In The News: Lee Business School
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.
As revolving credit card debt and high financing costs persist, experts are raising doubts about whether credit can keep bridging the gap between growing, but not momentous, income growth and aspirational spending.
Don Snyder remembers taking strolls through the student union on the UNLV campus during his time as dean of the William F. Harrah College of Hospitality.
Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin.
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering nearly 100 restaurants across America. The seafood chain, which has closed restaurants in 27 states, has been struggling with rising lease and labor costs in recent years and also promotions like its iconic all-you-can-eat shrimp deal that backfired.
Red Lobster promised customers an endless supply of shrimp for $20 — a gamble the struggling restaurant chain hoped would help pull it out of its pandemic doldrums. But Americans, and their appetites, had other plans.
As the real estate market squeezes out potential home buyers in Southern Nevada, many are facing a greater challenge, true affordable housing. There’s a concerning shortage that continues to expand.
With graduation season in full swing, economists and hiring experts say graduates are entering into a positive but slower job market compared to recent years. The overall economy and job market are stable but has lost some momentum since the U.S. reopened after the pandemic, they say.
In most presidential election years, home prices aren’t a key issue for voters or a major campaign talking point. Consider it another way in which the 2024 election is anything but typical. With mortgage rates up and home prices out of reach for many first-time buyers, the affordability crisis is increasingly in the spotlight as campaign season heats up.