i knew vegas was hurting ,but damn.

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  • 1tarheelfan
    SBR High Roller
    • 03-22-10
    • 125

    #1
    i knew vegas was hurting ,but damn.
    my family went to vegas in early september,and the tourism was great,but i did hear some people asking a guy their that was working at new york new york was it like that all the time and the guy said that vegas had been like a ghost town lately.when we were staying at the excalibur i was talking small talk to a very nice lady,and i asked her if she liked vegas, and did she live their?I also said that my mom was retiring from loris hospital if god would bless her,and let her last that long.she told me she loved vegas as far as how many things were to do,but she said that it was hard as hell to find a job.she also said she was getting close to her retirement but she was going to check and see if she should could afford her meds,and all her other exspences,and i told her that was the only reason my mom was working this long.i told her between my mom and dad they were paying a little bit over 600 a month ,and thats with my mom working and my dad having medicare.she said when she was going to retire she was going to colorado,and she was scared as hell to see what vegas was going to like in 5years.i told her i hate to see people lose what they had but in my mind i was thinking i dont want the reccesion to hurt my mom and dad but i did want the economy to get worse so the family could get a condo for 25,000. reason why i wrote this post was because my sister had called from england and said she heard from the news that the tropicana,golden nugget,and the flamingo were filing bankruptcy.i know unemployment is a little bit over 12 percent .i wish i knew what the value of real estate would be like in 5 years. iam just scared when unemployment gets worse so does the crime rate.
  • wtf
    SBR Posting Legend
    • 08-22-08
    • 12983

    #2
    vegas had it run

    it is over

    you will get that loser monkey fag in this thread saying vegas will be back , it wont

    i can list ten very solid reason it will never reach the heights of the past

    but the BIGGEST reason is the value of homes in america and all of the disposable incomes/feel good factor is over
    Comment
    • milwaukee mike
      BARRELED IN @ SBR!
      • 08-22-07
      • 26914

      #3
      golden nugget is owned by landry's NOT GOING BANKRUPT
      flamingo is owned by harrah's which is GOING PUBLIC AGAIN VERY SOON, right now owned by private equity firms and NOT GOING BANKRUPT
      tropicana just got bought out NOT GOING BANKRUPT

      so you're 0-3 on your information
      Comment
      • ryanjep
        SBR MVP
        • 12-09-08
        • 2556

        #4
        tough times it will turn around in a few years
        Comment
        • Fishhead
          SBR Aristocracy
          • 08-11-05
          • 40179

          #5
          Vegas began to slowly die when I took off in 2002....

          It will be slowly reviving once I arrive back in 2011.....



          FOLLOW THE GOLD
          Comment
          • LVBOUND
            SBR MVP
            • 07-25-08
            • 2658

            #6
            Fish I thought you already moved back? What month are you planning in moving?
            Comment
            • unusialsusp5
              SBR MVP
              • 04-18-10
              • 4198

              #7
              blame the banks. they stopped handing out credit cards like water to anyone who wanted one. vegas was supported by people with credit card available cash advance privileges. once the banks turned off that faucet no one has bullets to fire. we as americans are entitled to build up all the credit card debt that we want and then default on it.
              Comment
              • triqy
                SBR Wise Guy
                • 11-19-09
                • 800

                #8
                I dont think those casinos are going bankrupt anytime soon. Vegas was hit hard by the recession.
                Comment
                • blackbart
                  SBR MVP
                  • 12-04-07
                  • 3833

                  #9
                  overbilt
                  Comment
                  • Fishhead
                    SBR Aristocracy
                    • 08-11-05
                    • 40179

                    #10
                    Originally posted by LVBOUND
                    Fish I thought you already moved back? What month are you planning in moving?



                    june
                    Comment
                    • milwaukee mike
                      BARRELED IN @ SBR!
                      • 08-22-07
                      • 26914

                      #11
                      wynn resorts (stock symbol wynn) hitting new 52-week highs
                      las vegas sands (venetian/pallazzo, symbol lvs) hitting new 52-week highs

                      perhaps instead of doom-and-gloom some of us should've been buying lvs at 12 (now at 38)

                      same thing happened after 9/11, everyone gets overly pessimistic/optimistic, mgm went down to 10 and then up to 100 and then down to $1, now back around 10
                      Comment
                      • opie1988
                        SBR Posting Legend
                        • 09-12-10
                        • 23429

                        #12
                        Originally posted by wtf
                        vegas had it run

                        it is over

                        you will get that loser monkey fag in this thread saying vegas will be back , it wont

                        i can list ten very solid reason it will never reach the heights of the past

                        but the BIGGEST reason is the value of homes in america and all of the disposable incomes/feel good factor is over
                        What a shocker! A doomsdayer/naysayer is the first to post. Maybe we should all kill ourselves to avoid the inevitable apocalypse!! Or....maybe just you should.

