With each passing day, more and more people move into Las Vegas - I've heard as many as 6,000 per month. (of course at the same time, many people move out of Vegas as well, but I'll guarantee you it's not at the same rate). That makes for a great real estate market, but it certainly doesn't help the traffic situation.
You've all heard the reports of over 100 high rise condo projects on the table for Las Vegas, both on and off the strip, and if you consider how traffic is bad now, can you imagine what it will be like in 5 years time?
That's why when you consider purchasing a high rise condo, it's important to find one with the most amenities and most mixed use capabilities - so basically you can live there without ever leaving the property. Plus, it's a good strategy if you want to rent your unit, as those people renting your units will most likely like to stay clear of frustrations... and what could be more frustrating than traffic?
While I'm exaggerating somewhat, traffic is getting to be a big problem in this town and unfortunately it won't be getting any better anytime soon. For example, people who buy into the MGM Grand Residences basically have the best of Las Vegas right at their fingertips, and all you have to do is get there from the airport! Plus, you have the entire Strip accessible from the Monorail.
Have you driven on the Strip lately on a weekend at any time? B-R-U-T-A-L!... and that's today! What's it going to be like when Trump, Cosmo, and that entire Harmon Corridor area is developed?
You can get the latest Las Vegas traffic report here >>>
... but buy a Las Vegas high rise condo here >>>
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