Las Vegas, the gambling capital in 1972 had a book released named “Learning from Las Vegas” in which the author stated that the architect and builders should give a thought to the taste and desires of the common people, as the architect of Las Vegas do. Thirty-three years have passed by and still there is so much that everybody has to learn from Las Vegas especially the economists, journalists and politicians.

Las Vegas is not only the fastest growing metropolitan area in the United States but also his most popular destination in the world. It has attracted 37 million visitors, which is equal to that New York City. The city’s population has grown from 273,000 in 1970 to 1,700.000 in 2005.

Real estate value is soaring higher every year, as the demand is greater than the supply. In one year that is from 2003 to 2004 the average single family home has gone up by 52 percent. Local unemployment is 3.7%, and there is no state income tax these things have added to the real estate boom.

The vigor and vitality of Las Vegas city is due to the frantic competition in every field. To be successful one has to constantly renew and improve otherwise you will be left far behind. The environment of Las Vegas has also put a great impact on the real estate. The whole place is very exciting and enjoyable and one of the biggest reasons for the record number of tourists influx.

This entry was posted on Monday, August 8th, 2005 at 12:55 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.