                        Tarheelfan- you started your post saying the "tourism was great". Which is it? Employment is not even close to 12% for college graduates. Its less than 4%. You want the "economy to get worse so the family can get a condo for under 25k". Good luck with that.

                        Idiot.
                        Comment
                        • opie1988
                          SBR Posting Legend
                          • 09-12-10
                          • 23429

                          #13
                          Originally posted by milwaukee mike
                          wynn resorts (stock symbol wynn) hitting new 52-week highs
                          las vegas sands (venetian/pallazzo, symbol lvs) hitting new 52-week highs

                          perhaps instead of doom-and-gloom some of us should've been buying lvs at 12 (now at 38)

                          same thing happened after 9/11, everyone gets overly pessimistic/optimistic, mgm went down to 10 and then up to 100 and then down to $1, now back around 10
                          Exactly. Fortunes are made during recessions. Period.
                          Comment
                          • jjgold
                            SBR Aristocracy
                            • 07-20-05
                            • 388179

                            #14
                            Everything eventually comes back, right now is the time to buy a house or town house in Vegas. I cannot see prices going down that much more.

                            I might stay with Fishhead for 6 months and see what options I have next summer.
                            Comment
                            • muldoon
                              SBR MVP
                              • 01-04-10
                              • 4397

                              #15
                              Originally posted by jjgold
                              Everything eventually comes back,
                              45% unemployment in parts of detroit. You sure EVERYTHING comes back?

                              Comment
                              • wtf
                                SBR Posting Legend
                                • 08-22-08
                                • 12983

                                #16
                                Originally posted by milwaukee mike
                                wynn resorts (stock symbol wynn) hitting new 52-week highs
                                las vegas sands (venetian/pallazzo, symbol lvs) hitting new 52-week highs

                                perhaps instead of doom-and-gloom some of us should've been buying lvs at 12 (now at 38)

                                same thing happened after 9/11, everyone gets overly pessimistic/optimistic, mgm went down to 10 and then up to 100 and then down to $1, now back around 10
                                wow you dont look at where wynn gets over 90% of their revenue

                                guess what, IT IS NOT VEGAS

                                same with mgm and other gaming properties

                                but your so damn smart i am sure you knew that already
                                Comment
                                • wtf
                                  SBR Posting Legend
                                  • 08-22-08
                                  • 12983

                                  #17
                                  Originally posted by opie1988
                                  What a shocker! A doomsdayer/naysayer is the first to post. Maybe we should all kill ourselves to avoid the inevitable apocalypse!! Or....maybe just you should. Tarheelfan- you started your post saying the "tourism was great". Which is it? Employment is not even close to 12% for college graduates. Its less than 4%. You want the "economy to get worse so the family can get a condo for under 25k". Good luck with that. Idiot.
                                  ok will kill myself, but u first faggot

                                  the thrill is gone, accept it, casinos all over america now

                                  getting pussy there, ha , big deal get that anywhere

                                  what happens in vegas stays in vegas, what a lame town, i lived there a few years, that town is doomed to mediocrity
                                  Comment
                                  • dtp
                                    SBR MVP
                                    • 09-17-09
                                    • 2106

                                    #18
                                    Vegas is still a pretty sweet city.
                                    Comment
                                    • wtf
                                      SBR Posting Legend
                                      • 08-22-08
                                      • 12983

                                      #19
                                      Originally posted by dtp
                                      Vegas is still a pretty sweet city.
                                      ok, but are people going to get on a plane and get the anal probe from security to get there?

                                      not worth the effort
                                      Comment
                                      • james4512
                                        SBR MVP
                                        • 10-27-08
                                        • 3707

                                        #20
                                        planning a trip to vegas for new years, but the prices are through the roof. My boss said we should wait to set our reservations because no one will end up going there and the prices will drop
                                        Comment
                                        • teaserpleaser
                                          BARRELED IN @ SBR!
                                          • 08-14-08
                                          • 26015

                                          #21
                                          Originally posted by muldoon
                                          45% unemployment in parts of detroit. You sure EVERYTHING comes back?

                                          Jesus thats detroit? why do they allow those eye sores?
                                          Comment
                                          • DrunkHorseplayer
                                            SBR Hall of Famer
                                            • 05-15-10
                                            • 7719

                                            #22
                                            Unemployment in LV just hit 15% and housing prices are probably going to decline a little bit more in the next year or two. As soon as the name "Las Vegas" loses it's sex appeal, people are going to realize that you can gamble, nightclub, get laid and high-end shop just about anywhere and major strip casinos will start closing. LV will never get back to the heights of the early-mid 00's.
                                            Comment
                                            • Shonner
                                              SBR MVP
                                              • 09-05-10
                                              • 1361

                                              #23
                                              Vegas will be back. Any place with warm weather, hookers, and that many casinos/sportsbooks will always be alive.
                                              Comment
                                              • Landscaper
                                                SBR MVP
                                                • 10-12-10
                                                • 2712

