Originally Posted by MaxPen View Post
Originally Posted by BoSox View Post
Maybe someone else who lives in Los Vegas can answer the following three questions:

Is the cost of living in Los Vegas high? The reason for the question is that I have only opinions related to this thread pertaining to KewlJ which may not be accurate which I will now state. I believe the cost of living reasonably well in Los Vegas is high. From reading a few of the forums often it seems that KJ appears to be living a good life and I wonder how he is doing this based on his journey reports. Just how can he have $600K or so in savings, A very nice paid off in full high rise condo in over a 12-year span with earnings of 1.2 million over that time span while always paying his taxes in full as well as paying all his bills over the 12 years? That question seems much harder to answer than how he goes about his business totally undetected. I tend to believe that he could not be living both a good life and paying uncle sam as what he has been disclosing on forums, those numbers does not seem to add up to me. Does someone else have a more informed
opinion on the matter?
It depends. For me there is nowhere that I could live cheaper in the US. I eat out almost every meal for the cost of a tip. Property taxes are low. Utilities are reasonable. No state income tax. The only thing I can think of that is high is gas. But since the valley is so condensed it could be twice as high and not add up to anything substantial. I personally couldn't live in a 3rd world country for less.
All good points. Like maxpen, for the first 11 years I, my partner and my brother over 5 years of that time, all ate out at least once a day, basically for free. The last 18 months since covid that has changed. This really reduces grocery bills.

Another cost efficent thing about Las Vegas, not so much cost of living, but kind of related is cheap and easy travel. The airport is really easy, efficent and well run, never much lines, with cheap airfare to almost everywhere. I know of one AP that moved to Vegas because of the easy and cheap flights everywhere. He claims he doesn't even play Vegas.

And concerning my own finances, I forgot to mention that I have bought and sold 3 properties (not including my current condo) in my time here, making a pretty good profit on two. The other was basically a break even proposition as I only owned a second rental property a short time before selling it for roughly what I bought it for. I did have rental income for a year though.