[robojester]

I am not an ogre so I am hoping for a little housing dip next year.
Just on the starter homes...maybe ranches will go out of style like bell bottoms
Just enough to get us into something decent.

We had this very discussion on our way to pick up Powerball tickets on Wed.

Lots of lands out there the question becomes how far will people commute before the "inner" area starts going up in demand again?
Seems everyone forgot about $4.00 a gallon gas.....That would put a crimp on some of the outlying areas quick I bet.

[bayview6]

A lot of folks still underwater on their homes and the bust was 9 years ago. The water situation is the real kicker on the number of people who can live in the LV Valley. Technology can do a lot but it's not cheap. LV already has high water rates compared to 10 years ago. Unfortunately, as the population of Vegas grows a lot of its charm disappears and people look for greener pastures elsewhere.

[kttam186290]

Future areas of ***potential*** growth in the Las Vegas Metropolitan Area

[Bps401]

Originally Posted by FML157

3M could be done within 10-15 years. My concern would be that state/city/county won't have the tax revenue to support that much population. Thus, governmental services (i.e. infrastructure, public safety, education, health, social services, judicial etc...) would be mediocre due to budget constraints.

Is it possible for NV to ever start collecting state taxes?

[kttam186290]

Originally Posted by Bps401

Is it possible for NV to ever start collecting state taxes?

It is possible, yes.

Will they? Doubtful.

The kind of people who are attracted to Nevada are generally not the type of people who believe in a social contract or social investment.

They believe that they shouldn't have to pay for things that they don't use, like public parks, public schools, public colleges and universities, research, wellness programs, etc.

Nevada attracts people with a more Hobbesian worldview.

[bayview6]

Originally Posted by Bps401

Is it possible for NV to ever start collecting state taxes?

Not impossible but very, very unlikely.

[JonathanLB]

Originally Posted by bayview6

A lot of folks still underwater on their homes and the bust was 9 years ago. The water situation is the real kicker on the number of people who can live in the LV Valley. Technology can do a lot but it's not cheap. LV already has high water rates compared to 10 years ago. Unfortunately, as the population of Vegas grows a lot of its charm disappears and people look for greener pastures elsewhere.

Huh? Why? I don't think that at all affects how awesome Vegas is. In fact, more people generally makes for a better city, up to a point. Now in Vegas that may not be the case because everything is already open 24/7 and it already has amazing world class entertainment, but I can tell you that my city, Portland, could benefit by having twice as many people because at least then maybe there would be something to do. A restaurant open past 9. You know, the semblance of actual civilization up here.

I'm not sure how far Vegas will climb, but I can say that I think as CA and OR become more liberal, it will push out most of the moderate thinkers (like me) who are stuck in liberal meccas like Portland and just don't feel comfortable with it. I'm all for intelligent discussion, I identify as more in the middle of most issues, but unless you're a socialist you won't fit in with Portland mentality. The extremely high, really unbearable taxes in states like OR and CA, so close to NV, will also push more and more people like myself to go to Nevada in search of a better lifestyle.

The property prices are still incredibly cheap and the property taxes are almost non-existent. On a $535,000 place, I pay $6,600 per year in property taxes. A place like that in Vegas wouldn't even run $2,000/year. It's unreal to me.

Not to mention you can get a legitimately amazing house in Vegas for $1-1.5 million, whereas $1 million in Portland gets you something overall nice, not special, probably old and needing some work, not that big, probably no pool or anything (not that you could use it anyway). In Vegas $300,000 buys you a solid enough house, something you could at least call home. In Portland $300K is town home time, or really lousy house in a bad area. Probably falling apart, tiny, old.

[bayview6]

Originally Posted by JonathanLB

Huh? Why? I don't think that at all affects how awesome Vegas is. In fact, more people generally makes for a better city, up to a point. Now in Vegas that may not be the case because everything is already open 24/7 and it already has amazing world class entertainment, but I can tell you that my city, Portland, could benefit by having twice as many people because at least then maybe there would be something to do. A restaurant open past 9. You know, the semblance of actual civilization up here.

I'm not sure how far Vegas will climb, but I can say that I think as CA and OR become more liberal, it will push out most of the moderate thinkers (like me) who are stuck in liberal meccas like Portland and just don't feel comfortable with it. I'm all for intelligent discussion, I identify as more in the middle of most issues, but unless you're a socialist you won't fit in with Portland mentality. The extremely high, really unbearable taxes in states like OR and CA, so close to NV, will also push more and more people like myself to go to Nevada in search of a better lifestyle.

The property prices are still incredibly cheap and the property taxes are almost non-existent. On a $535,000 place, I pay $6,600 per year in property taxes. A place like that in Vegas wouldn't even run $2,000/year. It's unreal to me.

Not to mention you can get a legitimately amazing house in Vegas for $1-1.5 million, whereas $1 million in Portland gets you something overall nice, not special, probably old and needing some work, not that big, probably no pool or anything (not that you could use it anyway). In Vegas $300,000 buys you a solid enough house, something you could at least call home. In Portland $300K is town home time, or really lousy house in a bad area. Probably falling apart, tiny, old.

Agree with you about the liberals and high taxes. But in Vegas a $535k house will run you about $5350 a year in property taxes, not $2000.

My complaint about cities like Vegas getting too many people is the traffic congestion is only going to get worse.

A lot of people from Portland in Vegas.

[unf0rgiven6262]

If the water situation turns around in a big way I could see 5 million here.I think it's more likely lake mead will be at a critically low level in the next 10-20 years though.

[bayview6]

Originally Posted by unf0rgiven6262

If the water situation turns around in a big way I could see 5 million here.I think it's more likely lake mead will be at a critically low level in the next 10-20 years though.

The more important limitation is the 275,000 acre foot cap on what Nevada can draw from Lake Mead.