Tuesday, January 06, 2009

It's started - the new Las Vegas migration trend

Back in 2006, when Las Vegas was exploding at the seams, with population increasing by over 6,000 new people every month - I closed one of my very first LV posts (link here) with the following statement:

"Once the LV layoffs begin, more homes will go into foreclosure, as people won’t be able to make their mortgage payments. Then businesses outside of the casino industry (local restaurants, retail, home improvements, beauty, health care, etc) will also begin to feel the pain. Eventually, a chain reaction of dominoes will begin to fall, and ultimately the number of outbound U-hauls will vastly exceed those inbound"
Well folks, unfortunately it looks as if my earlier outlook may prove to be correct, as the new trend seems to have started.

The latest trend: Leaving Las Vegas

Building engineer Tyler Young moved to the Las Vegas Valley 22 years ago from Tucson. And now he’s returning home.

Young, 56, said he quit his job at the College of Southern Nevada because he grew tired of months of dealing with hostile managers and regular news of salary freezes and layoffs.

“If I’m going to be looking for another job, I’m going to live where I want to live,” Young says. “You need to go to a place where you can better yourself and have a future. Here, it’s just going down.”

Young is part of the new migration trend: Clark County is now losing population, according to county officials — 10,000 from July 2007 to July 2008, based on the number of empty houses and apartments.

U-Haul measures the trend a different way: Are there more trucks coming to town or leaving? In 2007, outbound U-Haul rentals just barely outpaced those arriving here, the company said. In 2008 the number of outbound rentals was 1 percent greater than that of those arriving.

Among those renting U-Haul equipment in recent days to leave town was Larry Rhodes — but it wasn’t his choice. He’s lived in the valley for 15 years, working as an airplane mechanic, and doesn’t want to move. He and his wife planned on retiring here.

But Rhodes, 59, said he is being transferred to Riverside, Calif., because air travel to Las Vegas is down. And if he wants to be employed next month, he has to move.

“You just have to deal with it,” Rhodes says crisply. “That’s all you can do.”

A lot of people who left town in U-Hauls were construction workers at Echelon, Boyd Gaming’s partially built $4.8 billion resort that was mothballed Aug. 1 for want of financing.

Over the following three weeks, Daniel Lazo recalls, construction workers flooded the U-Haul store he works at in Henderson. They were all antsy to find a new town flush with jobs. There weren’t enough trucks at that store to accommodate all of those aching for a one-way ticket out of Dodge, he says.

“If you’re a working man, you go where the work is,” says a 45-year-old woodworker, picking up a 40-foot trailer at a U-Haul store in North Las Vegas. He refused to identify himself, saying he feared retribution from his union.

He said he’s angry at Las Vegas, casino executives, just about everyone, because of the economic climate that is forcing him to move his and his wife’s belongings back to Chicago, four years after they moved to Las Vegas. They bought a home and have a few thousand dollars saved, he says, but he’s given up any hope of a future here. “I still have some money, but I’m not going to give it to this place,” he said.

Dan Harden, 30, a pipe-fitter who has been without work for four months, hoped to be among those abandoning Las Vegas, where he’s lived for seven years. He planned to move into a house with his mom in his native Los Angeles — until she lost her job. Their plans had to be scrapped. So he’s renting a trailer to move his belongings from an apartment he can no longer afford to an apartment he’ll share with a friend.

In the meantime, he’s still looking for a job.

Suzanne Ross, 56, on the other hand, is making a clean escape. She moved to the valley in March after getting caught up in the housing bubble that burst in Southern California. She chose Las Vegas because of its promise of jobs. But she couldn’t find a permanent job, just temporary positions at call centers — so temporary, she says, that two-month gigs were reduced to four weeks.

“I’m used to having a steady job,” she says. “But that’s not happening here.”

And so Ross found herself at a U-Haul south of the Strip, signing papers to rent a 26-foot truck. She’s moving in with her sister in Rancho Cucamonga, Calif.

As she left the building, she turned back to the U-Haul staff and customers waiting on line. “Have a happy new year!” she said cheerily. “Gotta be better than last year.”

Best Regards



At 1/07/2009 3:13 PM, Blogger Shannon said...

Very interesting...how when the hubby and I first got here in early '06 this place was THE place and everyone wanted to move here (I never understood why). It's like LV was "The Promised Land." Now it's more like a nightmare people want to run away from and never return to. Geez!! Glad my fam and I are here just temporarily and that hubby has a steady gov't job!

At 1/08/2009 2:36 AM, Anonymous Anonymous said...

Never understood why anyone would choose to build a large city where there,s a limited water supply, the logic escapes me.

At 1/08/2009 12:16 PM, Blogger Superb Jon said...

Catholics destroyed American industry: Palmisano, Grasso, Damato, Langone, Dioguardi, Ranieri. The subprime construction mobsters had hookers deliver the mortgages to the banks. McCain's Keeting started it all. They find American cars too advanced for them to use or their mechanics to fix. Their slovenly, anti-intellectual work ethic produces vacuous, casuistrous blather. Ellis Island Popeholes brought in FDR. Carolignian Brzezinski spawned Zia al Haq, Khomeini, and bin Laden - breaks up superpowers via Aztlan and Kosovo as per Joel Garreau's Nine Nations. Brzezinski, Buckley and Buchanan winked anti-Semitic votes for Obama, delivered USA to Pope's feudal basket of Bamana Republics. Michael Pfleger and Joe Biden prove Obama is the Pope's boy. Talal got Pontifical medal as Fatima mandates Catholic-Muslim union against Jews (Francis Johnson, Great Sign, 1979, p. 126), Catholic Roger Taney wrote Dred Scott decision. John Wilkes Booth, Tammany Hall and Joe McCarthy were Catholics. Now Catholic majority Supreme Court. NYC top drop outs: Hispanic 32%, Black 25%, Italian 20%. NYC top illegals: Ecuadorean, Italian, Polish. Ate glis-glis but blamed plague on others, now lettuce coli. Their bigotry most encouraged terror yet they reap most security funds. Rabbi circumcizes lower, Pope upper brain. Tort explosion by glib casuistry. Bazelya 1992 case proves PLO-IRA-KLA links.

At 1/08/2009 6:14 PM, Anonymous Anonymous said...

I hope the gentleman in the photograph (Mr Tyler Young) isn't hoping for a much better situation in Tucson Arizona.
It hasn't gotten any better here in the past couple years either.

At 1/09/2009 8:58 AM, Blogger Justin_n_IL said...

Catholic, Jews, etc? I keep thinking of a line from the scriptures. It goes like this...........the root of all evil is the love of "money". The powers that be is a mixed bag of peoples, races, and religions.

At 11/26/2011 3:57 PM, Anonymous Valentine said...

This comment has been removed by a blog administrator.

At 4/27/2012 7:03 AM, Anonymous sama said...

A lot of people who left town in U-Hauls were kamagra construction workers at Echelon, was mothballed Aug. 1 for want of financing.

At 1/19/2013 10:39 PM, Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

Las veg has had a ruff time of it i guess you can say that theirs a time out in the game of gambling.


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