Leading Indicator: Las Vegas Economy Sends A Major Warning
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0:00 Intro
1:30 In Focus: The Las Vegas Indicator
2:30 Stock Plays: Vegas vs. Macau
Outro Music: Bella Macchina - Lonov
Comments
As a Canadian, I can tell you the border crossing has become pretty hairy as well. The whole culture towards anyone isn't Lilly white has become suspicion first, not as welcoming as before. No Canada isn't the fentanyl capital of the world whatever mango man says
MPH
2025-07-03 02:58:49 +0000 UTCIt's been slowing down in a number of markets last year and has accelerated this year. Not NY / IL / northern markets where price appreciation wasn't ludicrous, but places that dodged the last one (TX specifically) and includes CA/FL/TN/AZ/NV/SD/ID. You can gauge the housing market health by the # of listings vs. sales and time on market. The listings are spiking in those markets because sellers want more than people are willing to pay and are clearly desperate as they drop their prices fast and no one is biting. Yes, it's that simple. And the investors sell first factor. Hell, in FL you can buy a house from the builder *cheaper* than a homeowner trying to sell due to incentives and special builder loan rates. Due to the RTO [return to office] policies a lot of companies have deployed, a lot of folks are trying to get out fast and get back to wherever they came from. I'm waiting for the day when I can buy a house with a couple of ounces of gold. Although I'm considering selling and moving before my area gets affected; RTO is making that complicated if I want to stay employed. I just don't know yet if I can stay fully remote (was in SD but moved back to Chicagoland after covid crazy died down). I own my home free and clear. There are not enough houses on the market here to meet demand, just like in upstate NY. So you have a buyer's market. Other areas, not so much.
Andrew P.
2025-07-03 01:15:28 +0000 UTCMaybe everyone's just waking up to the fact that [apple's] 150% margin is too dam high.
Andrew P.
2025-07-03 01:08:36 +0000 UTCMav!!
Stavros Deriziotis
2025-07-02 13:15:19 +0000 UTCDisagree about a housing market crash. As a Boomer living in many parts of the country I have seen these "downturns" before. This time cheap money kept it from happening. Of course when I lost $50k on a $270k house the downturn felt like a crash.
Sayre1121
2025-07-02 12:45:45 +0000 UTCHe critized Biden daily
Reggie
2025-07-02 12:28:19 +0000 UTCYou talk about the middle class being broke in every video EXCEPT this one. Dude after 4 years you’re losing me
Dan Heath
2025-07-02 11:10:37 +0000 UTCForget the fact that Canadians are broke and LV is insanely overpriced. ORANGE MAN BAD
Dan Heath
2025-07-02 11:09:00 +0000 UTCPlease address how AI is gonna take our jobs yet nvda is dead?
Robert Molina
2025-07-02 10:29:13 +0000 UTCOh, Trump's fault, I see. Keep banging that drum Mav. Orange Man controls your brain. There are many factors, sure, the King's global policy might be squeezing the Canadian soy boys and girls, but Vegas is getting it's ass kicked by Chinese competition. Here's a less non-TDS summary. In summary, the economic downturn in Las Vegas in 2025 is driven by declining tourism and gaming revenue, reduced travel, economic uncertainty, and consumer dissatisfaction with rising costs, compounded by structural shifts in the gambling industry. While conventions and diversification efforts offer some relief, the city faces significant challenges in maintaining its status as a premier entertainment destination.
Longrun
2025-07-02 09:41:27 +0000 UTCVegas local here. You're absolutely spot on. Even though my community "Desert Shores" is supposed to be old-school and upscale, we've non-stop drifters and homeless passing through. Summerlin is getting rougher.
Angel
2025-07-02 08:14:05 +0000 UTCI like this "in focus" macro-economics.
Solid 15
2025-07-02 07:09:36 +0000 UTCGood review and accurate. Lots of issues in Vegas, too much hotel expansion, greed beyond comprehension on the strip, they p..sed off the locals big time, parking fees, crazy prices, new rules and changes that often do not enhance the experience, removing stuff we like. Its a perfect storm. I would be happy to see most of the casinos in the gutter. Greed. The majority of locals NEVER go to the strip. Its an expensive sh..t show.
Contrarian
2025-07-02 06:32:31 +0000 UTCThings still seem bright where I am in the Silicon Valley… but TBH just about ready to make the jump to light speed out of here to paradise valley
Rob
2025-07-02 06:18:15 +0000 UTCIt’s up to you… we are counting on you! (I’m too far)
Rob
2025-07-02 06:15:39 +0000 UTCNever thought I’d hear Vegas sound so depressing
CanceledMisfits
2025-07-02 05:35:14 +0000 UTCAnd yet we are just waiting for the trigger to go to all time highs AGAIN. These indications say it will continue. Make money both ways be ready. That's what I have taken from Mav.
Cris Brown
2025-07-02 05:34:16 +0000 UTCI feel it in restaurants in Houston as well, empty, also stripper indicator, girls are not making money 😎
Konrad Molski
2025-07-02 05:09:18 +0000 UTCHonolulu too
Jane C
2025-07-02 05:06:21 +0000 UTCAI dealers?? They’ll name it Pocahontas cause she’ll be scalping you
CanceledMisfits
2025-07-02 05:05:30 +0000 UTCFirst
Tommy T
2025-07-02 04:59:03 +0000 UTC
