All Forum Posts by: Alan F.

Working with a retiree couple right now in Carson City, and closing an 8 plex for a client down there in about a week.

Great, niche market and definitely slower pace than Reno/Sparks.

But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper.

Average age is significantly higher, and there is less to do downtown. But, a lot of people like that. Still close to Lake Tahoe and can go down to Minden/Gardnerville for an even more boutique, small town feel, or zoom up to Reno for a little bit of a higher pace.

It's a great spot in my opinion, especially for retirees. Not a ton of young professionals except in government roles (Carson City's largest employment option), or if they want a slower pace but are still willing to commute to Reno.

You know much more about Vegas than I do, but winters are colder here and summers are cooler as well. Not bad in my opinion, but not for everyone. Carson is actually very walkable if you're in the right neighborhoods, but definitely don't have anything comparable to the strip down there! Cute shops and a few slow paced casinos.

Hope that helps!

Carson city is awesome, beautiful area. Love Washoe valley. Gardnerville and Minden are way expensive and I don't like HOA's.

Are there building opportunities out hidden valley area? Seems like east of Reno there's buildable land. Any other areas?

I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.

Great thread, thanks

2 Votes

Reno, Nevada

Quote from @James Wise:

Quote from @Bruce Woodruff:

Quote from @James Wise:

Thought this was interesting....Trump may withhold aid due to LA's water policies.

About time. Although some people will yell that 'this is mean, of those poor people' it has to be done like this. Otherwise it would be like giving your teenage kid a new car, which he crashes, and you just buy him another one without talking about responsibilty and consequences.

Ya man, folks out in Cali are wild and have a lot of miss placed rage. Check out this PM I got from a BP member.

How typically "Californian"🙄

0 Votes

Quote from @Bruce Woodruff:

I have noticed quite a few posters lately that are requesting help, opinions, prices and information on their properties where a good answer would require either the square footage, the location or both....and they provide neither. This is not the first time, but I noticed a LOT of these this past week.....

So I would request: if you're going to come on this great forum and request our help, could you please give us the SF and location of your property?

Wholly agree, we're trying to help people. It's hard enough trying to interpret the big picture, the less info they provide the less effective we are.

Newbies; help us help you

1 Vote

Quote from @Bruce Woodruff:

Quote from @Alan F.:

Quote from @Bruce Woodruff:

Quote from @Alan F.:

Looks like another fire....top of the grapevine around Castaic. Winds look really high 😔

That's not near to many properties is it?

Pretty sparse....some nice homes in Castaic proper. The town of Gorman is up there. The wind is freaking howling. Looks like 5 is shut down, probably being used as the fire break.

That's up by Magic Mountain, right?

Pretty much, 5 shut down right there at magic mountain and closed all the way over the grapevine to the truck stops at Lebec. The fires mostly on the L.A. side of the hill. East of 5.

0 Votes

Quote from @Henry Clark:

Has the governor asked the president to declare a national disaster?

Supposedly he's flying to LA on Friday

0 Votes

Quote from @Bruce Woodruff:

Quote from @Alan F.:

Looks like another fire....top of the grapevine around Castaic. Winds look really high 😔

That's not near to many properties is it?

Pretty sparse....some nice homes in Castaic proper. The town of Gorman is up there. The wind is freaking howling. Looks like 5 is shut down, probably being used as the fire break.

0 Votes

In N Nevada? IDK bout that. I think Vegas area is more likely.

0 Votes

Reno, Nevada

Quote from @Jake Andronico:

Quote from @Alan F.:

Quote from @Jake Andronico:

Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.

Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.

This will simply causes prices to be even higher, and continue to constrict demand...

The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.

With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.

Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis

Releasing Federal Land for private sale?

I know this is also a National issue, especially in land constricted markets. What do you see out there?

Curious to get everyones take.

I just paid my contractors liability insurance and it went up another 40%. That's a total of120% since 2019. My broker says more hikes to come.

Building codes are getting much stricter and I suspect heading your way. Every circuit in a house is now afci/gfci. Must have solar, ev charger etc.

My materials distributors are expecting more inflation.

Homeowners insurance is still going up.

I wholly expect CA residents to continue to move there (wished I'd bought there! Lol)

So I think its very reasonable for you to assume prices continue to rise there.

Wow, that's a ridiculous jump in that amount of time.

Our industrial and commercial spaces have been much more lenient, but it needs to come into residential as well.

Amazing if you already own or are getting in at a price point that makes sense.

One thing that not many people talk about too is how there is disincentive for current homeowners to curb affordability.

That ultimately means their property value goes down, and around 65% of the Nation are homeowners:

https://fred.stlouisfed.org/series/RHORUSQ156N

Great point Jake. I highly suspect N Nevada is going to see ongoing demand. Lots of folks here on the western slope look to move there. Even further out too. I can see a day where rural areas east of you are in demand. Imagine super commutes into Sparks!

There's still alot of Boomers in the Bay Area to retire

3 Votes

Reno, Nevada

Looks like another fire....top of the grapevine around Castaic. Winds look really high 😔

0 Votes

All Forum Posts by: Alan F.

Alan F. has started 14 posts and replied 943 times.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Failed Leadership is why California is on fire.

Post: A pet peeve

Post: Failed Leadership is why California is on fire.

Post: Failed Leadership is why California is on fire.

Post: Failed Leadership is why California is on fire.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Failed Leadership is why California is on fire.