                                                #24
                                                I agree vegas is just not the same anymore..people just have to except it. Now that doesnt mean its not fun to go and i will keep going, i just think alot of the middle class people will be looking to go elsewhere most likely closer to their homes. Vegas is so over priced its a joke.
                                                Comment
                                                • Shonner
                                                  SBR MVP
                                                  • 09-05-10
                                                  • 1361

                                                  #25
                                                  Originally posted by Landscaper
                                                  I agree vegas is just not the same anymore..people just have to except it. Now that doesnt mean its not fun to go and i will keep going, i just think alot of the middle class people will be looking to go elsewhere most likely closer to their homes. Vegas is so over priced its a joke.
                                                  I want to get a condo for 15-20k once prices get that low I may move there.
                                                  Comment
                                                  • BestPlay2day
                                                    SBR Hall of Famer
                                                    • 08-25-08
                                                    • 5794

                                                    #26
                                                    Our family was just there last week Sunday-Thursday for my brother's wedding and even middle of the week there were a lot of people there. I hear what's hurting Vegas is the tourist aren't spending nearly as much on gambling.
                                                    Comment
                                                    • Bluehorseshoe
                                                      SBR Posting Legend
                                                      • 07-13-06
                                                      • 15000

                                                      #27
                                                      Comment
                                                      • tatommack
                                                        SBR MVP
                                                        • 10-10-08
                                                        • 4171

                                                        #28
                                                        vegas will allways be around
                                                        Comment
                                                        • SlickFazzer
                                                          SBR Posting Legend
                                                          • 05-22-08
                                                          • 20209

                                                          #29
                                                          plenty of opportunities if you have a brain in your head.
                                                          Comment
                                                          • Fishhead
                                                            SBR Aristocracy
                                                            • 08-11-05
                                                            • 40179

                                                            #30
                                                            Originally posted by SlickFazzer
                                                            plenty of opportunities if you have a brain in your head.

                                                            Comment
                                                            • Grits n' Gravy
                                                              Restricted User
                                                              • 06-10-10
                                                              • 13024

                                                              #31
                                                              vegas is doing just fine. some places are being hit harder than others, but wynn, venetian, bellagio, ph, caesars and circus circus are all doing very well for themselves. the wealthy still come. the broke don't and when they do they spend $100 all weekend. dumps like excalibur, riviera and nyny are struggling. don't believe the hype that it is citywide. nightclub business is booming. as are top tier restaurants and high end retail. gaming at many properties is up over 2008 and 2009.

                                                              lvs and wynn stocks are benefitting from singapore and macau, but remember lvs has a separate stock on hong kong exchange. got back into sands at 3.63 a few years back. very happy with my 200k return and still growing. vegas isn't in its glory days, but far from dead.

                                                              quit talking to old people at dump resorts for your info.
                                                              Comment
                                                              • opie1988
                                                                SBR Posting Legend
                                                                • 09-12-10
                                                                • 23429

                                                                #32
                                                                Anyone who thinks you can get a decent condo anywhere near the Strip for 15-20k is a fool. There are def good values to be had, but that price is so far from reality it's not even funny.
                                                                Comment
                                                                • opie1988
                                                                  SBR Posting Legend
                                                                  • 09-12-10
                                                                  • 23429

                                                                  #33
                                                                  Originally posted by wtf

                                                                  ok will kill myself, but u first faggot

                                                                  the thrill is gone, accept it, casinos all over america now

                                                                  getting pussy there, ha , big deal get that anywhere

                                                                  what happens in vegas stays in vegas, what a lame town, i lived there a few years, that town is doomed to mediocrity
                                                                  "ok will kill myself, but u first faggot".

                                                                  Wow....that's a good one! You certainly seem sharp. I could definitely see why you would fancy yourself quite the prognosticator!!

                                                                  It sounds as though your brain may be doomed to mediocrity as well. Good luck with all that.....
                                                                  Comment
                                                                  • ryanspeer2001
                                                                    SBR MVP
                                                                    • 03-30-08
                                                                    • 3149

                                                                    #34
                                                                    Vegas will be fine for quite some time. It will not be in danger for many years.
                                                                    Comment
                                                                    • milwaukee mike
                                                                      BARRELED IN @ SBR!
                                                                      • 08-22-07
                                                                      • 26914

                                                                      #35
                                                                      wynn doesn't get "90% of their revenue" from outside vegas, but they do get 70% you are correct there

                                                                      vegas is WAY overbuilt, as you can plainly see when binion's/lady luck/etc close their hotels and echelon/fontaineblue/etc don't get finished

                                                                      the people that blindly say "it will certainly come back" are as misguided as the ones saying it will be a ghost town

                                                                      will never get back to full employment/construction like the go-go days where condos/casinos were going up all over the place, but won't turn deserted either
                                                                      Comment
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