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Originally Posted by bloodychill
It's no surprise to me that Nevada is the fastest-growing state considering Las Vegas is such a huge attraction for investors.
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Certainly. In the case of Las Vegas, what's not for an investor to like? Cheap land, low taxes, loose regulation, and the booming gambling/resort industry that brings in well-heeled visitors, puts spending money in the pockets of even many working-class locals, and seems capable of infinite expansion?
Essentially they're building a new Los Angeles out there, and they're doing it really, really quickly. Like LA, they are playing fast and loose with issues of urban planning and water resource planning. But their economy depends much more on vacation/resort business, and that may be a problem in hard times, when fewer can make the trip out into the middle of the desert. Sure, they still have gambling as a draw, but so does every other Indian reservation near a major metro area these days. The church ladies in my area are now taking gambling buses to the Chuchansi gold casino down by Fresno for their slot machine fix, not anymore the Nevada casinos.