In The News: Lee Business School
Nicholas Irwin, Associate Professor of Economics at UNLV joins S.E. Cupp on Episode 2 of Battleground! Nicholas expands on the cost of living in NV, how it's impacting voters, and the crazy reality of rent & mortgage prices.
There is no way around it, the Las Vegas Valley has a big problem, said the leader of the Nevada Housing Coalition. “Straight answer is we have a housing crisis in every sense of the imagination,” said Maurice Page, executive director for the coalition.
North Las Vegas and Reno continue to battle for a spot as the third most populated city in Nevada, according to a new U.S. Census Bureau data. North Las Vegas was once a bootlegging settlement, and Reno in the northern part of the state was once known as “cow county,” but both cities have changed their image and economy over time — and size in recent years.
North Las Vegas and Reno continue to battle for a spot as the third most populated city in Nevada, according to a new U.S. Census Bureau data. North Las Vegas was once a bootlegging settlement, and Reno in the northern part of the state was once known as “cow county,” but both cities have changed their image and economy over time — and size in recent years.
Cybersecurity attacks on two different companies appear to be hindering some Nevada car dealers’ operations. Findlay Automotive has shared no updates on its efforts to address a ransomware cyberattack that has hindered its ability to sell and service vehicles for nearly two weeks. Operations at the group’s 17 valley dealerships were still affected Friday, one Findlay Automotive service center said customers need to pay in cash and that no appointments can be scheduled. Vehicle sales also couldn’t be completed.
With mortgage rates at a 20-year high and many homeowners locked into low rates they nabbed during the pandemic, fewer existing houses are selling in Southern Nevada and homebuilders are offering more incentives to get buyers into new homes.
The Las Vegas Valley could run out of land to build houses in as little as eight years, and this is definitely cause for concern, the leader of the region’s homebuilders association said.
If you're a renter, chances are your rent has increased in the last year. According to Redfin, the median rent in Las Vegas is about $1,500, while the national average is just over $ 1,600.
The Las Vegas metro region has one of the highest rates of rental burdens in the country, according to a new UNLV study. In Las Vegas, Henderson, North Las Vegas and the overall metro region, 58.3 percent of all renters are spending more than 30 percent of their income on rental costs. The U.S. Department of Housing and Urban Development states that a renter is “housing cost burdened” if they are spending more than 30 percent of their income on housing costs.
Remember the toilet paper crisis in April 2020? Not only was toilet paper hard to find, but even if you did find a few rolls, the price probably had quadrupled. While busy contemplating how to do our daily business without toilet paper, the entire nation also felt bewildered. How could this have happened?
The CEO of Red Lobster's parent company said he will never eat lobster again after the chain was forced to file for bankruptcy days after closing 100 locations. Thiraphong Chansiri, 58, is the CEO of Thai Union, a Thailand-based producer of seafood based products that owns a 49 percent stake in Red Lobster.
Balance transfer credit cards for bad credit would, in theory, allow you to reduce the cost of existing debt by providing a low introductory interest rate. Reality is a bit different, though. No major issuers currently offer worthwhile balance transfer credit cards to people with bad credit. Most bad-credit credit cards either require a security deposit equal to the credit line or have very small unsecured credit lines (some are from WalletHub partners). That’s because issuers want people with poor credit to prove themselves before giving them the opportunity to transfer their credit card debt.