Las Vegas Opportunities

[Adam Jaken]

Hi guys and a happy Sunday to you all. I think there is a huge opportunity in Las Vegas right now especially with what is set to arise in the horizon. Here is a list of all things I have seen going on in Las Vegas. Las Vegas will have its first major national sports team (NHL), Faraday Future is a new electric car company that is building a huge manufacturing facility, (not putting a lot of emphasis on this because it can possibly flop you know like Fisker). Another huge thing that is a possible to happen, is LV will get a stadium built and have their first NFL team. (again not really relying on this either because it has not happened yet but they are in talks). There are a few new hotel projects planned on the strip and if those pan out successfully I can see a lot more development in the future. (10 years from now). WYNN announced it will build a man made lake and a new tower. Downtown LV seems to have a lot of revitalization even though it has its very slum parts it seems like it is headed in the right direction. Nevada will be voting in November to legalize marijuana usage for any one over 18 years of age and looking at Colorado and the HUGE tax/business benefits it has brought to them, i was thinking if this passes it is a potential opportunity for huge growth. One thing that is kind of scaring me is that these huge companies are building apartment buildings and track homes all over the Las Vegas valley. I don't know if this is a good thing or bad thing. I just hope they don't over build like last time and have to much inventory on hand which will end up pushing down prices. (coupled with bad loans) Also if interest rates move up (which i think will happen when the new president comes in to office) that will also push down home prices, but in general now is a a great time to buy i think. The price to return aspect is 5-6% in A neighborhoods. I would appreciate any feedback on any of the points i have made. (negative or positive) :) Thank you all for taking the time to read my post and providing feedback, you guys are awesome! Have a great day and god bless!!

[Account Closed]

Great thread and I think you point out a lot of important reasons to have optimism for the Vegas market. The introduction of an NHL team and possibly the Raiders as well will be huge boons to the Las Vegas economy as will the passing of Question 2 for better or worse in November.
Housing inventory is already extremely low and homes over $600,000 finally seem to be getting some wind in their sails.
I myself am a normally Tokyo-based business owner and real estate investor who recently moved here and gotten my real estate license solely to take part in this exciting time here in Vegas.
It's great to see other like minded individuals here.

Cheers