“Get The HELL Out Of California” - Wealth Tax Fears TRIGGER Mass Exodus To Nevada
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 18 February 2026
⏱️ 9 minutes
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Summary
California’s wealth tax debate is fueling a migration wave as LA and Silicon Valley homeowners flood the Las Vegas housing market. With median prices nearly half of California’s and zero state income tax, the panel breaks down why builders, tech founders, and everyday families are heading to Nevada.
Transcript
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| 0:00.0 | In regards to, we have so many of them, I'm trying to see which one to go with. |
| 0:05.0 | Let's go to this one. |
| 0:06.2 | Rich Californians flock to Las Vegas housing market as lawmakers considered wealth tax. |
| 0:10.8 | Tom, you briefly mentioned this a little bit earlier. |
| 0:14.0 | Now they're looking at Nevada. |
| 0:16.8 | New data shows that by end of 2025, more than 23% of realtors, a realtor.com listings, |
| 0:23.2 | views for Las Vegas home came from L.A., making it the leading source of out-of-market |
| 0:27.3 | in interest. San Jose accounted for more than 8% of the views, while Riverside, California, |
| 0:34.1 | made up 4% of views. |
| 0:35.6 | Migration from California, Las Vegas may reflect both tax consideration and a meaningful |
| 0:40.0 | affordability gap between the two markets. |
| 0:42.6 | The gap is substantial. |
| 0:43.9 | L.A.'s typical home priced at topped out of a million dollars in January. |
| 0:48.0 | That's insane. |
| 0:48.8 | While San Jose's median listing price was at $1.1 million, Vinnie, median listing price at $1.1 million, Vinnie. Median listing price at 1.1 million. |
| 0:58.0 | In contrast, Vegas median listing price stood at 465 according to Realtor.com. |
| 1:03.0 | For some clients, it's purely financial. |
| 1:05.0 | They can sell a $2 million home to $3 million home in California |
| 1:09.0 | and purchase a comparable or larger property in Vegas for |
| 1:11.8 | less while reducing their ongoing tax burden. Tom, thoughts? So guess what? The headlines show |
| 1:17.0 | that the billionaires are moving down to Florida, including Indian Creek, is about to welcome |
| 1:21.4 | the Zuckerberg family coming down there. And we already saw that the Google founders, Paige, actually brought his entire family office. |
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