Casinotop10

21/08/2010 5:12pm by LiveHere

In regards to this towns housing market, California investors have a lot to answer for. They artificially inflated the prices, and those that are stuck with their houses are now renting to section 8 tenants. This is causing many problems in middle class neighborhoods and ruining the quality of life for many.

21/08/2010 9:50am by High Roller

With the current large outflow of locals, there will be no demand for addition new homes and products.

This massive outflux of population could return Vegas back to normal. Normal being that of the pre-Wynn-Mirage era where there was no resort construction for 20 some years.

I am usually in town for places like Encore, Aria, Mandarin Oriental.
No interest whatsoever to hang around with locals at the Sahara, Circus Circus, Fremont, Boulder Station.

All this nonsense doesn't make logical sense. It just doesn't add up.

Vegas is done if it returns back to it's 80's Jubilee, Liberace dates.

I get more from my local tribal casinos.

No mega-resort breaking ground - no Vegas recovery.

21/08/2010 9:23am by MaureenC

TRENT
2010-08-21

"Lester needs to get his facts straight."

He also doesn't live in Vancouver.

I actually do.

After laughing at his ridiculous posts, it's clear that "Lester" is a fake.

Seriously dude, did you really think no one would know you were bullshitting? I'll give you a hint...pick a city whose residents would actually buy a second home in Vegas...regardless of economics. LOL

21/08/2010 6:50am by TRENT

Lester needs to get his facts straight. Nevada has a much higher suicide rate than Washington State. Seattle also has 4 million more people than Vegas. Here's a link... http://www.afsp.org/index.cfm?fuseaction=home.viewpage&page_id=05114FBE-E445-7831-F0C1494E2FADB8EA

21/08/2010 5:57am by Lester

Its odd how many people seem to think that anyone who finds Rex's constant Vegas bashing distasteful must live there, be upside down in their mortgage, generally stuck and crying in their soup. Like Rex is such a hero because he escaped this shithole.

Last I checked there are still a few people that fly or drive INTO Vegas on a daily basis. Some people even like it.

I don't live there, but I own a condo there. Its in the area close to where Rex lived and its far safer than my own home in suburban Vancouver, because its guard gated. I have not lost money since I bought it fairly recently, so I am neither stuck, unemployed or miserable.

And thats my point. I think Rex is miserable, and he's blaming it on Las Vegas. From what I read he moves around fairly regularly, and I'm guessing its because new places are exciting and the novelty relieves the pressure on an unhappy mind. The novelty wears off and the unhappiness comes back, so its time to change hometowns again.

Seattle is a nice city. However, last I checked this blog is titled Vegas Rex, and him dropping into town from time to time will not enable him to provide the same insights into the city that he is well known for. And providing insights into Seattle will likely shrink his audience in the long run.

And it will cure what ails him. I would have thought a self-described genius would know that.

21/08/2010 3:10am by Ted Newkirk

@James Goldman - I'd get your glasses checked. I've specifically noted that I sold at the height of the boom (5 years ago) and an now just dipping my toes into looking at homes and tracking the market.

Per nothing new being built... so what (and BTW, we'll see new construction and/or half-finished projects being completed within 5 years). I'll repeat myself:

You guys are comparing the boom times to the present. A boom is an abnormal period of time. Not the norm.

Best I can tell from his photos, Rex lives (lived) 2-3 blocks off The Strip and 4-5 blocks from Naked City. You get even 1/2 mile northeast of his place, and you have some older but nice, reasonably peaceful neighborhoods. I myself am renting (test driving) in an area 1 mile from The Strip (as the crow flies) and the crime/gang/nine-people to a house issue is non-existent in a very middle class neighborhood.

Best I can tell, the majority of the people upside down and going through all the stress are the ones who moved here post 2002. When a bunch of people all decide to jump on a bandwagon, they are the first people to fall out when the wagon hits a bump. Especially a big bump. Those of us who got on much earlier have (and continue to have) very comfortable seats. People who bought homes in the 90's here are not upside down. They have been at their jobs long enough to have seniority which means their jobs were never threatened. Have friends and business contacts they trust.

I've been here (going on) 18 years and my medical doctor, insurance agent, barber, and chiropractor have been here longer than me. My accountant and maid service owner both have 10+ years here. We all do business (when possible) with other long-time residents. The scammers and dreamers don't last that long here.

What all you guys are pissed off about is that the pot of gold you thought you saw at the end of the rainbow never existed. It was a boom-time mirage. Now you are smarting over the move here (just like hundreds of thousands of other "stressed" residents who moved here the past decade).

