Vegas Experts: Need A Breakdown Cost Of Living

KingKolzig · 08-09-10, 03:12 PM

rent it for the week then pull a slip-n-fall or almost drown in the pool. they wont want to get sued so you can negotiate a free year

brxbmbers42 · 08-09-10, 03:13 PM

Originally posted by jjgold

What hotel?

I am looking in net and these prices are do cheap, you can get a real nice house and pay 700 a month mortgage.

friend of mine just moved out there and hasnt found permanent housing yet and is staying at excalibur for 28 a night on weekdays. on weekends heads away from strip and gets hotel for 40 a night in a town a half from strip

Fishhead · 08-09-10, 03:18 PM

One can find a VERY NICE 1700 SQFT home for 139,000 or less in a nice area.................

ICEMAN wants everyone to live in the UPSCALED WESTSIDE .........

ICE how you enjoying the shitty traffic on that side of town?..........oh that's right, you never leave home.

MonkeyF0cker · 08-09-10, 03:28 PM

Not sure where you're coming from, Fishhead. Traffic is much worse on the 15 than the 215 or 95.

jjgold · 08-09-10, 03:56 PM

I see 15 minutes from Vegas plenty of houses under 120k

No need for 1700 sq ft house, way to big unless you have a family

Fishhead · 08-09-10, 03:59 PM

Originally posted by jjgold

I see 15 minutes from Vegas plenty of houses under 120k

No need for 1700 sq ft house, way to big unless you have a family

For you......

1235 minimum..........1800 maximum

Dirty Sanchez · 08-09-10, 03:59 PM

A decent Apartment in North Las Vegas or Summerlin will set you back $1000 to $1300 a month. Any guy who tells you he lived in a $600 a month hotel was staying in a friggin Crack House with hookers and dealers (and I don't mean blackjack)

MonkeyF0cker · 08-09-10, 04:02 PM

Originally posted by Dirty Sanchez

A decent Apartment in North Las Vegas or Summerlin will set you back $1000 to $1300 a month. Any guy who tells you he lived in a $600 a month hotel was staying in a friggin Crack House with hookers and dealers (and I don't mean blackjack)

Not necessarily. There were quite a few deals on room rates last year.

jjgold · 08-09-10, 04:05 PM

Why would anyone pay $1000 a month rent when you can but a house 5 years old or so for 120k and put down like 30k/30 year mortgage and pay like $700 a month?? What am I missing??

Fishhead · 08-09-10, 04:05 PM

If one cannot snare comped rooms in Vegas, perhaps they should try and improve upon their gaming skills.

Fishhead · 08-09-10, 04:06 PM

Originally posted by jjgold

Why would anyone pay $1000 a month rent when you can but a house 5 years old or so for 120k and put down like 30k/30 year mortgage and pay like $700 a month?? What am I missing??

99.4% here do not have 200 to turn pro, let alone 30k..................understand?

jjgold · 08-09-10, 04:07 PM

Yes sir

Doug · 08-09-10, 04:11 PM

Originally posted by jjgold

Why would anyone pay $1000 a month rent when you can but a house 5 years old or so for 120k and put down like 30k/30 year mortgage and pay like $700 a month?? What am I missing??

30k down might not be enough for a newcomer to Vegas w/o any local work history. You might need 50% + down to get a mortgage. I guess your credit rating would mean a lot in this case. I'd go with buying it for cash if possible.

ucbearcats1027 · 08-09-10, 04:12 PM

easy living there

Doug · 08-09-10, 04:15 PM

Originally posted by jjgold

I am starting to think about this now

I am sure there are jobs there even if not great pay

There are homes like 140k 15 miles from Vegas and like 6 years old

Jobs might well be of the $10/ hour variety. You can't even get a job dealing there unless you are a hot young chick.

Fishhead · 08-09-10, 04:16 PM

Originally posted by Doug

30k down might not be enough for a newcomer to Vegas w/o any local work history. You might need 50% + down to get a mortgage. I guess your credit rating would mean a lot in this case. I'd go with buying it for cash if possible.

