STATESIDE Stateside
Sharon Harris stands atop the (fake) Eiffel Tower and shouts “Location, Location, Location!”
Fabulous Again T
here is an old real estate adage about what matters most when considering a move. The simple answer Is location, location, location. Almost nothing is more important. If money is tight, realtors usually advise
prospective buyers, especially those with school-aged children, to choose the least-expensive property in the best neighborhood. A good school district always ups the value. Throughout the 1990s/early 2000s, Las Vegas
experienced rampant new home construction. Whenever I had extra time years ago, I enjoyed touring new development sample homes. Many were average because their cookie- cutter appearance made them identical, but people came anyway from across the U.S. Following 2008’s economic crash, conditions in Las Vegas
fluctuated and were again impacted during Covid. In 2023, conditions have changed and Las Vegas is enjoying an annual population growth. The ethnic makeup is also shifting among numerous
diverse groups. Because of Nevada’s proximity to the southern U.S. border and Mexico, the Hispanic communities across the Southwest have always been a major demographic. Now, other ethnic groups are finding Las Vegas appealing. Real estate professionals estimate about 12,000 people
from multiple Asian American and Pacific Islander (AAPI) communities, mostly from adjacent California, leave annually to make Las Vegas their home. California, called the “Golden State,” is quickly tarnishing
8 JUNE 2023
as hundreds of thousands flee crippling taxes, a high cost of living and a deteriorating quality of life. As for real estate, housing is almost three times as high and commercial property is also expensive. That will impact both California’s tribal and Nevada’s
gaming industries going forward. Not only will tourism probably suffer in California, but Nevada’s business-friendly culture will lure more small businesses who supply casinos. How much better does it get to conduct business in Nevada than when there is no corporate tax, personal
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