It starts in Las Vegas.....Red Alert.

53 Replies

Same stoopid bot. Same wrong info. 

Ps. You should take over the fed since they’re obviously planning on raising rates again, several times in fact. 

I have never heard that hotel room prices is correlated to housing price.

If they are correlated, and if I were a hotel owner like Steve Wynn, I could have manipulated the housing market and stock market easily by reducing or raising room rate any date.  Hahaha... LOL

Today, I set all the room rate be $1 per night, boom, all the housing price fall to $10k each house, then I can buy all the cheap houses.  After buying all the cheap houses, next month, I raise all my hotel room rate to $500 per night, boom, all the houses raise from $10k each to $400k each house...

It is fun.  Hotel room rates can control the housing market price...

LOL

That isn't recession pricing, it's mid week deals.  I go to Vegas at least 2 or 3 times a year and get similar rates or even lower at 4 star resorts on the strip, not off strip like the Palms.

@Account Closed I don't stay at Circus Circus lol that place is a dump and has been for years, would be lucky to get 1 star.

I am also invested there and have been going there for years.

If you want to sell than sell.  Run for the hills.

I had $29 deal per night at Gold Coast casino in 2015.  Was 2015 in a recession?  Certainly not.  

Casino sometimes offer good deals during slow season.  Summer is just over. School just begin.  It is normal to have good deals sometimes to attract more tourists, not a recession.  

@Bill Brandt   well try to buy an airline ticket or hotel in Hawaii right now.. prices are double 5 years ago

and Hawaii can be a good barometer..   Best economy ever there at least in the tourism sector.

lower hotel rates in Vegas to me mean more flights more meals more rental cars  more ubers more everything..

Maybe I am wrong.. 

Summer rates have always been discounted especially midweek. Off strip hotels like the Palms and Rio rates are discounted against the strip ones. Once the fill the hotel rooms for low prices they kill the tourists on parking fees, resort fees, food and entertainment  We still get 45 million tourists a year  Don't see how home prices are impacted  

If a mid  week deal at the Palms is enough to trigger someone into a "Red Alert - Recession Alert - Sell Alert"  then they should sell their properties.  Why lose sleep and be stressed out?  Life is too short.

Originally posted by @Lisa Lopez:
Originally posted by @Jay Hinrichs:

@Bill Brandt   well try to buy an airline ticket or hotel in Hawaii right now.. prices are double 5 years ago

and Hawaii can be a good barometer..   Best economy ever there at least in the tourism sector.

lower hotel rates in Vegas to me mean more flights more meals more rental cars  more ubers more everything..

Maybe I am wrong.. 

 Hi is so not a barometer.  HI sailed through the last recession like nothing happened.

 so not true.. tourism hit an all time low.. prices dropped like everywhere else. they did not crater but they dropped.

lots of different things going on that will help Vegas.. one that is major is SALT/.. I know I bought a home in Summerlin and changed myh residency.. and I suspect I am not the only one.. who is not chained to a desk or certain area.. 

Those $55 rates were for labor day week Monday to Thursday.  Don't know Vegas well.  But with kids going back to school, etc. may not be a busy few days.

Originally posted by @Account Closed :

i check prices almost 2-3 times a week.  Im invested in Las Vegas.

On the strip 4-stars  no way you get $55,$65,$75,$85 not since 2015.....................maybe $86.

 maybe you need to check Ballys for example:

Book your August through February three night, weekday stay now for $99 in a Resort King or Queen room type. Book by August 27, 2018. Offer valid Sunday through Thursday only. Three night minimum stay required. Additional taxes and fees apply. Must be 21 years or older to book hotel rooms. Not valid with any other offer. Offer subject to change at any time.

Or go here and see plenty of low rates

https://www.lasvegasadvisor.com/hotel-deals/