[unf0rgiven6262]

Originally Posted by bayview6

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

Perhaps. Enough cash and demand could change that though. There's no substitute for the water actually being there though.

[Nn2036]

Originally Posted by bayview6

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.

Yep. Show me where you can get $2000 property tax on a $535k house. May be Hawaii?

[lvmensch]

Originally Posted by Nn2036

Yep. Show me where you can get $2000 property tax on a $535k house. May be Hawaii?

You have to decide what is meant. A $535K house in Portland woud cost around $300K here. And it taxes would be between $3000 and $2600. A $535K house here will have taxes from $5500 to perhaps $4000.

$2000 is too cheap in either case.

[bayview6]

Originally Posted by lvmensch

You have to decide what is meant. A $535K house in Portland woud cost around $300K here. And it taxes would be between $3000 and $2600. A $535K house here will have taxes from $5500 to perhaps $4000.

$2000 is too cheap in either case.

I see what you are saying and I agree with you.

[foundapeanut]

Originally Posted by bayview6

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.

A lot of people from NY and CA here too.

Not true on taxes. My house is at least double $530,000, in very desirable area of Summerlin. That is about what we pay.

[bayview6]

Originally Posted by foundapeanut

A lot of people from NY and CA here too.

Not true on taxes. My house is at least double $530,000, in very desirable area of Summerlin. That is about what we pay.

When did you buy your house and at what price?

[lvmensch]

Originally Posted by foundapeanut

A lot of people from NY and CA here too.

Not true on taxes. My house is at least double $530,000, in very desirable area of Summerlin. That is about what we pay.

Quick check of 15 million dollar homes around Summerlin Pkwy shows taxes ranging from $5,000 to $12,000. Lots of this is likely due to the homes bought before the crash being protected by the low values reached at the valley. The high end is where it should be.

[kttam186290]

Originally Posted by bayview6

A lot of people from Portland in Vegas.

That's interesting.

Is that anecdotal, or do you happen to actually have stats on that?

So many white people from Las Vegas and Southern California travel up to the Pacific Northwest and see a little bit of lush, green landscape and think all of their problems will vanish if they move there: no brown people, no Espanol, no traffic, no heat, no HOAs, no sales tax, no desert scenery, etc.

They think, by moving, that their problems are going to vanish, only to find out that their "problem" all along was themselves and they were just blaming the environment in Nevada or California.

Had a few acquaintances in high school who were social misfits and they finally moved up to Oregon after complaining relentlessly for years about L.A. So they vacationed in Oregon and thought they found "paradise" and moved there.

Now, years later, they still complain relentlessly, but instead of L.A., it's about Portland, Salem and Eugene.

So, it's interesting to me that Las Vegas is full of ex-Portlandians. Perhaps these people are Portland natives that wanted to go south for some Vitamin D and excitement?

[foundapeanut]

Originally Posted by bayview6

When did you buy your house and at what price?

1.1 million.

We don't have the system CA has where you lock in your taxes, my taxes go up or down every year. In July I find out the new rate. They went up last year.

Do you live here?

Highest price, same view as me same size close to mine. One sold last year 1.175 mil and other sold 2 months ago for 1.275, so prices in certain areas are coming back.

[lvmensch]

Originally Posted by foundapeanut

1.1 million.

We don't have the system CA has where you lock in your taxes, my taxes go up or down every year. In July I find out the new rate. They went up last year.

Do you live here?

Highest price, same view as me same size close to mine. One sold last year 1.175 mil and other sold 2 months ago for 1.275, so prices in certain areas are coming back.

Actually the NV system is nicer than CAs prop 13. The big difference is the taxes do not reset on a resale. So you get the last owners tax plus a max of 3% presuming owner occupied.

In CA it resets on a sale with some exceptions. So taxes can double or triple on a sale.