BAD, BAD MOVE

If one has 130,000, do not put all that down on a 100,000 house........not when one could easily qualify for a low interest mortgage with 50% down.

If one has the cash to purchase a house with cash, I recommend putting 30-50% down and getting the remainder on a mortgage.

Understand, it is not a HUGE NEGATIVE to paying for the house outright in many, many cases............but if one is sharp, that money can be put to work making money in Vegas and return one anywhere from 20% and more.

jjgold · 08-09-10, 04:17 PM

Originally posted by Fishhead

BAD, BAD MOVE

If one has 130,000, do not put all that down on a 100,000 house........not when one could easily qualify for a low interest mortgage with 50% down.

If one has the cash to purchase a house with cash, I recommend putting 30-50% down and getting the remainder on a mortgage.

Understand, it is not a HUGE NEGATIVE to paying for the house outright if many, many cases............but if one is sharp, that money can put to work making money in Vegas.

Like your thinking here

Iceman · 08-09-10, 04:22 PM

Originally posted by Doug

What Hotel, Ice ?

What did you do with the cat and dogs ?

Oh no, I meant I stayed by myself. They were all back in SD. Just saying stayed in a hotel (Suncoast) and really liked it. If I was single, would be the place to be, IMO.

Iceman · 08-09-10, 04:30 PM

I am speaking on behalf of living with a wife and dogs. There are certain things important to me that might not mean a thing to someone else and vice versa. For what we are looing for we need some room so a 1,500 square foot home with preferably a few other important things for us nearby like a few different parks, away from the strip and the traffic. Vega traffic is overrated. I am in SD and that is traffic.

It's about $100 a square foot. Now if I was single and going downtown everyday then a condo, close to the strip maybe would be best and you can get a 1,200 squre foot home for 120k but I don't want that. I want some room to move around a bit.

I am sticking with my about $100 a square foot estimate, maybe $90.

pavyracer · 08-09-10, 04:34 PM

$2000 a month will be enough JJ to live in Vegas.

Iceman · 08-09-10, 04:34 PM

For what I have seen (and i could be wrong), your not going to find many furnished, short term leases for cheap. In fact they usually screw you on those and charge you double or so.

Ian · 08-09-10, 04:55 PM

Originally posted by jjgold

Can you get a decent house for 170,000?... There are homes like 140k 15 miles from Vegas and like 6 years old

You can absolutely get a decent place for sub 170K. The supply of houses greatly exceeds demand (there are whole neighborhoods in SW built in '04-'06 that nobody ever moved into). The supply is increasing as the foreclosure rate is the worst in the nation, and the demand for houses is dwindling because the job market is still shrinking in Vegas and the credit market still sucks everywhere.

Apartments are also an option. You can get a great 1BR apartment with strip views 5 minutes from the strip for less than $900/month. Just don't get a luxury condo... they all have occupancy problems (which send individual HOA fees through the roof), and foreclosure problems (which means you have to now put up the majority of the money up front).

Originally posted by jjgold

I am sure there are jobs there even if not great pay

Don't be so sure. The job market is horrible out here. Businesses are still laying people off. Unemployment rate is officially just under 15%, but the real number is probably closer to double that because many people have been unemployed so long they no longer can get financial assistance. An In and Out Burger opened up west of the strip and 5000 people applied... half the people I know are out of work. Vegas is in a full fledged economic depression.

curious · 08-09-10, 07:26 PM

Originally posted by Dirty Sanchez

A decent Apartment in North Las Vegas or Summerlin will set you back $1000 to $1300 a month. Any guy who tells you he lived in a $600 a month hotel was staying in a friggin Crack House with hookers and dealers (and I don't mean blackjack)

No crackhead, I stayed at the Stratosphere, Sahara, Player's Club, and Plaza. I stayed the last 4 months at the Plaza.

curious · 08-09-10, 07:30 PM

Originally posted by jjgold

What hotel?