The rest of us are thrilled Las Vegas is getting back to normal. If we can get a couple hundred thousand more of you to get the hell out of town, this will really return to being a fantastic place to live. The unemployment level will plunge when the unemployed leave town. We're already seeing the return of 90's home prices. Visitation is ticking up.

I'm happy as a clam!

21/08/2010 1:12am by Crunchead

Rex,
I only found you a couple of years ago but I have read much of the backstory blogs. I think I know what happened between you and your girl Vegas.

You are a big city guy. You moved to a large city. You thought the homely city with the hot clothes and great personality made her better looking than she ever was. Once she began to act like douche city east, you began to see more of her flaws and they really started to bug you. Finally, you got to where you couldn't figure out why you ever thought she was hot in the first place.

I hope you now used a sharper eye when you picked your new girl.

20/08/2010 11:58pm by Robert

Counting down the days to Vegas in November. Can't ruin my party.

20/08/2010 8:01pm by Bob

They're upset b/c Rex was smart enough and had the option to get out of there whereas they are stuck and don't have the option to get out even if they wanted to. So they are here whining and getting pissy every time they are reminded of this fact.

20/08/2010 7:48pm by Phil G. Richardson

There are ghettos all over the country.

But,just like booze,ghettos are much more readily available in Vegas than any other working neighborhoods in California or Oregon.


This is from today's news.

[ Las Vegas area had the highest unemployment rate among all metropolitan areas in the nation in June. Las Vegas will likely maintain the highest rate in July, "although we won’t know for sure until the Bureau of Labor Statistics releases the full report," it said in a report.

And the picture is worse than the latest figures show, the state said.

The rate doesn't include workers who are too discouraged to seek employment. Nevada’s actual rate for the second quarter of this year was 21.5 percent, or 8.4 percent higher than the announced figures, the department said.]

There you have it,an apple to apple.
VEGAS is going down the tubes.

Rex, as a true friend, is trying to give us an advance warning way before the titantic hits the iceberg.

Yet, all you motherfxxxers crap on him in return for his honesty and sincerity.

What's wrong with all you Vegans.

Wake up !!!

THE GLORY DAYS ARE OVER.
NO ONE IS BUILDING IN VEGAS.

20/08/2010 7:10pm by Harry Balzac

I've noticed Rex has been mentioning how shitting it is to raise a family in Vegas lately. However, I should note that he chose the GHETTO as his area to raise his family. I would kindly ask that he find a comparable drug and crime infested area in Portland to raise his family for an apples to apples comparison.

"Vegas is full of crackheads and hookers!" -Rex, staring out his front window, shocked that there's crime in the ghetto.

20/08/2010 6:28pm by James Goldman

Rex is not only a good writer, an excellent photographer but most importantly, a savvy investor.

It has to be one of his best financial decision, by never buying up any Vegas real estate in the last 5 years.

posted before on 2010-08-19 : - I still haven't heard any feedback from all these wiseguys.


In the land of beautiful resorts, no start-up dates nor major casinos will be developed in the next decade.

What more proof do you need.

Mr. Las Vegans:- Sheldon Adelson, Steve Wynn, Jim Murren all of whom are 100 times smarter and shrewd than readers Lester, Ted Newkirk, decide to focus and invest elsewhere such as Philly, Boston, Macau, Singapore.

The plans for Macau in particular are really monstrous.

Las Vegas Sands USD $5.5 billion investment in Marina Bay Singapore has a 25%+ ROI and the cost can be fully recovered in 4 years.

Look at City Center, maybe and just maybe Dubai World can get their investments back in 20 years.

Why should I invest in Vegas both time and money, if genius like Adelson has stopped.

Yo ! Vegas Baby, unless you put your money where your mouth is , you can go kiss my ass.

OK. Seattle is not quite the heaven on earth, but I can easily find 2 dozen cities in the states that are way better than the tanking job market in Vegas.

Vegas is going through hell now and that's a fact.

20/08/2010 4:07pm by wbeem

This is what happens when you abandon your dog for a month and don't realize she has the password to your blog.

20/08/2010 9:05am by Lester

Perhaps if the stresses continue to increase, Vegas may catch up to Seattle's suicide rate.

There was nothing informative in this piece, but I suppose since you don't have your own experiences to write about anymore, this more quote than content fluff is the direction your blog is headed. Whatever, its free.

You're a good writer Rex. Hopefully you'll actually write something soon. I'm still waiting on that Seattle monorail review. Should be gripping.