All Forum Posts by: Account Closed

anyone think pre-pandemic prices maybe the target of the government?

Thank you @Ryan Normand!  I appreciate your response especially because you work in the desert too. This has always been a question of mine and the internet takes me down a forever rabbit hole for shower pan weep holes. Your explanation makes perfect sense to me. Have a great day. -Heidi

@JD Martin

Here is an example of the types of tile shower weep holes we have in Las Vegas. This is an example of a builder shower from the 90's with no caulk. My understanding is weep holes are built into the shower pan for condensation between materials that are influenced by different temperature zones (outside wall). We always remove the caulk when we see a shower weep hole covered.

@Ryan Normand @JD Martin @Will Barnard since we are on the topic of showers could you give your opinion on weep holes. We do *not* caulk them. However, sometimes we take over houses for property management and the shower's weep holes have been previously caulked by a homeowner or a handyman.

1) is it worth removing caulk from a weep hole

2) have you seen damage occur from a caulked weep hole?

Thank you.

-Heidi

@Ryan Normand @JD Martin @Will Barnard Thank you all for weighing in and providing guidance. We will proceed with our standard tile vendor on this job. Much appreciated!

Does anyone have experience using this American Standard material to rebuild a shower enclosure? Typically we use 12x12 tile with a pan but a vendor is recommending this product from Home Depot.  

Doesn't seem better than tile to me...vendor is saying it is better than tile for water intrusion (Las Vegas has 3rd hardest water in the nation). 

Labor/material cost is about the same as a 12x12 tile.

If you were trying to buy a house last year or you were taking out a $450,000 mortgage, that same payment right now would only buy you a $315,000 mortgage. Mortgage rates turning housing market into 'world of two buyers and two sellers': Expert  Here's the Yahoo article

I just read this article from Yahoo Finance last night and this thought never came to mind. If really 3/4 of pandemic Buyers have Buyer's remorse that is a crazy high percentage. I still believe the real estate market from Summer of 2020 through May of 2022 will go down in history as a pandemic fueled artificial growth real estate market...especially for Las Vegas.

article excerpt: Many homebuyers either overpaid or made compromises on what they wanted
Nearly three-fourths of Americans who purchased homes in 2021 and 2022 have regrets, according to Anytime Estimate’s American Home Buyer Survey, which was released in September.

“Pandemic-era buyers really faced these unprecedented conditions,” says Amanda Pendleton, home trends expert at Zillow.

“This combination of rising prices, few options to choose from and that extreme time pressure meant that some buyers really ended up at a home that was less than ideal.”

The survey showed that respondents paid a median amount of $495,000 for their home — with almost a third paying over asking.

to me the scary part is middle America and the general public is busted. I review financials daily for rental applications and the amount of debt the general public has is mind boggling. It's a payment based world and most are maxed out with their payments along with significant credit card/medical debt.  

@Carlos Ptriawan totally agree. iBuyers and institutional investors have had an impact on Vegas prices. There are so many factors that have impacted our local real estate market the last 24 months...it's not just 1 thing. Good stat on Open Door. I was unaware of their Vegas inventory numbers.