06/13/2023
Bugsy Siegel may have been the first to visualize the potential of this piece of Nevada desert, but investors, large corporations, sports teams and astute professionals are migrating to this neon mecca in greater numbers every year. In fact, most are drawn here for the same reasons I relocated from Fort Wayne Indiana 35 years ago. Low property taxes and zero state income tax are just two of the reasons. Add to this the glittering excitement of neon lights, world-class dining and entertainment, the breathtaking beauty of rugged mountains and endless wide-open spaces. Off the famed Strip, you’re within an hour’s drive to cool pine-covered peaks great skiing in the winter. In the Summer boating on Lake Mead, Lake Mojave, Black Canyon, and thousands of miles of beautiful off roads to explore in every direction.
Through the years, we have seen major changes and growth in Vegas. Indeed, the Silver State ranks in the top four states to have the longest, continuous economic growth. While the influx of new residents continues to come primarily from Southern California, the appeal of Nevada, and Las Vegas in particular, attracts folks from every state. The obvious appeal to retirees with affordable dining options, mild winters and the lack of an inheritance tax, continues to attract almost as many retired citizens as Florida but it’s also a top choice for growing families as well, thanks to attractive home prices and the ever-improving schools and recreational opportunities for kids.
All this is not just appealing to growing families, but wise investors seeking greater cash flow and property appreciation.
