French Workbench

French Workbench

By French WorkbenchBusiness
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French Workbench episodes

  • Flipping Las Vegas With We Buy Ugly Homes Flipper & Housing Market Update
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 34 min
  • Ep# 40 French Workbench- More Households Paid Their Rent and Mortgage in Q2 2021
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    “The lease to buy option is not very popular yet due to the complex nature of the set-up,” Sah says.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An
    1 hr 37 min
  • Nevada's Water Shortage impacts The Vegas Housing Market- Bronson Mack Las Vegas Water Authority.
    Bronson Mack
    Las Vegas Water Authority
    702-249-5518
    https://youtu.be/Wi-W5hcRN4E
    Here is Link to our website:
    https://www.snwa.com
    Here is a link to SNWA’s Water Smarts podcast
    https://www.snwa.com/about/water-smarts-podcast/index.html
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 31 min
  • Eviction Moratorium Ending And Shortage of Housing Doesn't Stop Investors Buying Rentals in Vegas
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 18 min
  • Ep#37 French Workbench- Housing inventory slowly comes back as frenzy to buy fades
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    “There is more institutional capital (Private equity funds such as Blackstone) flowing into such asset types now as opposed to mom and pop landlords, which were the traditional owners for such rentals,” Dr. Vivek Sah, director of UNLV’s Lied Real Estate Institute, said via email. “Such funds/institutions have a bigger appetite and hence have been purchasing in bulk especially in cities that have younger demographics and growing population (due to large in-migration like in LV MSA).
    Last week, Blackstone, the company that has been buying the land beneath MGM properties and leasing the operation back to the gaming company, announced it’s spending $6 billion to acquire a company that offers rent-to-own single family homes.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 12 min
  • Ep#36 French Workbench-Banks Not On Strike In Las Vegas Housing Market
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    “There is more institutional capital (Private equity funds such as Blackstone) flowing into such asset types now as opposed to mom and pop landlords, which were the traditional owners for such rentals,” Dr. Vivek Sah, director of UNLV’s Lied Real Estate Institute, said via email. “Such funds/institutions have a bigger appetite and hence have been purchasing in bulk especially in cities that have younger demographics and growing population (due to large in-migration like in LV MSA).
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 29 min
  • Ep#35 French Workbench- This is the city with the most expensive rental market & Housing Inflation
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    This is the city with the most expensive rental market in the U.S. & Las Vegas Housing Inflation
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 52 min
  • Ep#34 French Workbench- Home sales are beginning to stall as buyers hit their limit
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 22 min
  • Ep#33 French Workbench-Against All Odds, Las Vegas Housing Market Defies Experts
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    Southern Nevada’s housing market, rumored to be on the brink of collapse since it began recovering in earnest from the crash of 2007, is among the upstarts of the pandemic economy, which has seemed disconnected from reality at times, with record stock market and real estate gains starkly contrasted against a backdrop of widespread financial and emotional despair.
    In September 2020, real estate analyst CoreLogic predicted with 70 percent certainty that home prices in Southern Nevada would fall by 7.8 percent by July 2021.
    What seemed like a sure bet proved to be a fool’s wager.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    “Their crystal ball works about as well as everyone else’s,” says Martinez. “If it were a science, Wall Street would be making a gazillion dollars.”
    Investors, he says, are wagering that Southern Nevada’s housing prices are for real and the market is nearing a tipping point.
    “There is more institutional capital (Private equity funds such as Blackstone) flowing into such asset types now as opposed to mom and pop landlords, which were the traditional owners for such rentals,” Dr. Vivek Sah, director of UNLV’s Lied Real Estate Institute, said via email. “Such funds/institutions have a bigger appetite and hence have been purchasing in bulk especially in cities that have younger demographics and growing population (due to large in-migration like in LV MSA).
    Last week, Blackstone, the company that has been buying the land beneath MGM properties and leasing the operation back to the gaming company, announced it’s spending $6 billion to acquire a company that offers rent-to-own single family homes.
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 25 min
  • Ep#32 French Workbench- Best Places To Live In Las Vegas For Families & Builder Hot Spots
    Las Vegas, dubbed the riskiest housing market in the nation less than a year ago by real estate analyst CoreLogic, is on track to price the working class out of the market by the end of the year, says Las Vegas Realtors president Aldo Martinez, and Wall Street is scrambling to scoop up the rentals would-be buyers will be forced to lease.
    The median price of a home — $385,000 — has increased more than 14 percent since CoreLogic deemed Las Vegas the riskiest market in America.
    The company did not respond to questions submitted by the Current.
    The median price of a single family home was $295,000 in August 2020. It’s increased $90,000 in less than a year.
    “By the end of year we’ll be well over a median of $400,000, outpricing the median wage earner who will no longer be able to afford a home,” says Martinez. “That’s what Wall Street is banking on — that they’ll have to rent and become tenants.”
    Martinez says investment companies such as Zillow and BlackRock are “buying up everything between $250,000 and $400,000 with some going as high as $450,000,” with the intention of turning them into rentals.
    It’s a new twist on the strategy made popular by investment firm Blackstone when it gobbled up properties after the Great Recession, leasing them through a company called Invitation Homes.
    “There is more institutional capital (Private equity funds such as Blackstone) flowing into such asset types now as opposed to mom and pop landlords, which were the traditional owners for such rentals,” Dr. Vivek Sah, director of UNLV’s Lied Real Estate Institute, said via email. “Such funds/institutions have a bigger appetite and hence have been purchasing in bulk especially in cities that have younger demographics and growing population (due to large in-migration like in LV MSA).
    Last week, Blackstone, the company that has been buying the land beneath MGM properties and leasing the operation back to the gaming company, announced it’s spending $6 billion to acquire a company that offers rent-to-own single family homes.
    A recent story in Vox discounts the theory that investors are responsible for the runaway appreciation, citing a 2018 research paper that found investors “account for less than one percent of all single-family housing units across the U.S.”
    https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands
    https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas.
    https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market?
    https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work
    https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California.
    https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas
    https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming
    https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming
    https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip
    https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021
    https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas?
    https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash
    https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic
    https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
    1 hr 19 min

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