[crabtrees]

I'm selfish and very happy the Raiders are moving to Las Vegas. To those upset about the deal and the tax money being taken from the horrible school structure, why don't you elect to pay state income tax if the government agrees to spend 50% of it exclusively on the school district? Nevada collects some of the lowest taxes in the country. Maybe it's time for everyone to pay more in taxes so that the state can have both the Raiders and improved schools? I'll pay income tax if you will...

[LasVegasPlayer]

Originally Posted by calisoccer99

I could be wrong but I don't think the 40k deposits include the current season ticket holders . Plus maybe 50% of the deposit were canceled that would still be 20k people looking to buy anywhere between 1-4 tickets.

You're definitely wrong. Each deposit represents four tickets. They've already received deposits on 170k seats because they assume about 60% will back out when they find out the quad PSL will be $10k. If the Raiders' math is correct, the Raiders have already sold out season tickets. So much for "half the people in the stands will be tourists" predictions.

[Dport7674]

It's still an ok prediction.

I know more than a few Chicago Bears season tickets holders. They sell their individual game tickets for a profit.

At least a decent number of Vegas season ticket holders will be selling their tickets to tourists.

[Grumpypotpie]

Originally Posted by Dport7674

It's still an ok prediction.

I know more than a few Chicago Bears season tickets holders. They sell their individual game tickets for a profit.

At least a decent number of Vegas season ticket holders will be selling their tickets to tourists.

That's what I may do. I'm a Broncos fan so rather than take a chance on individual game tickets I may buy seasons and just keep the 1 game selling the other 7 for a profit.

[Jukesgrrl]

Originally Posted by LasVegasPlayer

... You are right about one thing. I totally missed how absolutely crooked Nevada is and how little people care about how badly we're getting screwed as long as the Raiders are coming. We are the absolute laughing stock of the country. I could post 100 links about it. We've all seen them though. Anyone with the slightest business sense knows it ... That tune will change when we're all carrying the losses one day. I will have moved on and be laughing from a distance ...

I don't live in Las Vegas but I know a lot of football fans. You know what I hear them say? "Cool, we can go to Las Vegas to see our team play!"

As casino owners make it harder and harder for people to win any amount of money at the tables or slots, LV needs other attractions to get tourists into town. You might be surprised to find this is a boon. Not to mention, the Raiders have a very bright future as a team. If they're winning, Las Vegas will love them in a way Angelenos are not going to embrace the Rams.

I think it's smart money that's buying these season tickets with the prospect of selling many of them to tourists.

[zumaboy]

Originally Posted by LasVegasPlayer

I actually was spot on in the post you quoted. The Raiders stated today that they have sold out 2/3 of the capacity in season ticket claims already, making the "half the stadium will be full of visitors" statement demonstrably false. The Golden Knights have sold about 14,000 season tickets, making the NHL statement I was responding to also false.

You are right about one thing. I totally missed how absolutely crooked Nevada is and how little people care about how badly we're getting screwed as long as the Raiders are coming. We are the absolute laughing stock of the country. I could post 100 links about it. We've all seen them though. Anyone with the slightest business sense knows it.

Those same people who think $1.5b for the Raiders is worth it don't care that the schools are crumbling or we don't have enough money for all the road projects we need. Who cares, right? The Raiders are coming and paying off this disastrous deal will be the problem of another generation!

That tune will change when we're all carrying the losses one day. I hope all this excitement was worth it. I will have moved on and will be laughing from a distance.

Make sure on opening day to check out the box seats. I wonder how many of the 43 legislators that voted for this repugnant deal will be sitting up there. I'd say nearly all of them.

I've heard every one of these arguments before (many of them from my own father) when the Oilers/Titans moved from Houston to my home town of Nashville based on a generous amount of public investment. Decades later, the critics have all been silenced and the Nashville riverfront has been transformed because the Titans were part of an overall plan that has changed Music City forever. Destination cities make for great NFL team locations...

