All Forum Posts by: Stan Wu

In the market and coming up with some challenges. Appreciate what this area has to offer and reached out to several agents and PM. Let’s talk everyone 

Kathy Choi:  Do consider there are natural and reasonable equations for this.  During lock down, it was locking down people who had covid. They just were tested and they have been infecting others unknowningly for weeks.  The first set are just starting to question themselves and get tested.  It is true , more testing, more cases found.  It's actually ok to get bigger spikes.  Also be aware that Covid deaths can be that the person died of another reason (cancer, car crash, gun shot) and it will show up as a person with covid died. 

On the a traveling fans of Vegas group, people are trying to go, after they return, most didn't have a joyful experience. Like many in California who visit Vegas often, there doesn't seem to be any incentive.  "2 free nights Tuesday-Thursday" is the same it was always.  Casino's can make a lot of $ per square foot but haven't seen any establishment invest in 10 tables or 20 slots with super clean and fun entertainment.  Throw in curly fries, hotdogs, soda (all so cheap while average lost is $200) for an area of 5'x5'.  Itching to go but more risk (covid & risk of not having fun) .  A big animal convention was cancelled 40 days before it was to happen at Mandalay Bay.  The pet organizers made an last ditch effort to put $20 towards the $80 room charge.....WTF did Mandalay put in?  They needed to discount that thing big time 2 months out but casino didn't.  Casino would rather lose 100% instead of 60%.

Now back to real estate: with high dependency on tourism, crisis and no creative ways to draw crowds.  The employed in that town are doomed and many are now.  I think it's too soon to see real estate fluctuate but there is no denying the charts and graphs: things remain steady and active.  I speculate real estate will follow the biggest player: casinos that are acting bad.