What Does The Election Mean For Property Values in the Southwest?

What Does The Election Mean For Property Values in the Southwest?

Investor · San Diego · Member since 2020 · 22 posts · 31 votes

I'm concerned and excited about the Election this year.  It looks like Nevada and Arizona will be key states in deciding the new President of The United States.  As an investor with property in both States what does this mean for my rent rates and overall property values?  

Mario 

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  • Specialist · OverTheRainbow · Member since 2020 · 607 posts · 909 votes
    5y
    Originally posted by @Mario Garcia:

    I'm concerned and excited about the Election this year.  It looks like Nevada and Arizona will be key states in deciding the new President of The United States.  As an investor with property in both States what does this mean for my rent rates and overall property values?  

    Mario

     Phoenix properties are going up 10% per year - fastest in the country, good deals are hard to find. Las Vegas on the other hand has been hit really hard because of their reliance on the entertainment industry. I just saw that one of the casino chains is laying off 28,000 people. Since I buy "off market" in AZ, I haven't been affected as much but I'd guess getting good deals in NV is going to be easier for the average investor from CA.

  • Real Estate Agent · Henderson, NV · Member since 2011 · 1k+ posts · 550 votes
    5y

    So far rents haven’t been going down in Vegas from my experience. We’ll know a lot more around Feb 1st. 

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