time: 20:23:33 12/11/2018 view: 263
For decades Nevada was one of the few states in the U.S. without a single professional sports team. But that’s changed.
2018 brought professional basketball to Vegas as well. The WNBA Aces (formerly the San Antonio Stars) joined the community and quickly built a steady fan base.
The Lights have brought soccer to our fair city.
And with the Raiders set to start the 2020 season in Las Vegas, our desert community has quickly become a mega sports hub.
That’s not counting our college teams or our long-time Triple A baseball team.
The influx of professional sports has brought even more tourists to our already travel-dependent economy. But many are wondering how the changes will affect the local real estate market.
While there’s no way to know for sure, there are indications that the already booming housing market might see some small boost we can credit to the new professional sports teams.
Of course, the increase in taxes that come with new stadiums can have a negative effect.
To get a better idea what real estate professionals in the area think about the issue, I reached out to Las Vegas Shorewood Real Estate. Here’s what one of their realtors had to say:
“I don’t believe the market will be affected by the teams coming here, other than maybe the luxury market could see an increase with players buying homes.”
That raises an interesting point. The players and their families will need homes, so the luxury market should definitely see at least a little boost.
But I think we will also see an increase in condo and maybe even small home purchases as super fans and those looking to capitalize on the vacation rental industry buy. People will be traveling here for games, and they will need someplace to stay.
The hotels are often expensive and get booked quickly during big events. So, those who buy season tickets will need a place to stay when they come. A nearby condo is just what they’ll be looking for. And investors will be buying up the same to rent out to those travelling here for sporting events.
U.S. News did a report on the effect of professional sports teams on their local real estate market in 2016. They found that, according to a Trulia study, homes near Major League Baseball stadiums have an average of 15% increased value over homes in surrounding areas.
New teams mean new stadiums, and new stadiums mean new jobs. So these factors might also have something to do with the numbers.
It remains to be seen how the new professional sports teams will affect the Las Vegas real estate market. But I for one am glad they’re here!
To read more about the Las Vegas housing market, click here.
time: 01:12:44 12/11/2018 view: 565
Folding homes range from approximately $30,000 to well over $100,000. There are several options for providers. There is a company out of China using containers to create folding homes. These require you to have a few friends to help unfold it and set it up. But, it seems rather straightforward. Depending on your terrain, it is possible you can get away with just using gravel for a foundation, instead of cement.
Starting at $33,000 M.A.D.i homes make several options that include various square footage’s and cap at $73,000. Again, you don’t need a concrete foundation for this. It may take up to 60 days to be delivered. However, once you have it ... only 5 to 6 hours to set-up with a crew of 4 to 5 people.
Habitaflex folding homes have a built-in crank system to help it unfold. Additionally, it is also recommended that you use a series of jacks to setup. You will need several very strong friends! This option seems to require a little more manpower than the previous folding home options. However, the quality seems a bit superior to the two prior choices. The walls are made with 2 X 4’s and spray foam is used for insulation.
Ten Fold Engineering has created a folding house that starts at approximately $129,000. It has an intense hydraulic system to assist the process. Likewise, the cost reflects that. This manufacturer has produced several options varying in both size and design. You may not save as much by purchasing one of these houses but you will definitely gain a spectacle of a home.
One final and important fact when considering folding homes; you will need to produce your own sewage system. It takes a particular personality to take on a project like this. The word tenacity comes to mind. If you like to meet challenges with interesting solutions, a folding house could be for you. But remember, no man is an island. You will need dependable and adventurous friends!
time: 01:22:27 12/08/2018 view: 1918
We’ve all felt the bite of the 2008 financial crisis. Homes were lost and jobs were scarce. It has been a rough decade. Millennials in particular have been blamed for failures of which they are not responsible. The fact of the matter is — we’ve been here before. We came back strong following World War II and we’ll do it again. Our current housing market looks a lot like our 1950’s market, only better.
The 2008 Financial Crisis parallels the Great Depression. Following the 1929 stock market crash things were beyond rough for the American public. Even the rich were throwing themselves out of windows. People were starving and the government was killing pigs. Nothing made any sense.
Congress passed plenty of legislation to help the common man. Much of it we still benefit from today. Social security, Medicare, a 40 hour work week and the minimum wage were all created by the New Deal during the decade preceding World War II. Nevertheless, housing remained an issue well into the 1950’s.
Many who lived through World War II will tell you that it brought the United States out of the Great Depression. The war department took over auto factories and began building bomber planes to sell to England and France. If there wasn’t a large enough factory already built, they would contract out the job for a quick turnaround. There was money to be made in fighting that war and America needed it badly.
