Vegas is Struggling in 2025

Quote:

---

Originally Posted by Dan Druff

Quote:

---

Originally Posted by desertrunner

South Pointe gets it-

South Point casino stands apart by embracing classic Las Vegas hospitality

---

For the most part, South Point does get it.

They have semi-cheap food (at least by modern casino standards), they haven't degraded the video poker, and in general they are trying to resist the service reductions and price gouging seen elsewhere.

Unfortunately, their location is awful (it's called South Point for a reason), and really only appeals to locals and/or cheapskates.

---

If you just want to degen, South Point is probably the best option in town. It's a good value and well run.

Quote:

---

Originally Posted by Dan Druff

Quote:

---

Originally Posted by desertrunner

South Pointe gets it-

South Point casino stands apart by embracing classic Las Vegas hospitality

---

For the most part, South Point does get it.

They have semi-cheap food (at least by modern casino standards), they haven't degraded the video poker, and in general they are trying to resist the service reductions and price gouging seen elsewhere.

Unfortunately, their location is awful (it's called South Point for a reason), and really only appeals to locals and/or cheapskates.

---

South Point cut the freeplay meter from .3% to .15% on video poker. Major effect on multiplier days so the pros don’t play there anymore. The place also sucks for advantage slots.

Food bank lines are huge in Vegas

https://www.youtube.com/watch?v=6zXJP6ju7w0

What would be ideal for me personally would be a Vegas-area housing market crash which doesn't affect the rest of the country.

Probably a pipe dream, but maybe not, as Vegas is facing some unique challenges right now, and they were also hit disproportionately hard during the 2008 crash.

I predict I will own a Las Vegas property by 2030, but how soon before 2030, I'm not sure.

Why on Earth would you buy property in Las Vegas for $500K?

When you can buy property in Italy for under $40K?


I’m done with America — I bought my dream-home in Italy for just under $40K

https://nypost.com/2025/03/24/lifest...ust-under-40k/


https://nypost.com/wp-content/upload...y=75&strip=all

Quote:

---

Originally Posted by Dan Druff

What would be ideal for me personally would be a Vegas-area housing market crash which doesn't affect the rest of the country.

Probably a pipe dream, but maybe not, as Vegas is facing some unique challenges right now, and they were also hit disproportionately hard during the 2008 crash.

I predict I will own a Las Vegas property by 2030, but how soon before 2030, I'm not sure.

---

I’m not sure you’ve heard but ZIRP is on the agenda for the next 4 years so unless Vegas has a Chernobyl-like incident there will be no meaningful price decline. That’s how monetary easing and inflation works and why children can’t buy homes.

There is an argument all our social problems flow from the home ownership problem. “The Housing Theory of Everything” is a fun read.

I was in San Diego recently. Housing is nuts around Normal Heights and North Park. You see countless Sears catalog Craftsman homes built from a kit in the early 1900’s. Maybe $2000 for an 800 square foot building back in the day. They all have the same look with the little one room dormer. Packed cheek to jowl on postage stamp sized lots.

These houses are approaching $1m or more now.

I literally heard kids say they dream of owning one.

I got seriously sidetracked by the insanity. It was like witnessing a car crash. Gruesome shit. As crazy as it seems asset prices are going nuclear with the attempt to stave of our country’s financial crisis.

Quote:

---

Originally Posted by Sanlmar

Quote:

---

Originally Posted by Dan Druff

What would be ideal for me personally would be a Vegas-area housing market crash which doesn't affect the rest of the country.

Probably a pipe dream, but maybe not, as Vegas is facing some unique challenges right now, and they were also hit disproportionately hard during the 2008 crash.

I predict I will own a Las Vegas property by 2030, but how soon before 2030, I'm not sure.

---

I’m not sure you’ve heard but ZIRP is on the agenda for the next 4 years so unless Vegas has a Chernobyl-like incident there will be no meaningful price decline. That’s how monetary easing and inflation works and why children can’t buy homes.

There is an argument all our social problems flow from the home ownership problem. “The Housing Theory of Everything” is a fun read.

---

Disagree. Its only going to get worse in Vegas-

$7B worth of homes for sale in Las Vegas, highest ever, report says
Las Vegas Struggles With A Record $7 Billion Worth Of Homes On The Market

Quote:

---

Originally Posted by desertrunner

Quote:

---

Originally Posted by Sanlmar

I’m not sure you’ve heard but ZIRP is on the agenda for the next 4 years so unless Vegas has a Chernobyl-like incident there will be no meaningful price decline. That’s how monetary easing and inflation works and why children can’t buy homes.

There is an argument all our social problems flow from the home ownership problem. “The Housing Theory of Everything” is a fun read.

---

Disagree. Its only going to get worse in Vegas-

$7B worth of homes for sale in Las Vegas, highest ever, report says
Las Vegas Struggles With A Record $7 Billion Worth Of Homes On The Market

---

From your link

Quote:

---

The Review-Journal used Multiple Listing Service data to show that the median price of the homes sold in the Las Vegas valley was $480,000 in May. That's not too far from the all-time high of $485,000.

---

I need some context for what $7b represents now after all the growth. Hit me with a chart