[Willy702]

Originally Posted by Grumpypotpie

That's what I may do. I'm a Broncos fan so rather than take a chance on individual game tickets I may buy seasons and just keep the 1 game selling the other 7 for a profit.

If you do that with Broncos tickets these days they might rescind your rights and the tickets go to people on the 10 year wait list. The Golden Knights have mentioned they may do the same if people are selling most or all of their tickets. Teams really don't want ticket buyers to do this.

[Dport7674]

Originally Posted by Willy702

If you do that with Broncos tickets these days they might rescind your rights and the tickets go to people on the 10 year wait list. The Golden Knights have mentioned they may do the same if people are selling most or all of their tickets. Teams really don't want ticket buyers to do this.

Pretty much impossible to get caught. What's to stop a group of buddies splitting the cost of the season tickets, how would anyone know?

[LasVegasPlayer]

I saw some laughable nonsense on local news stations the past few days from realtors making absurd claims that somehow the Raiders moving to Las Vegas would cause appreciation in housing prices. None gave any logical case for it. All of it was nonsensical cheerleading, much like this thread is full of from people that couldn't pass an Econ 101 class.

An average Las Vegas home will take on a 4% tax liability. That doesn't include the lower credit rating Clark County will get that will make future borrowing more expensive, or the DOT bonds related to the project, that will tack on another 2-3%. That wouldn't make for good RE PR.

I was discussing this with someone that brought up that Lvmensch is a realtor. They say they are a former banned user known as Olecapt. The links they provided made it quite clear that was the case. Of course, that user never mentions the conflict of interest, but it certainly makes it easy to understand why they would advocate such a misfortune upon Clark County citizens and hurl insults at those that date bring math and economics into the discussion.

Anything to sell a house! Little do realtors realize, intelligent buyers would avoid a market based on this situation. I suppose the RE industry isn't interested in intelligent buyers though.

[lvmensch]

Originally Posted by LasVegasPlayer

I saw some laughable nonsense on local news stations the past few days from realtors making absurd claims that somehow the Raiders moving to Las Vegas would cause appreciation in housing prices. None gave any logical case for it. All of it was nonsensical cheerleading, much like this thread is full of from people that couldn't pass an Econ 101 class.

An average Las Vegas home will take on a 4% tax liability. That doesn't include the lower credit rating Clark County will get that will make future borrowing more expensive, or the DOT bonds related to the project, that will tack on another 2-3%. That wouldn't make for good RE PR.

I was discussing this with someone that brought up that Lvmensch is a realtor. They say they are a former banned user known as Olecapt. The links they provided made it quite clear that was the case. Of course, that user never mentions the conflict of interest, but it certainly makes it easy to understand why they would advocate such a misfortune upon Clark County citizens and hurl insults at those that date bring math and economics into the discussion.

Anything to sell a house! Little do realtors realize, intelligent buyers would avoid a market based on this situation. I suppose the RE industry isn't interested in intelligent buyers though.

That lvmensch is an RE agent is well known and in no way concealed. But he is also a retired engineer and long term LV resident. That one has to resort to personal attack tends to show the weakness of the case being defended.

The LV real estate market might well react to the stadium by going up. But one will never be able to separate the variables enough to prove it. And the present market is reasonably insane. We have been in a classical strong sellers market with very limited price increases. All the references would suggest a market with 2 months inventory should generate rather strong price increases. That has not happened. And we see very mixed price changes. Some low end tracts are actually at or very close to the 2007/8 peak price. Other particularly higher end tracts are at 60 or 70%. And we continue to maintain a very large gap between new build and resale. When you buy new at the moment you will need at least three or four years to sell for what you paid and a couple more to recover the cost of sales.

So yes the stadium may well feed the factors that tend to drive RE higher. But it will get lost in the overall mix. None of this stuff tends to lead to fact based outcomes. It is all perceptions upon the part of the buyers and sellers.