DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Watch Out, Next Housing Boom Nevada, Not Texas
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Uncategorized > Watch Out, Next Housing Boom Nevada, Not Texas
Uncategorized

Watch Out, Next Housing Boom Nevada, Not Texas

4 Min Read
SHARE

Montreaux-garden-1024x353

Montreaux-1024x353

I am writing this without my glasses because I am so eager to get it up. Last summer, we visited Reno, Nevada and I jut fell in love. A mere two hour direct flight from DFW, we landed at a small airport with caring employees, no rigamarole,  and we were at our home and drinking wine one hour after the luggage came off the carousel. We were also a twenty minute drive from Lake Tahoe, the playground of Silicon Valley’s multi-millionaires. Whilst my husband tried gliding out there, I counted no less than one private jet every 15 minutes taking off for California’s northern peninsula.

The real estate in Reno? Get you a beautiful, well built new home for $200 to $300 a square foot, not unlike North Texas. Check out Parc Foret in Montreaux, one of the area’s most luxurious gated communities. There are also no state income taxes, like Texas.

This morning, I stumble upon this opinion piece from the Los Angeles Times and I scream, “gotcha!” Here is a small businessman moving his operation lock, stock and barrel to — Las Vegas! NOT TEXAS! It’s because he now has to pay $10.50 in minimum wage for his “cut-and-sew house”, a part of the garment industry that generates about $17 billion in annual economic activity in Los Angeles County.

Houman Salem is the founder and CEO of ARGYLE Haus of Apparel in San Fernando.

Even better, the liberally-tinged LA Times prints this piece! See, California, beautiful and sunny, continues to make it tough on small business and smaller wage earners. Home prices are just ridiculous. LA County just raised the minimum wage (the whole state is aiming for a $15 per hour target) that will ultimately put most small businesses, like ARGYLE, out of business. So writes Houman:

When Los Angeles County’s minimum wage ordinance was approved in July, I began looking at Ventura County, Orange County and other parts of the state. Then, when California embraced a $15 wage target, I realized that my company couldn’t continue to operate in the state. After considering Texas and North Carolina, I’ve settled on moving the business to Las Vegas, where I’m looking for the right facility.  About half of our employees will make the move with us.

Why am I writing this without even finding my glasses? Because I predict that, unless we get our acts together in Dallas, we are going to lose out to Nevada when it comes to business relos bigtime. Who wants to move their company lock, stock and barrel to Dallas when we have a Mayor and City Councilman blabbing to the New York Times that we are on the verge of bankruptcy? 

What is Rawlings’ purpose in bettering Dallas with all his grand-standing?

Also, consider that Nevada is right next to California, and within driving distance if, for example, you have a kid and grand kids who live there. Though I have heard of some Silicon Valley types who buy a primary residence in Nevada and mom or dad commutes to work. When in Reno last summer, I spoke to many California transplants who were happier than heck.

I’m going to reach out to Houman and ask him what he didn’t like about Texas. Stay tuned.

Dallas Bankruptcy Woes Now National Headlines Via the New York Times: Effect on Dallas Real Estate?
A Preston Hollow Listing with Hockey History: First Mike Modano, Now Tyler Seguin
High Caliber Agent: Courtney Tauriac Says Service Makes her Stand Out
The Mortgage Report: Keeping a Close Eye on Interest Rates, When to Refinance
Plano’s View of Cotton Belt Rail: “We could probably buy each of those riders a Tesla for what we are paying in taxes”
TAGGED:economic developmentNevada Real EstateParc Foret at Montreauxrelocation Texas
Share This Article
Facebook Email Copy Link Print
Previous Article Unwrapping an Architectural Mystery: Sometimes a Home is like a Christmas Present
Next Article Remodeled Retro Midcentury Modern in Lochwood Hits The Market
Popular News
DFW Real Estate News

Discover Woodland Hills in Broken Bow, Where Dallas Goes to Getaway

A Look at This Highland Park Home Through Its Archive-Documented Yet Anecdotal History
1926 M Streets Cottage Just as Charming Today As Ever
These Statement Vessels are the Ultimate Super Bowls
Tinder Home Dating App Takes Swipe at Buyers and Sellers
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission
  • Real Estate Glossary

Categories

  • Commercial Real Estate
  • Home Inspection
  • East Dallas
  • Monday Morning Millionaire

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?