Jan 25

According to the opinion of 70 leaders in the community of Las Vegas and Southern Nevada, economic diversification is an idea whose time has finally come to the area.

In a report entitled “What Happened? What’s Next? Can We Hit the Reset Button?” academics, business leaders and politicians expressed their views, coming on strong on the side of diversification as a stabilizing factor in the health of the economy.

The report was conducted by the Lied Institute of Real Estate Studies, which is part of the University of Las Vegas. The bad news is that in order to get to the goal of a healthily diversified economy, more money must be spent, especially on public education K-12 and higher education, too. Why is improved education so crucial? According to John Restrepo the principal of a consulting group, in order to attract a larger variety of businesses into the area there must be a higher quality workforce available to fill the positions new businesses would create.

As a member of the business community in Las Vegas and Southern Nevada, Kirk Sanford would certainly like to see greater diversification and stability in the local economy as well as a strong recovery nationwide.

Jan 18

According to the Lied Institute for Real Estate Studies, which recently conducted a study based on the opinions and observations of leaders in the community of Las Vegas, diversification is the best way for the economy to cope with economic crisis in the future.

As a result of the recent collapse of the local economy in Las Vegas 70 of Southern Nevada’s business leaders, politicians and academics took another look at an idea that isn’t new, diversification of the economy.

Because the economy of Southern Nevada relies heavily on industries that rely mostly on growth-fueled industries such as construction and real estate, aside from the vulnerable industries of gaming and tourism, when the national economy staggers, Southern Nevada falls.
Relieving the pressure on these industries to provide the engine for the financial well-being of the region would be accomplished by and expansion of industry into less vulnerable areas, therefore diversification is a key goal for the future health of the Southern Nevada and Las Vegas economies.

This would be good news for all segments of the Las Vegas economy, including real estate investors such as Kirk Sanford, whose Sightline Acquisition Corporation invests in distressed properties in the area of Las Vegas and Southern Nevada.

Jan 5

2010 should be a good year for potential home buyers. Obama has recently signed legislation that extends a first time home buyers tax credit. It gives both new and move-up buyers a tax incentive to buy a home until at least April 20, 2010, and even longer for military personnel.

In a depressed economy, companies like Sightline Acquisition Corp, with CEO Kirk Sanford, have been working to pump money into the economy by buying properties. Kirk Sanford chairs this privately held investment fund that specifically looks to acquire distressed properties and other assets.

This new tax law extends the credit for first-time homebuyers which is worth up to $8000. Even existing homeowners can cash in on this legislation. A new credit of up to $6500 is available to existing homeowners who qualify. This is for those who either buy a new primary residence or have one built by April 20, 2010. They have to already have their existing property for five consecutive years of the last eight years.