For the most part this new construction took over any home building. A rare exception was a Navy base in Virginia. The military petitioned two brothers from Rhode Island to complete the task. The Levitt family had been in real estate for decades. Their father had to foreclose on many friends and neighbors following the stock market crash of 1929. Having difficulty reselling a foreclosure the father and brothers decided to build another house on the property. The newer home proved successful.
The Levitt Brothers built almost 2,400 homes in Virginia. These homes were built simply and efficiently due to the demand. The Levitt brothers realized the potential in these “cookie cutter” homes. They would go on to build tens of thousands more following the war.
Between the end of World War II and the early 1950’s, the United States government released 11 million service men and women. This created a major need in housing across the country. The 1949 Housing Act affirmed “…a decent home suitable living environment for every American family.” Combined with the GI Bill that afforded servicemen VA loans, the United states was ready to move forward from the Great Depression.
Thanks to the automobile people were moving out of cities and into more rural communities. Suburban neighborhoods were all the rage. Finally, the economy was robust again and life was moving forward.
Yet, the similarities between the after-math of the Great Depression versus the Financial Crisis of 2008 are uncanny. According to an article written by Tyson Freeman for the National Real Estate Investor, “Instead of a steady surge in construction directly after the war, Americans endured steeply rising home and apartment prices. Fortune magazine dubbed the housing industry “the industry that capitalism forgot.”
Our government was focused on increasing the job market and providing employment for these returning servicemen. A war department propaganda campaign included ushering women who had been employed during the war back into homes following the win. As a result, many American women were marrying for financial stability. Families ensued and homes were required.
Following the World War II build out we had 55% home ownership in the United States. This was a move in the right direction. Rising home construction was an important part of that. To keep up with the demand, suburbia was born. Families moved into “cookie-cutter” homes and bought a hoover vacuum cleaner.
Whereas, our culture now marries and has children later, we still like to be homeowners. It may be the greatest part of the American dream still. Currently, we have 64.4% American homeowners. Much like the surge of rent prices and home values after the war, we have seen the same since the 2008 financial crisis. According to the Wall Street Journal, less than 900,000 new homes will be built this year. This is 103, 000 less than our current demand.
Furthermore, our Millennials are doing their part to increase percentages. Approximately 43% are already homeowners. Additionally, 88% that are not yet homeowners have it on their wish list. Despite lagging salaries and their school loan debt, Millennials are picking up the slack. Turns out they aren’t long-term renters after-all. Now let’s talk about those Baby Boomers …
time: 23:20:02 12/06/2018 view: 2278
Most of our military service men and women will testify that keeping up morale is a major priority, particularly in times of war. World War II was no exception. As a result of Pearl Harbor, the U.S. found itself pulled into a war we had hoped to stay out of. Soon thereafter, the War Department saw an opportunity to build morale using a popular American sport–football. Remarkably, it proved successful.
The game of football played a major role in building comradeship amidst the ranks. Young men across America immediately signed up for duty, among them former and current college or national football athletes. By this time, the sport was an all-American past-time. Thus, the war department used football to motivate as well as, cross-train cadets. Creating an environment of comradeship combined with elements of physical agility and teamwork, fueled successful missions throughout the war. Undoubtedly, it also helped soldiers feel at home when they were in fact, far away.
Final paragraph, "No British or American camp is ever really considered complete without a football." This book can be read in its entirety through the Library of Congress website at the link found below.
A book solicited by the war department entitled, “A Peep at the Front” depicted what the war front was like to young boys at home. The final chapter, 'Sportsmanship at the Front' detailed how football was an important part of the military services culture. Likewise, it alluded to the fact that the German’s knew nothing of such physical prowess or team coordination. As a result, the German’s were sure to lose the war. And so they did.
Remember your high school football team doing tire drills? The servicemen football experience is where those came from. Military training used these physical exercises first. According to Eddie Dooley’s, “ The Service Teams," a sports writer stated, "Football is a body-toughener. Football lights the fighting spark in fighting men. It develops aggressiveness, teamwork, stamina, physical and mental coordination under active stress, and therefore it holds a foremost place in our national wartime training program. Teams by the hundreds are in formation at various Army camps and posts and Navy bases. The greatest participation in the history of the sport will be entered in the records of 1942."
In late 1942, the War Department began to promote organized football exhibitions. Universities across the U.S. had been depleted of football players as many had enlisted. In an effort to provide some form of sports entertainment, servicemen football teams were put in rotation. This allowed college football to continue during the war despite a lack of players.
Additionally in the same year, the U.S. Army named two "All-Army teams" of approximately 60 players per unit. One located in the East and one in the West. They were referred to as the "Million Dollar teams". Reason being, their primary purpose was to raise $1 million for the Army Emergency Relief fund through a series of exhibition clashes with the professional teams of the National Football League.
