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Updated over 7 years ago on . Most recent reply

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Terry Lao
  • Professional
  • Anaheim, CA
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85% of land is government owned in Las Vegas

Terry Lao
  • Professional
  • Anaheim, CA
Posted

With all the desert surrounding Las Vegas, one would think there is an abundant amount of land to bury dead bodies or build new homes. Unfortunately, 85% of the surrounding land is owned by the government. Leaving only 15% privately held. 

I heard that statement a few times, but finally found an article that references the 85% government owned land. See article below, scroll towards the bottom. 

Now, another reason why Las Vegas real estate is going up.

Terry

https://www.reviewjournal.com/opinion/opinion-colu...

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Don’t forget...In that same article the Nevada housing division says we need 210,000 more “units of affordable housing”....

Whatever those are...

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