I am looking in net and these prices are do cheap, you can get a real nice house and pay 700 a month mortgage.

hotwire.com

sidestep.com

plenty of hotels for $25 a night or less on weekdays, $45 on weekends

If you are decent at blackjack you can easily get that comped.

I made friends with the manager of the Plaza hotel and talked her into giving me the weekday rate for 4 months which worked out to a little over $600 a month. The Plaza is pretty nice.

jjgold · 08-09-10, 07:33 PM

So it looks like getting work is the problem which will kill everyone's idea

Great info here

gambleballs · 08-09-10, 08:06 PM

Originally posted by curious

The Plaza is pretty nice.

LOL.. Wat?

Doug · 08-09-10, 08:14 PM

Originally posted by jjgold

So it looks like getting work is the problem which will kill everyone's idea

Great info here

Here's one for ya, JJ ! just show them your videos. What a great way to spend sat/ sun !

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Date: 2010-08-04, 9:12AM PDT
Reply to: see below

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Doug · 08-09-10, 08:16 PM

Originally posted by gambleballs

LOL.. Wat?

Being right on the FSE would be pretty cool, actually. I know Plaza is aging, but way better than Strat tower for area.

Doug · 08-09-10, 10:20 PM

Somebody explain this one to me.....

$625 space rent on a trailer, WTF ! What could it possibly provide to justify that fee ?

$7500 / 2br - BETTER THAN APARTMENTS (SW-Decatur/Flamingo) (map)
Date: 2010-08-09, 6:36PM PDT
Reply to: hous-kquth-1890150424@craigslist.org [Errors when replying to ads?]

Nobody under you with loud stereos, nobody above you with the pounding as they run from room to room. Park right at your backdoor in your covered parking. You will find that the park this home is located in is one of the quietest & cleanest in town. COME SEE FOR YOURSELF. mobile home living is great

Large 2 bedroom 2 bath doublewide mobilehome. Cash only, we will not carry.
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Must qualify for Park land lease: $625.00 per month, contact Park office for application 876-5999
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* Location: SW-Decatur/Flamingo
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image 1890150424-2

Dirty Sanchez · 08-09-10, 10:25 PM

There are some guys mentioning some flea bag joints...especially in the old section. Next thing you know you'll be talking about the Plasma Bank next to the 7-11 is a good deal. You bigtime spenders should be talking Summerlin, not some crack house.

Doug · 08-09-10, 11:17 PM

Originally posted by Dirty Sanchez

There are some guys mentioning some flea bag joints...especially in the old section. Next thing you know you'll be talking about the Plasma Bank next to the 7-11 is a good deal. You bigtime spenders should be talking Summerlin, not some crack house.

Summerlin is where I want to be, however I can see living at a hotel for a while if you're single with no animals. I don't think you'd get anything great for $600/ month but at least no lease. I wouldn't expect any of the places " Curious" mentioned to be any better than 2** dives where you hope the AC works.

I'd have to rent something a bit better than that for a few months while looking for a place to buy.

eidolon · 08-10-10, 01:55 AM

What could I get if I'm making 50k a year, but can only put down 10k?

Domer · 08-10-10, 04:15 AM

Just bought in Green Valley Ranch (about a 15 minute drive to the strip) on a short sale property - contract signed end of April, closed end of July. I have a 3.45% 5/1, and my mortgage payment is pretty damn cheap. I plan on living here for 2-3 years and then renting it out until I feel like selling.

If you are comfortable purchasing a house, I would strongly, strongly, strongly recommend that you look in either Henderson or Summerlin and only branch out from there if you don't care about living in areas that have some crime, noisy neighbors, and lots of vacant houses (all of which combines to kill your resale value). The houses are much cheaper for a reason.

plays · 08-10-10, 04:38 AM

Here are a few places you can get an idea of how much rent and homes are really going for.
Las Vegas Review Journal classifieds section housing.
If you look in the henderson area there are alot of homes that are nice.

jjgold · 08-10-10, 05:09 AM

Everyone here wants to go there but most of us are puzzled and concerned about getting a job

Too bad economy is not better