You really are unable to understand this.

You don't do the analysis this way. You take the historical ROI subtract the historical inflation rate, then you have the historical real rate of return.

ROFLCOPTER

You really think you had better grades than me? We could add in logic with the stats classes.

If it does not cost more than $10 why are you even bringing it up? More lolz

25 is not elderly. And I'm not a woman. As if a 25 year old woman can't do it. Even more lolz

Again, I would not do it. I don't need to. But I know of plenty of people (even a guy who probably has 10x net worth of the wealthiest poster in this thread) But I could, as well as 95%+ of the population who can walk without a cane and spell "idiot".

I'm getting a kick on you suggesting how to invest $1 million. Keep going. I like to be entertained.

You're incredibly naive. I'm bringing it up because you're lying about what I said. Flat out lies. Second because things are possible doesn't make them reasonable. Expecting an average person to change their own oil is ridiculous. Furthermore, most newer cars are moving to being unable to change your own oil. In 20 years I doubt it'll even be an option.

Changing your oil because you want to and changing it because you have to are vastly different things. I could pay someone to chop firewood for me, I could buy an axe for more efficient shopping, I could buy real firewood, etc etc. But I choose to go outside and smash logs with a large blunt object because... I like it. Am I going to try to push this ridiculous activity on everyone else (as if most people are even physically able to do this?), obv not being I'm not a GIANT ****ING MORON. You seem intent on projecting ridiculous activities to live a barely above poverty level existence coupled with an inability to do basic math (but you're not the only one, see YoungEcon's failure at counting).

As if LV got moved to Europe. GMAFB

Yes. I'm sure the exorbitant prices in countries like Bulgaria/Romania/Ukraine/Latvia are all blowing away the cost of living in Las Vegas. Clearly I'm projecting my downtown Tokyo-esque lifestyle to just a simple man living in Las Vegas.

Lying about paying < $1 for powerbars? Nope.

You are a moron, if you rely on me changing my car's oil (which I already said I won't) to satisfy my budget, which is a completely pointless exercise.

You are a moron if I can buy a new house in LV, in a decent neighborhood, 10 minutes from the strip, buy a new car, eat quality meals, pursue activities that others can't (because they spend 70% of their time awake WORKING), don't need to drive more than 20 miles/day because I don't commute because I don't need to work at some place I don't want to go to, have almost $1,000/month left over after my essential expenses are paid (including saving for a Roth IRA), and you think that is POVERTY.

LV. Fine.

Sigh. The flaws in your budget are numerous and it doesn't account for inflation.

If you apply your fail w/ the $4,000 car budget, gg.

Avg. inflation is easily manageable. Just because you can't manage your finances does not mean others can't.

Does the US have something that is the equivalent of MLS.ca for property listings? I would like to see what a $140k place 10 minutes from the strip looks like.

After you thought a Fit was a car I just need to make sure we are not talking bout a tool shed in a parking spot.

I could have used a Civic which actually has better resale value and reduced my budget, but whatever. If you can't concede these are "cars" there is probably not much hope.

LV real estate is ridic. cheap.

Try yahoo real estate. Of course many of the prices you might see are typical asking prices, which do not reflect actual transactions. You will need actual sales comps to get a better idea of what is transacting.

Here is a brand new 3br+2.5bath home for $159,000, which is bigger than we need but in the ballpark. About 7 miles from the Bellagio.

Yeah. But you can't login. There are some websites. Some markets will sell for like ~98% of list prices, whereas others won't. Some houses will have artificially low list prices to generate a ton of offers on a rehab. Etc etc.

I'm getting the most laughs that he seems to think I'm trying to use absurd pricing for a regular life in Eastern Europe. I just take language classes and **** teenage girls. There is no high dollar lifestyle that I'd want to lead, as much as I'd love to hang out with Russian gangsters and chicks that look like Lady Gaga cross dressed with a stripper. Apparently though Eastern Europe is pricey compared to LV. This is news to me having been to both and with extensive friends living in the LV area.

ETA: I wonder if this is the hood btw.

10 minutes.... So a 70% increase in time... is meaningless... nyze.

LV. I don't care what you spend in [fill in the blank].

lol

This is getting even better. We can only grind out our retirement in LV nao.

1658 sqft with three bedrooms. That is quality leaving. I guess a twin bed is all you'll need as you'll be sleeping alone and having to roll over the bed to get to the other side of the room isn't that big of a deal. Not to mention the home is actually about twenty minutes from the strip not ten and the magic words "starting from" meaning if you get the cheapest of cheap finishes you can have it for this price.

Is this really the way you want to live? I mean seriously -- not well I can't afford more so I have to -- but actually you want to live like this?

I think every point you made here is wrong. (except the size of the home)

Elaborate?

As if tens of thousands did not "choose" to retire in LV, when they had other choices available.

Most new homes offer a 3%+ co-op + throw in stuff to get you to buy it, esp. if it is a slow market.

And LV is a slow market.

So? You might get a few upgrades thrown in but the finishes are still going to be crap and if you want better one you have to pay for them.

You didn't answer my question. Is this really your dream to live like this?

Who knows what the "finishes" will be? AFAIK you might get a decent # of upgrades. The LV market is beyond slow. And this is the first home I found when I did a random search for new homes.

Is it a "dream"? Of course not. Is it comfortable living near a major resort destination to where millions of people travel annually? Yes. Is it "poverty"? Not by any reasonable definition.

Living in a closet is not comfortable.

I would consider this poverty.