annexation of California." Raiders sealed the deal.
brother you need help youve lost the plot@@fernyv4368
@@RasiRobimoron. Every 4th license plate is California. Not tourists but at homes at apts
Barely can afford in California with california wages. No imagine trying to survive on Nevada Wages
It’s worse, companies will NOT pay a livable wage. I’ve been around Las Vegas, North Las Vegas, and in Henderson NV. People are struggling hard put here…..NOT me thoo!!
Nevada thinks paying Arizona and West Virginia wages can get you by. Lol the thin line between surviving and becoming homeless is thin. Not sure how people will survive but it’s definitely going to hit Vegas hard when they can’t find people to continue being slaves.
Get this. Moved here in 1988. East Charleston blvd. 1 bdrm ..$375 a month...with free Apollo cable. Water and sewer included. Covered parking with locking chains. Racquetball basketball volleyball courts. Grass everywhere. Front office hosted monthly free BBQs or a continental breakfast. Complex rented one side for singles/couples. The other side for families. Each side had their own pool. $8 an hour could get you this.. and a nice used car. Only 600k people living here. With a fast growing population comes big city issues...especially the California greed and crime. It's only gonna get worse ...1st for have nots...then it will trickle upward
Miss those days 😢80s
Correct. 99 paid 675, 2 bedroom, 2 roommates and could afford to save for college working 2 jobs in the summer, 1 full-time year round.
LV hired an absentee Governor who took the job to network real-estate policies for his wife's busines, not for the voters and citizens.
Yep, I moved here in 91 and paid 315 mo. for my 1bd. Apt. on E.Charleston😂
The real question is, are u guys still renting?
@@MrTrapaholic33 I'm not. My house is paid for now. I just see the living hell renters are experiencing nowadays.
BAN Airbnb NOW
Ban Large investor corporations buying up homes like they're the DeBeers of real-estate!!
Time for rent control.
You can take that attitude back to Cali. Rents are based on what the market will bear. 70K is not that much. If you can't make it, you should've got an education or thought about having kids when you had no business in the first place.
@@johnzizzo3976 The market here can't bear it though. The salaries are not commensurate with rent prices.
You realize that teachers can hold 1-2 degrees & still don't make that much? It's not a matter of being 'educated', it's about a lack of good paying jobs, even for educated folks. @@johnzizzo3976
@@johnzizzo3976looks like a boomer with property already paid off , not all of us had that opportunity, and you can’t tell me to go back to cali because I already did :) I can actually afford to rent out here jobs pay way better than that wasteland called Las Vegas
@@johnnyruiz6917Tell that to the average American, that’s how a crash happens and more people on the street.
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It's to expensive out here.
Shit's going to become the new San Francisco
Las Vegas wages and annual incomes are nowhere near S.F. or even L.A./San Diego level. Too many retirees. Outside of the casinos and tourism, there's no other real industries in the city to raise property values to S.F. levels, thankfully!
I can remember renting a 3bdrm, 2 bath brand new apt on Torrey Pines for $695 a month
1980 ?
@@irisbaez1972 naw my brother used to rent off torrey pines for like 800 in like 2008
You renting out.. is bulshit.. you want more money... maybe the renter.. bar up the window and windows with these price
Windows and doors
calm down grandpa, your not making sense@@fernyv4368
As they say rent never goes down. The reason they increase rent is greed. Them same office people don't make any extra money after them increases
Blame the governor this has been coming for a long time and he has done nothing nothing nothing nothing
How is his wife making out in this market?
Has anyone seen Lombardo since he was elected?
It’s going to get worse wait till the layoffs hit. Las Vegas getting rich folks but the working class will have to move out let’s see who serves their asses?
Ain't seen the governor since he basically forced that new baseball stadium through. Other than that he's been a lame duck or practically M.I.A
Weak unions, lack of pensions, low wages...people need to get organized. Shut this town down if they don't pay enough to live here.
Don't rely on the government to subsidize your employer by making up the difference between what they pay and what it costs to live here.
Do Republicans want to get rid of Unions or Organized?
A good friend of mine who had a great evaluation at work got a 7 cents raise ! His rent went up 550 Dollars from 2023 to 2024 !!
I had a friend who received a $.50 raise, his rent was raised $1000 from 2021-2023 for a roach box of a townhouse in the Henderson hood, with a broken window, that hadn't been replaced in 5 years, zero upgrades, leaks in upstairs bathroom with the floor sagging, through 3 changes of owners for the whole development complex.
And the Federal Minimum wage used by 30 States has been stuck at $7.25 for 15 years.
@cbeaucrawford and before that raise to 7.25, the minimum wage was already below minimum required for a livable wage.
Minimum wage is a death wage.
Renting save renter 50%. Buying a home cost $3500 per month including mortgage payments, property taxes, HOA fees, homeowners insurance.
@@Mollygurl29 own a home included utility and food cost $5000 per month. House whole have to make $100k a can afford a home not $70k a year.
You literally have to make 100,000 to afford a mortgage.
Save 900 by not buying into an HOA
@@Mollygurl29they’re needed in this city because the neighborhoods without them look like garbage.
