[bledsoe3]

Originally Posted by MomMom

I do hope that you can go back to OKie, best of luck with your move!

I'm sure it was not your intention, but that sounded like a "don't let the door hit you is the a$$" response.

[jfkIII]

okey-dokey...smokey!

[Bigpappacam]

I agree that most people think of moving to Las Vegas because they think "there are so many casinos, which employ so many workers and casinos make so much money so all my problems will be solved by moving to Las Vegas."

In a way it compares to how much excitement you feel on your way to Vegas for a vacation, you dream of hitting the jackpot or getting on a hot streak. You don't take the time to think "Wow how did they get all that money to build multi-billion dollar properties?"

In the end it comes down to research and while every person on the forum is in a different situation, one thing seems clear: If you don't have a job lined up, it's not going to be easy to move in and obtain one. I am not a resident of Las Vegas, but I use this forum as one of my resources for considering a move in the distant future.

Being a current resident of the Detroit area, yes times are tough around here but many people don't understand what "Detroit" is. First off the Detroit Pistons (pro basketball team) play in Auburn Hills which is a suburb 30 min away from the city. Most people live in the surrounding suburbs, and are still making a very nice living. So while the city is bad, almost all of the suburbs are better (which makes my heart ache)

I laugh sometimes because many people complain about Vegas on the forum and say "unemployment, foreclosure, etc... is the worst in the nation with the exception of Detroit". So that means in my eyes, Vegas would be an improvement.

[jfkIII]

Then again....almost anywhere would be an improvement. Why would one jump from the fire...into the frying pan?

[MomMom]

Originally Posted by jfkIII

Then again....almost anywhere would be an improvement. Why would one jump from the fire...into the frying pan?

Because it's VAY GUSSSSSSSS

And people still want their piece of the pie, despite the warnings, despite the news stories they hear, no matter what, they're coming.

Hey, if they can find a job and support themselves here, there honestly is no better to live. You got everything you could possibly want here in town.

Like Bigpappacam said about the burbs of Detroit, not everyone who lives here is hurting and people know that, they see it when they come to visit if they go out of the tourist areas. Some want to hop on the bandwagon now, because they missed their chance for whatever reason the last time.

And for some, the legend of the land of milk and honey in the desert will never fade.

[Willy702]

Originally Posted by olecapt

We need to see how all this is going to break...

I remain of the view that the residential construction industry is gone for the near term future. Nothing good for three to five years or more. And it will likely never come back as it was in the 2003 or 2004 era.

That however is four or five points of our unemployment. Over time it goes away...not because those involved are employed but because they have gone in a different direction or left for greener pastures.

As that works out unemployment will settle at some level perhaps under the national average.

So we could well end up in a year or two looking much better. Particularly if the tourist industry begins to recover. And there are at least the initial signs of such a recovery.

I agree that moving to Las Vegas without a job is pretty suicidal at this point. But perhaps no worse than moving most places. The only good spots are places like the Dakotas...and that is a pretty terrible sacrifice for a job.

Pretty good thought process. The low cost will draw back in all those people who had to drop their Vegas dream in the mid 2000s. It used to be the place a maid, a teacher and a construction worker could buy a house. Maybe the construction worker has issues for awhile, but the other two careers and many others are now back into play once we see a normalized mortgage market. Or maybe some of the investors will start doing financing like they did not that long ago.

Even more important, at current prices and availability it has to be back in the game in drawing retirees. For much of the 2000s the endless growth and housing costs increase chased away that market. Those constraints are gone now just as boomers start hitting retirement age. Maybe they have to work a few more years now, but at some point they will retire and Vegas will beckon. And nothing benefits the market more than getting retirees as they don't take up jobs or much local social spending, but they create lots of jobs and taxes through consumption.

[Robustus]

Originally Posted by Willy702

Even more important, at current prices and availability it has to be back in the game in drawing retirees. For much of the 2000s the endless growth and housing costs increase chased away that market. Those constraints are gone now just as boomers start hitting retirement age. Maybe they have to work a few more years now, but at some point they will retire and Vegas will beckon. And nothing benefits the market more than getting retirees as they don't take up jobs or much local social spending, but they create lots of jobs and taxes through consumption.

