Developer of the Ogden Downtown on why business people and entrepreneurs should invest in Las Vegas
By Hal DeKeyser
It seems that half the people we talk to about buying property in Southern Nevada are moving from California, have moved from there or have friends they’re trying to persuade to move here to invest in Las Vegas.
The Las Vegas Review-Journal has reported that 30 percent of the people getting driver’s licenses in Las Vegas were from California.The No. 1 county sending residents our way is Los Angeles County, with San Bernardino and San Diego counties coming in third and fourth.
It’s no wonder.
I have a newly completed book being edited that spells out the major reasons why that’s occurring (if you want an advance copy, message me a hal.dekeyser@gmail.com). Most of the people from there actively trying to buy a house in Las Vegas generally can finish my sentences when we talk about that. It’s high income taxes, sky high housing costs, traffic, property taxes, regulation, natural disasters, crime and hassles.
Lifestyle reasons to invest in Las Vegas
But it’s not only about the huge headaches that come from trying to get buy in California. It’s also about what’s available here. And when my Golden State friends tell me all the things to do there, I generally reply, “Yes, but there’s just as much to do here, and you can actually do it, because you can get there.”
I just saw a guest column, a blog post of sorts, in the Las Vegas Sun from Uri Vaknin, a partner in KRE Capital (developers of the downtown condos Ogden and Juhl, on why he believes Vegas is good for business and for living.
In addition to the innovation in Downtown, he cites developments like the UNLV School of Medicine, the new professional sports franchises, big tech firms betting on Nevada, arts expansions, growing convention space and business.
He also hits on the under-appreciated benefits that I think many tourists miss, which is the fabulous outdoor recreation in the urban area and nearby, like Red Rocks, Lake Mead and the Colorado River, nearby national parks.
And he’s also pleased with the growing economy and healthy housing market. Click here to read is take on Las Vegas in his own words. He’s made similar points in other missives.
And forward this blog to your family or friends in California. They deserve a break.
Also see
Las Vegas 2018 housing predictions: More homes, higher costs, more newcomersVegas rated high for a vacation rental investmentLas Vegas master planned communities