How did you compute your "home cost" to be $3,500/month?
We need RENT CONTROL!!!
Aren't there affordable housing lotteries in Las Vegas? I know they have them in NYC and other big cities.
@@mjg239 lottery? Don't even know what that is lol they do have low income housing and housing voucher for those who qualify
IDIOT...then there is no incentive to build new rental properties...
My uncle started Metro back in '73. And I really wish we gave back to the locals that have been the backbone here for as long as we have done so. Unfortunately I think it will need to be a mass Exodus in order for us to get back to some normalcy if that is even on the table anymore. California has truly stained Nevada
Same thing in Florida $2000 for a one bedroom
Don't they understand that this is a nationwide problem. Why aren't officials doing anything??? Not everyone is rich or is a doctor smh. People with regular paying jobs should be able to afford a place to live! Even if you make $20 an hr, that's 38,000 a year. That person deserves a roof over their head.
You will own nothing and be happy. All part of the plan. Search it on YT.
WTF!!!happened Las Vegas?I left 5 years ago, was renting a 3bed/2bth house for 7 years 2011-2018 @ $700/mo.
I'll have to reconsider of moving back there with those ridiculously high rental rates.Renting a room is definitely a big NO.....
I guess living in my car would be an option 😰😰😰
You will never get $700 rent again! We pay for our daughters studio while she’s at UNLV and it’s $1500 a month>
@@truckingwithtobee may I ask why she doesn't live in the dorms? My daughter graduates next year and will be attending UNLV and I wanted her to experience dorm life.
The same thing that happened everywhere, plandemic
@@chinaarlene7035Las Vegas, are dorms safer than studios near Maryland Pkwy and Tropicana or Flamingo? 🤔
@@MajICReiki since the dorms are on campus I would assume much safer than the studios/apartments in that areas. Lots of drug users and prostitution over there.
Gangs from California live their 😢😢.. I left back to the east coast last year.
No gangs on the east coast huh 😂
Genius
Vegas still doesn’t compare to California-style prices in rent, groceries, utilities, etc!
Valhalla~ yes it does, here let me show you~ car insurance in Nevada is the highest it’s just like Michigan. The rents and homes are already 400~480,000,00 except your California 70k poverty level is the high in Nevada 70k is their highest. So in order to claim your ok with Nevada rents you would need at least 105,000,00 annual to pay comfortably and save that’s if you don’t get in debt buying their 200,000,00 dollar home for 400,000,00 ~ the horror has just begun.
The goal is to price people out of their homes and vehicles. You can then rent the America dream, at least what's left of it.
Don't worry. Help is not on the way. BUT
Millions of more migrants are on the way.
Be like a migrant... remove the citizenship.
Tell your political party to solve it then. Hate to break it to you but Republicans aren't gonna do anything about it. It's a political talking point, that's all.
Messicans sux
Yep 👍🏽 😢
Don't blame migrants. Blame the blood suckling Ukrainians
I 💬🤔 though about killing my self in that small apartment struggling to pay bills seek help never committed suicide Amen 🌍💙 God bless all during this hard times
❤❤❤❤ don't you dare think this way
@@chinaarlene7035 I am in a better place now I got put on some heart ❤️ medicine 💊 call jardance a i seen a commercial on T.V. this medicine makes you suicidal side effects a read the medicine something for blood pressure changed my way of thinking Facts 💯
@@chinaarlene7035why? He didn't ask for any of this, none of us did
This whole problem would be solved if they passed a federal law that banned foreign investment and corporate investment in single family homes.
Yeah but that would be abd for the economy
The price gouging gets you plebs working harder
Lol
Zillow bought alot of the big apartment complexes here in 2021 and jacked my rent up 43%!
I told them to stick it
I used to live in vegas when I was 22 and was renting a nice 2 bedroom apartment for 1000 a month and my roomate was paying 450 dollars a month. 550 wasn't bad. Still had enough money left over every month to go out and party and have fun. I don't live in vegas anymore but I won't go back. It's changed a lot. Homeless people everywhere a lot more ghetto areas. And the strip is horrible. It's always been overpriced for tourists but now it's at the point where it's hilariously over priced.
I agree, not ever going back
Good job opportunities alright. That's IF they don't lay you off. Why I've left after 15 yrs
They have great opportunities ( Uber and taxi) like that pays above 30,000 dollars annually even if you work all year with no days off.
Same as in Nashville, TN
Happening in Miami. HOMELESSNESSES EVERYWHERE‼️‼️‼️‼️
I checked out a new complex being built near Rainbow and Warm Springs. A basic studio started at $1,700/month.
Regarding established (used) properties, a lot of this is due to investors so desperate to buy commercial residential real estate (apartments) that they pay too much and have to pass that on to the tenants to make a profit. About new properties, well, NEW always costs more / too much for the average person.
California = Las Vegas !
They tryna move out the locals. Some okay apartments for $1200/$1300. But yeah, really should be $800 max.
In Sydney average house is 1.6 million for a dump . 15.5 x to buy a house . Rent is like 750 a week for house units are 550 a week
They should lower the rent each year 1.9% for tenants that pay on-time.
