Las Vegas is one of the most dynamic, sought-after, fastest-growing cities in the world. As of November 2007 there is currently $30 billion in Strip development including several new resorts scheduled to open in 2008, with 40,000 hotel rooms in the pipeline .  STATE OF NEVADA TAX ADVANTAGES
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- NO state income tax
- NO state inheritance tax
- NO state gift tax
- NO state estate tax
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- NO corporate state income tax
- NO state franchise tax on income
- NO state stock transfer tax
- NO state inventory tax
- NO state unitary tax
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KEY POINTS OF INTEREST
- Nevada ranks as the state with the lowest risk of natural disaster. (USA Today)
- Las Vegas ranks #1 of the world's most dynamic cities. (Newsweek International Magazine)
- Las Vegas ranks 4th in the State Business Tax Climate Index 2007. (Tax Foundation)
- Las Vegas ranks #1 as "Where the jobs are going ... hottest job growth for this decade 2003-2013." (Business 2.0)
- Boomtowns '06: Hottest Large Cities, Growing Your Business Ranks Las Vegas #1. (INC.com)
- Nevada ranks #2 for Policy Environment for Entrepreneurship across the nation. (Small Business Survival Index 2006)
- 5,000 people per month move to Las Vegas but some of the biggest industries in the world like technology and biotech are coming as well.

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Buyers Remorse >First Time Buyers
People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.
First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.
First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
See More Real Estate Trivia > |
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