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Nevada: More Than Just Gambling? [view article]
correction billddrummer, It's the only place to live.Daniel Kowkabany
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Nevada: More Than Just Gambling? [view article]
Followup to my last comment:One of the reasons NV, and particularly Northern NV, is so popular as a warehousing hub is because it's within one day's drive of major metro areas (SF Bay, Bakersfield, Portland OR, Salt Lake City, UT). Represents nearly 50 million people altogether. Add to that the fact that weather is typically good year round (300+ sunny days/year, little snow/rain) and it's perfect as a distribution center.
The downside to that is that modern warehouses don't need lots of people, so employment growth isn't as robust as we'd like. The recent challenges in the housing market have dealt severe blows to construction employment, which represented nearly 20% of workers at the peak of building here back in mid-2005. That sector is down about 30%, maybe more.
But it's still a nice place to live. Reply
Nevada: More Than Just Gambling? [view article]
Another industry that's popular in NV is warehousing. There's no inventory tax either, and companies with large distribution needs have leased or purchased millions of square feet of warehouse space in Northern NV along a corridor stretching from Reno to Fernley (approximately 40 miles).In addition, the largest industrial park in the world is being developed east of Reno. The Reno Tahoe Industrial Center targets companies needing large acreage for warehousing, heavy machinery production, building materials manufacturing and distribution, and more. Wal-mart built a 1 million s.f. grocery distribution center in the business park as the first owner/user.
Read more here:
www.lancegilman.com/ma...
As far as prostitution, it's legal in rural counties, but illegal in Washoe and Clark counties (where 85% of the population resides). Brothels have been hard-hit by fuel prices. A good percentage of their clientele is truck drivers, who are still paying $1000 to fill their trucks. Before, when it only cost $400 to fill up, some drivers would stop to relax.
I love NV. Lived here for nearly 30 years, and don't see myself moving away.
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Nevada: More Than Just Gambling? [view article]
How can the author omit PICO Holdings? Through their subs Vidal Water Company and Nevada Land and Resource Company, LLC , they have substantial operations and resources in Nevada. I consider this company THE only alternative to investing in Nevada other than the casino stocks.This is one of my core holdings in my retirement portfolio along with Leucadia National. PICO's symbol is PICO.It has had a pretty good run over the last few months so I am waiting for a correction to add to my position. ReplyNevada: More Than Just Gambling? [view article]
This is an excellent well written article. This would be an opportunity for someone who wanted to move to Las Vegas to buy good property cheap and rebuild. You know buy low, sell high. I don't think you'll find homes such as BxCapricorn talks about in the better neighborhoods.Daniel Kowkabany Reply
Nevada: More Than Just Gambling? [view article]
prostitution is a booming industry in NV, right? ReplyNevada: More Than Just Gambling? [view article]
so what is the point of the author? you want to go long NV real estate? that would be incredibly stupid ReplyNevada: More Than Just Gambling? [view article]
And property taxes are lowwwwww!I have a nice 4 bed 3bath home in Reno, probably $300k now,
the annual tax?
Less than $1200, and by law they can't raise it more than
3% a year.
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Nevada: More Than Just Gambling? [view article]
We're also going to sport our fair share of bank defaults. Fortunately most of the "investors" that came over from California with their "winnings" from the gameshow that was California real estate, 2002-2006, also originated many of their carefully constructed loans in their home state. Unfortunately for Nevadans, those that speculated with our housing market (and certainly they were not all from California) entered and left the state like Visigoths (think Rome). Now we sit with thousands upon thousands of empty homes, largely uninhabitable, because plumbing, wiring, cabinetry, fixtures and carpets have been pulled out and taken. You really have to see these properties to believe it. ReplyWall Street Breakfast: Must-Know News [view article]
It seems that Citigroup plays dirty ever since Japan kicked them out for doing business there, and now they are after Wall Street brokers. ReplyWall Street Breakfast: Must-Know News [view article]
yeah, I am in there on the short side (although hedged) on CRM. Thanks for the heads up!trade details here concisetrading.blogspo.../
Ryan Reply
Eli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Hi Lee99. According to Bloomberg it was a miss:www.bloomberg.com/apps...
Shares are down 4%, so FWIW it seems that's how the market is taking it too. Reply
Wall Street Breakfast: Must-Know News [view article]
nobody has figured out a way to pave over the ocean. i am a veryhappy fro owner.yield app.18%.my dividends almost paid for the stock.lol @ analysts. ReplyWall Street Breakfast: Must-Know News [view article]
re FRO earnings: company reported $4.25, highest qty ever. Where does your $2.18 originate? ReplyEli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Thanks kkin365. They are alphabetized by company name. Do you mean by ticker? Reply