Why?
You don't get special privileges for doing what you're supposed to do.
You want a trophy for wiping your ass too 🎤
It's been expensive but what are we going to do to solve it.
Learn more skills, earn more money.
@ojaslayer That's still not going to change the fact that everything is still getting more and more expensive and learning new skills also costs money aswell in which alot of people don't have and most people don't even qualify for loan's especially with these high interest rates.
@@Deltron6060become Blackrock and take all of the houses! ❤🎉
@@Mohammad5025That dude is a troll bro. He's under everyone's comment saying the same shvt. He probably works for them
The reason they can charge so much is because 3-4 families end up living in one house, splitting the rent. In Los Angels, if you drive through the ghetto where houses are 2000 a month, you see like 6-8 cars per house, the streets are flooded with cars, no parking anywhere.
In 2018-19 I was renting a 2 bed 2 bath for just under $900 off desert inn and pecos
Look Rent Control across our Las Vegas Valley
It's Time for Rent Control
Look west. That's worked SO well in CA.
A $1k rental in 2019 became $1400+ in 2021 due to endless money printing. A 40% drop in monetary value in 18 months alone.
@@bruceh4180just because CA failed at something means it is a warning of how Not to do rent controlled 😅
@@MajICReiki nyc has failed miserably with it too. nobody builds bc it's not worth it. nobody leaves cheap apartments so people either pay super cheap rate or crazy high rates and nothing in-between.
@tommyfu9271 the people in charge seem to not comprehend economics of a city or civilization in general, or how Maslow's hierarchy of needs fits into anything, ot they 👉 Don't Care 👈
The Mayor of LV said she wanted the homeless to organize and tell her their solutions to the homeless problem, like they're in a union or some ish. She's as ghetto-mob-rich affluenza boozer as they come. Haven't heard much of her since that town hall phone call.
Average you say? What about the median?
the real number
I remember in 2008 when the market crash you could get a 5,000 sq ft home for 300k with a pool. Shoot you could buy a regular house for 100k when the market crashed. Now everything is even more the the Bubble in 2008. Those houses now are a million dollars when in 2008 they where 300k to 400k for a mansion. I grew up in Vegas when I was a kid. I remember we bought a house in the 90s and it was cheaper then the 90s when the market crash. Man there was so many good deals. Not anymore. It’s crazy now.
Zillow and Blackstone are the reason why we're are in this situation. People don't know Zillow is a private investor.
That property is a liar lol there is a plethora of available housing and rent is still outrageous!
He's a crook
@@chinaarlene7035 right! He’s not for the ppl
What price range is new housing available?
Thank your parents and grandparents for selling their homes.
Who bought their homes?
how entitled do you have to be to be a grown adults who think mommy and daddy owe you a house
This is accurately portraying the housing market. After being repeatedly turned away for over 6 years. Finally we've found a room to rent. It costs me 2100 just to get in the door. My rent is 800 a month plus utilities.
Aren't there affordable housing lotteries in Las Vegas? I know they have them in NYC and other big cities.
You want growth. You want to be the sports mecca. It's gonna cost ya. Should have just said no to certain things. But, money rules right?
How many millions were LV taxpayers supposed to front for the Basball team?
I'm sacrificing myself and have become homeless with a full time job and save my money to move to more affordable state, definitely Joe Lombardo will be a one term governor the people of Nevada will elect a governor for the people of Nevada and bring in legislation a bill that will stop out of state Corporate real estate agencies from buying out apartments and homes so that the hard working Nevadens can save more of their hard earned money rather than be in slave to pay higher rent
It’s happening everywhere. 1600 for my apartment in Austin.
You All can thank Joe Biden we didn't have any of this shit when Trump was President and in my eyes trump is president now.
Presidents don’t control the economy.
How does Biden control rent prices in Las Vegas?
maybe you should open your eyes!
@@terryleonard2 LOL! Anyone who don’t see the problem now are blind. You need to stop watching the mainstream media fake news (CNN, MSNBC, CNBC, ABC, CBS). We are paying double for everything, including current mortgage interest rate @ 6.7% (30 yrs.) versus 2.5% (Jan. 2021) during Trump. Plus over 6 millions of illegals pouring into our country including cartels, terrorist, gang/rapist & child trafficking. But here you are clueless…🤷🏻♂️
@@terryleonard2 People needs to get their heads out of the sand, so they can see. Americans had been paying double for almost everything or higher, since the middle of 2021. Not to mention current mortgage rates @ 6.7% (3/2024) vs. 3.15% (1/2021)….🤷🏻♂️
..I had a beautiful condo with a garage in a gated community one block from the mountains, in the Lone Mountain neighborhood back in 2011-2013...$650/mo.
Black stone and black rock just bought 50,000 single family homes meant for Americans like you and I. Inventory is being manipulated. The Housing supply and demand system is broken.
My rent went up $600 after Covid in Massachusetts....thank god I was able to purchase a home
Thank you Gavin Newsom!! 😀👉🖕
Governor Lombardo is the real-estate policy negotiator for his wife.