Dealers - What do they make? Part Two

I thought I%26#39;d hijack this topic from the other post to ask a related question.

Okay, so assuming that *MOST* dealers do not make $100,000, that a good majority of dealers all over town make $30-60k per year (is that a fair, broad stroke?)... . my question is where do these people live? It%26#39;s not like you can buy a cozy 4-bedroom house in Vegas on $40k per year. How far do these people have to commute to the Strip in order to live around Vegas on these types of salaries?

Dealers - What do they make? Part Two

here you go,

Bureau of Labor Statistics reports for Employment and Wage Estimates

http://www.bls.gov/oes/current/oes_29820.htm

http://www.bls.gov/cew/state2002.txt

By the way,

only 5% of americans make over 100,000 a year.

Dealers - What do they make? Part Two

20-30 minutes whether you live a block from the Strip or clear across town.

I know one dealer who works at Venetian and owns an $800,000 huge house in Green Valley. She was temporarily dealing at Palace Station as well, and for a few years received child support from her ex-husband, but he put an end to that as soon as he realized the kids have been grown and out of the house for awhile now.

My aunt and her husband, both dealers, have a beautiful custom home near Sunrise Mountain, however they bought it about 20 years ago when housing was much more affordable.

In fact, that%26#39;s how most dealers with families that I%26#39;ve encountered were able to afford housing. They all owned homes before they tripled in price. For the most part, they want to be as far from the Strip is possible because they hate the sight of it.

For most dealers I know living on their own, they either have other part-time jobs or just live modestly as renters in apartments or own small condos that aren%26#39;t quite in the ghetto but aren%26#39;t in the best areas either.

The movie ';Pay It Forward'; is really crappy and not worth watching, but it accurately represents what kind of home and even the location that a dealer has.

Huh, I didn%26#39;t even know Pay it Forward had anything to do with casino dealers (haven%26#39;t seen it).

But thanks for the reply, very informative.

Ah, to have been able to invest in the Vegas real estate market ';back in the day';... oh well...

Eh, it doesn%26#39;t really have anything to do with dealers. Helen Hunt plays a dealer which really has nothing to do with the movie, yet it%26#39;s still pretty accurately represented. My question is, how does the store clerk at Just for Feet own a 4-bedroom house?

The median price of all housing units sold in Clark County during the first quarter of 2006 was $295,000, up 9.9% from the same period a year prior.

This is just above the ';affordability'; level for the average household income in the area (just under $60,000 for 2006) which can conventionally support a home of about $263,700 (assuming a 30% of gross wages housing expense qualifying ratio, 10% downpayment, and a 6.5% 30-year mortgage).

Assuming the household had two moderate to well paid casino wage earners, a gross household income of about $90,000 would be achievable. This will support a home price of about $395,527; which would still get you a fine single family home in the county.

Way to go midget.I%26#39;m a dealer and can easy make $100,000 a year.I stayed out of that other thread,because that Vegashome guy and that amberloo know nada about nothing.