Definitely agree about the potential of Vegas for retirees. Old folks love the warm weather, cheap housing, low taxes, tons of single-story homes, gambling, shows, and affordable all-you-can-eat buffets.

On a different entirely anecdotal note, another demographic Vegas seems to be attracting is people who work from home (myself included). I've run into a lot of software developers who aren't dependent on the local economy, find Vegas extremely attractive for many reasons, and have recently moved (or plan to soon) to Vegas. I'm sure this is a very small group, but will grow over the years as telecommuting becomes more and more viable for a greater percentage of white-collar jobs.

[Artfuldodger702]

Having lived here since 1979, I think it is a city filled with part-time, minimum wage jobs. If you have only a high school diploma, you are going to have a difficult time getting a well paying job. Plan on living with room mates! Like anywhere, try to secure a job first, before moving here. I actually would like to leave here. I'm tired of the city life and the summer heat here is terrible! I stay indoors during the hottest part of the day during the summer. If you love partying and gambling and have the funds (or a friend willing to pay your way), then this is the place to be. If you have a hot body, you could probably get a well paying job at a casino or strip club. You may make a considerable amount of money at those jobs if you can rake in the tips. However, there is no job security as it is a "right to work" state (in other words, you can be fired at any time for no reason). So, one week you could be living large, then the next laid off/fired and scrambling to pay the rent!

[LIS123]

Originally Posted by Bigpappacam

I agree that most people think of moving to Las Vegas because they think "there are so many casinos, which employ so many workers and casinos make so much money so all my problems will be solved by moving to Las Vegas."

In a way it compares to how much excitement you feel on your way to Vegas for a vacation, you dream of hitting the jackpot or getting on a hot streak. You don't take the time to think "Wow how did they get all that money to build multi-billion dollar properties?"

In the end it comes down to research and while every person on the forum is in a different situation, one thing seems clear: If you don't have a job lined up, it's not going to be easy to move in and obtain one. I am not a resident of Las Vegas, but I use this forum as one of my resources for considering a move in the distant future.

Being a current resident of the Detroit area, yes times are tough around here but many people don't understand what "Detroit" is. First off the Detroit Pistons (pro basketball team) play in Auburn Hills which is a suburb 30 min away from the city. Most people live in the surrounding suburbs, and are still making a very nice living. So while the city is bad, almost all of the suburbs are better (which makes my heart ache)

I laugh sometimes because many people complain about Vegas on the forum and say "unemployment, foreclosure, etc... is the worst in the nation with the exception of Detroit". So that means in my eyes, Vegas would be an improvement.

That's one nice thing about Detroit. In many other metro areas, you can live in the suburbs but you may need to come to the city to work and or play. From what I can gather about Metro Detroit, you can live, work and play in the suburbs with very infrequent reason to visit Detroit proper. I've heard of people going out in the suburbs (Royal Oak, Birmingham, etc.) and, of course, many of the jobs are in the suburbs as well.

[LIS123]

Originally Posted by Artfuldodger702

Having lived here since 1979, I think it is a city filled with part-time, minimum wage jobs. If you have only a high school diploma, you are going to have a difficult time getting a well paying job. Plan on living with room mates! Like anywhere, try to secure a job first, before moving here. I actually would like to leave here. I'm tired of the city life and the summer heat here is terrible! I stay indoors during the hottest part of the day during the summer. If you love partying and gambling and have the funds (or a friend willing to pay your way), then this is the place to be. If you have a hot body, you could probably get a well paying job at a casino or strip club. You may make a considerable amount of money at those jobs if you can rake in the tips. However, there is no job security as it is a "right to work" state (in other words, you can be fired at any time for no reason). So, one week you could be living large, then the next laid off/fired and scrambling to pay the rent!

How long did you actually enjoy living in LV before being sick of it and wanting to leave? Did you like the old Vegas (less flashy, less expensive, etc) more than the current Vegas?