We lost 19 active or former NFL players during World War II. Yet, we had an incredible record setting football player come out of the Army service football team. Felix Anthony "Doc" Blanchard became the first ever junior to win the Heisman Trophy as well as, the first football player to win the James E. Sullivan Award, both in 1945. Following playing football for West Point/the Army, he served in the United States Air Force from 1947 until 1971 when he retired as a colonel.
The service football teams remained intact even after Japan surrendered on September 2, 1945. It was believed that war with Russia could ensue and the war department wanted their servicemen ready for battle. Continuing the football league was a way to retain both agility and comradeship among the enlisted. This Saturday's annual Army-Navy football game will air on CBS at noon, December 8, 2018.
time: 17:56:59 12/06/2018 view: 2119
This weekend’s Army-Navy football game comes with a long history that most sports fans may be completely unaware of. Initially, all active service divisions were represented, including the Coast Guard. This division withdrew in 1932 citing too few men available to continue. At that time, the Navy team were referred to as Marines. The Marines had already won 5 of the 7 games they had played. This ‘league” was picking up steam and they had their fair share of Presidents to bring attention to their games.
Left to right: Major Paul W. Baade, Army Athletic Officer; Staff Sgt. Harry O. Troupe; Pres. Coolidge;
Coxwain Claude A. Ezell, U.S. Navy, and Lt. Commander H. Bryan, Navy Athletic Officer
White House,Washington, D.C. Photo: Library of Congress Archives.
This annual football game was first played in 1891. President Calvin Coolidge presented a trophy cup to the service football division in 1924 to honor future annual winners. Later in 1945, the Army-Navy football game was declared the “Game of the Century“. It turns out there was a reason for such a proclamation. The Army’s linebacker and fullback, Doc Blanchard took home the Heisman Trophy that same year.
However, the following stats are from the service football games begin in 1972. There is a reason for this. The trophy cup that Coolidge provided in 1924 has dropped into oblivion. (If anyone knows where it landed, I’m keenly interested in knowing!) Furthermore, the current Commander-in-Chief trophy is credited to have been initiated byAir Force General George B. Simler, a former Air Force Academy athletic director. Simler envisioned the trophy as a means to ensure the annual series of football games for the Air Force Academy against the Military Academy and the Naval Academy would continue. Ultimately, the trophy is jointly sponsored by the alumni associations of all three academies.
Although all three major networks have hosted this game over the years, CBS currently holds the rights through the year 2028. Whereas, the game used to be played on the Saturday after Thanksgiving, it was moved to the first Saturday in December and now the second Saturday in September. Thus, the Army-Navy annual game is the “final game” among the college teams.
It has long been claimed that these team members play solely for the love of the game. Reason being, these men are required to fulfill a post-graduation active duty term. This military service is typically two-plus years. As a result, having completed their active duty these servicemen are often considered too old to play or with injuries that prevent such.
However, a few have proven otherwise. Perhaps the most memorable is Roger Staubach, trophy winning quarterback. This Hall of Fame athlete saw two Super Bowl victories with the Dallas Cowboys. He played for the Navy in 1965. Phil McKonkey played with the New York Giants as both a wide receiver and return specialist. In addition, McKonkey lavished in his Super Bowl XXI win with the Giants. Phil also played for the Navy – in 1979.
To further credit the Navy, running back Napoleon McCallum played for the Los Angeles Raiders beginning in 1986. (Soon to be the Las Vegas Raiders in 2020.) Running back Kyle Eckel, (Navy, 2005) was a two-time Army-Navy Game MVP. Moreover, Eckel played in the Super Bowl twice during a five year career. Firstly, with the New England Patriots (Super Bowl XLII) and secondly with the with the New Orleans Saints (Super Bowl XLIV).
To my knowledge the Army hasn’t had a pro football player yet. Although, they did have Doc Blanchard win the HeismanTrophy. If they have had a pro football player and I’ve missed him–let me know. Thus far, the Navy holds the upper-hand at 57-41. This is a bitter-sweet decades long battle and we want the Army to have their fair share of victory too. This year’s game airs at noon on CBS this Saturday, December 8, 2018.
Honorable mention: The Air Force Falcons joined this football battle in 1959. To date, they have won the Commander-in-Chief trophy a record 20 times. The Navy Midshipman’s have had 15 wins, while the Army Black Knight’s have a mere 7 successes. However, the Army Black Knight’s are the current Commander-in-Chief’s Trophy holders. More importantly, the Black Knights are on a 7 game winning streak. They are currently at 9-2. Meanwhile, the Navy Midshipmen are at 3-9 for the season. May I be so bold as to proclaim I think the Army is going to keep it?
View the Army’s interactive website detailing the new black and red uniforms they are debuting this weekend. It gives an overview of their inspiration — the WWI First Infantry division. It even includes the infantry’s motto!