dukeleto
2d ago
Me to, it’s a ridiculous sum of money, especially when considered in the context of our previous spending
dukeleto
18d ago
I’m not really sure if this counts as small but it’s definitely been on my mind and id like some advice on whether or not I am thinking about this clearly. I have lived in the Las Vegas metro area for the past two years and plan to remain here for the foreseeable (at least 5 more years) future, im thinking of buying a small house in a nice part of town and can just barely afford to do it.
I find myself hesitating on actually pulling the trigger because it would result in my current housing expense increasing from the 1.9K a month I currently pay to rent to 2.8-3.3K a month depending on what I actually end up buying.
I just can’t shake the sense that I would be buying at the top. This wouldn’t necessarily be an issue (I think its unlikely I would be laid off except in a case of extreme economic hardship) except that I am concerned that if the economy does dump I will be stuck in a high interest (looking at around 6.5%) loan which I wont be able to refinance if my home value drops enough.
The thing that’s annoying though is that this really is just a feeling and I cant find any actual evidence to suggest this area is actually about to undergo any kind of correction. Prices have increased a lot in recent years (up 40-50% since 2021) but this has happened in a lot of places, the regional unemployment is low and houses that get listed are selling.
Does anyone know what kind of metrics people who follow single-family real-estate sales actually follow? I appreciate that very competent people working at large financial institutions spend a lot of time and $ trying to price real estate accurately and I don’t expect to develop an institutional level understanding of these things. Im just trying to enter this with my eyes open and want to feel slightly less clueless, before making what will be my biggest financial decision to date.
Here are some metrics I have looked at:
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Regional unemployment https://www.bls.gov/eag/eag.nv_lasvegas_msa.htm (which is basically flat).
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Permits for new construction https://fred.stlouisfed.org/series/LASV832BP1FHSA
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Case Schiller index calculated for Las Vegas metro area https://fred.stlouisfed.org/series/LVXRNSA
dukeleto
27d ago
Is there actually punishment for buying non controlled drugs from abroad? A quick google search makes this seem like it would be trivial to do.
I think the “asking civilians to leave a combat area” is doing a lot of work when the whole territory (minus Rafa for now) is being reported as being a combat zone.
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