Understanding the history of an object, in this case a city, can provide interesting facts of how that object has evolved into its current state. The glittering neon lights and flashy spectacle's that make up the current core of the city of Las Vegas, Nevada, hold within them an intriguing history of growth and resources that all accumulated into what is witnessed today as one walks the strip of America's Playground.
But with all the hype behind owning your own home, in reality, there are plenty of downsides to the whole thing too. Owning a home is usually more expensive and time-consuming than renting a home or apartment. And though people think renting a place can be restricting, there are plenty of reasons why owning your own home can be equally restricting, if not more so. Las Vegas is just one of many great places to rent homes. Read on to find out why you may want to consider staying put in your rented space.
1. No commitment
The Anasazi were an advanced pre-Colombian native culture whose housing structures that were carved out of dessert cliffs have become the site of fevered academic studies and a tourist hot spot. The Anasazi and other prominent Native American tribes used the springs found in the Las Vegas valley as their regular source for water.
After Rafael came other Europeans who passed through the fertile valley of Las Vegas on their way to the gold mines of California and the opportunities of the emerging Los Angeles. John Fremont's writings of the majestic dessert springs drew many to settle the valley and Mormon pioneers constructed a fort in 1855 as a halfway point between supplies in Los Angeles and their homes in Salt Lake City.
As Las Vegas grew through the mid nineteenth century, the presence of the spring produced oasis and its location between populated areas continued to be a driving factor in the small community's success. Upon receiving statehood in 1864 the Las Vegas Valley continued to grow and saw a major population boom with the introduction the railroad.
While the springs made Vegas a perfect stop on the railway, it was the construction of a dam that turned Las Vegas into Sin City. The Hoover Dam, constructed between 1931 and 1935 brought thousands of workers to the region with money in their pockets and days off to burn.
Many people see owning a home as a good investment. But if you end up needing to sell your home when the housing market is low, you could even lose money on your house. Paying a mortgage makes you a step closer to owning the home every month, but many homeowners just never make it that far. When you're renting, you don't have to worry about the state of the housing market. You can pay your rent and know exactly where the money is going.
Your landlord most likely chips in to pay some of the cost of living in your space. Many landlords pay for water, heating, garbage disposal, yard maintenance and more. Some generous landlords will even pay for your cable and Internet. When you own a home, all of these bills come out of the woodwork and you're left spending a lot more than you might've imagined. So as a renter, cherish the things you don't have to worry about paying for.
Want to enjoy the wonders of Vegas you might want to consider looking into some rental homes in Las Vegas
But with all the hype behind owning your own home, in reality, there are plenty of downsides to the whole thing too. Owning a home is usually more expensive and time-consuming than renting a home or apartment. And though people think renting a place can be restricting, there are plenty of reasons why owning your own home can be equally restricting, if not more so. Las Vegas is just one of many great places to rent homes. Read on to find out why you may want to consider staying put in your rented space.
1. No commitment
The Anasazi were an advanced pre-Colombian native culture whose housing structures that were carved out of dessert cliffs have become the site of fevered academic studies and a tourist hot spot. The Anasazi and other prominent Native American tribes used the springs found in the Las Vegas valley as their regular source for water.
After Rafael came other Europeans who passed through the fertile valley of Las Vegas on their way to the gold mines of California and the opportunities of the emerging Los Angeles. John Fremont's writings of the majestic dessert springs drew many to settle the valley and Mormon pioneers constructed a fort in 1855 as a halfway point between supplies in Los Angeles and their homes in Salt Lake City.
As Las Vegas grew through the mid nineteenth century, the presence of the spring produced oasis and its location between populated areas continued to be a driving factor in the small community's success. Upon receiving statehood in 1864 the Las Vegas Valley continued to grow and saw a major population boom with the introduction the railroad.
While the springs made Vegas a perfect stop on the railway, it was the construction of a dam that turned Las Vegas into Sin City. The Hoover Dam, constructed between 1931 and 1935 brought thousands of workers to the region with money in their pockets and days off to burn.
Many people see owning a home as a good investment. But if you end up needing to sell your home when the housing market is low, you could even lose money on your house. Paying a mortgage makes you a step closer to owning the home every month, but many homeowners just never make it that far. When you're renting, you don't have to worry about the state of the housing market. You can pay your rent and know exactly where the money is going.
Your landlord most likely chips in to pay some of the cost of living in your space. Many landlords pay for water, heating, garbage disposal, yard maintenance and more. Some generous landlords will even pay for your cable and Internet. When you own a home, all of these bills come out of the woodwork and you're left spending a lot more than you might've imagined. So as a renter, cherish the things you don't have to worry about paying for.
Want to enjoy the wonders of Vegas you might want to consider looking into some rental homes in Las Vegas
About the Author:
Trade Wind Las Vegas provides professional property management services. Trade Wind Investments is a licensed, accredited and insured real estate brokerage. We provide complete assistance for investing in the Las Vegas residential or commercial real estate market. We specialize in real property investments and the management of those assets including single family homes, condominiums, town homes and commercial endeavours.
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