Valuetainment - February 18, 2026


“Get The HELL Out Of California” - Wealth Tax Fears TRIGGER Mass Exodus To Nevada


Episode Stats


Length

9 minutes

Words per minute

187.91574

Word count

1,695

Sentence count

160

Harmful content

Misogyny

1

sentences flagged

Toxicity

5

sentences flagged

Hate speech

6

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Rich Californians flocked to Las Vegas housing market as lawmakers considered wealth taxed. Is it a good move or a bad one? We talk about the pros and cons of living in Las Vegas and why it s a better option than California.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 In regards to, we have so many of them, I'm trying to see which one to go with.
00:00:05.020 Let's go to this one.
00:00:06.240 Rich Californians flocked to Las Vegas housing market as lawmakers considered wealth taxed.
00:00:10.840 Tom, you briefly mentioned this a little bit earlier.
00:00:14.060 Now they're looking at Nevada.
00:00:16.540 New data shows that by the end of 2025, more than 23% of Realtor.com listings views for
00:00:23.720 Las Vegas home came from L.A., making it the leading source of out-of-market interest.
00:00:28.840 San Jose accounted for more than 8% of the views, while Riverside, California, made up
00:00:34.520 4% of the views.
00:00:35.680 Migration from California to Las Vegas may reflect both tax consideration and a meaningful affordability
00:00:40.660 gap between the two markets.
00:00:42.600 The gap is substantial.
00:00:43.920 L.A.'s typical home priced at topped at $1 million in January.
00:00:48.060 That's insane.
00:00:49.000 While San Jose's median listing price was at $1.1 million, Vinny.
00:00:54.560 Median listing price at $1.1 million.
00:00:57.720 In contrast, Vegas median listing price stood at $4.65, according to Realtor.com.
00:01:03.240 For some clients, it's purely financial.
00:01:04.980 They can sell a $2 million home to a $3 million home in California and purchase a comparable
00:01:09.860 or larger property in Vegas for less while reducing their ongoing tax burden.
00:01:14.600 Tom, thoughts?
00:01:15.620 So, guess what?
00:01:16.300 The headlines show that the billionaires are moving down to Florida, including Indian Creek,
00:01:20.580 is about to welcome the Zuckerberg family coming down there.
00:01:25.080 And we already saw that the Google founders, Page, actually brought his entire family office,
00:01:34.080 a bunch of, I think it was like, what, 12 or 15 LLCs or something, Pat, that also got registered.
00:01:39.340 In other words, he didn't just buy a vacation home.
00:01:40.920 He put a bunch of LLCs, apparently, according to the story, re-registered in Florida.
00:01:45.700 So, the billionaires are getting headlines of coming to Florida.
00:01:48.660 But what about everybody else suffering under the housing insurance crisis, the car insurance crisis,
00:01:54.200 the cost of living, what's happening to electricity in Florida?
00:01:57.440 What about all the regular people, Vinny?
00:01:59.320 You know what they're doing?
00:02:00.080 They were searching on Zillow for $400,000 houses in Las Vegas.
00:02:06.680 So, think about all the things you could do.
00:02:09.200 What if some of these people are remote IT workers?
00:02:12.260 I could live in California.
00:02:13.460 I could live in Las Vegas.
00:02:14.380 They live over here.
00:02:15.260 But the crazy thing, it just shows that the interest is there, that it's not just the billionaires leaving, Pat.
00:02:21.460 You've got average people looking for $400,000 homes and 25% of the traffic on Zillow and Realtor.com now is coming from California to no income tax Nevada with a lot of – remember, it's not just Sin City at the core.
00:02:38.340 There's huge areas and neighborhoods all through Las Vegas for people that live and work there and have nothing to do with the strip.
00:02:45.660 It's so true. 0.84
00:02:46.300 I mean, Vegas used to be a – when you think about Vegas, you would think about just casinos and all that stuff.
00:02:51.240 First of all, casinos are down.
00:02:53.580 Hotels are taking a hit.
00:02:55.120 The only thing that's doing okay is events is doing okay.
00:02:58.260 But people are living in Vegas as if it's a regular city to live in.
00:03:01.480 You have no state income taxes.
00:03:03.420 You know, weather is decent.
00:03:04.500 Of course, summertime gets very, very hot.
00:03:07.220 You know, but at the same time, it's down the street.
00:03:10.020 So, if you want to go back and visit family in L.A., it's a four-hour drive, three-and-a-half-hour drive.
00:03:14.020 45-minute flight.
00:03:14.360 Yeah, 45-minute flight.
00:03:15.420 So, it's not a bad option.
00:03:18.060 And a lot of my friends bought properties in Vegas, and they lived there 185.
00:03:21.980 Really?
00:03:22.320 These are guys that make tens of millions of dollars per year, but they live in Vegas 185 to not have to pay that residential tax.
00:03:30.920 You've got to get the right accountants with that to help you out, but people that have experienced, reputation.
00:03:35.400 But they're doing that to save that money.
00:03:37.240 Adam, thoughts?
00:03:37.760 Yeah, speaking of save that money, there's a lot of rich people that are going to have to make a come-to-Jesus decision over the next handful of years.
00:03:46.260 So, yesterday, I was invited to this amazing, amazing Lunch and Learn meetup, and it was all Silicon Valley guys.
00:03:54.240 And it was put on by, I don't know if you know who Nas Daly is, massive, massive YouTuber, influencer.
00:03:59.400 You pull him up, you've seen his face.
00:04:00.800 And he was interviewing a guy named Keith Raboy, Raboy.
00:04:06.100 And Keith was an original PayPal Mafia guy.
00:04:08.960 If you pull up Keith, R-A-B-A-O-I-S, he's a PayPal Mafia guy, and there was about 20, 30 guys there.
00:04:17.180 They said, how many of you guys moved here from California or New York in the last 6 to 12 months?
00:04:22.480 18 of the 20 people in the room put their hand up.
00:04:26.460 They all just moved here.
00:04:28.280 How many people have been here for a couple years?
00:04:30.180 Three hands go up.
00:04:31.880 How many people have been here more than five years?
00:04:33.940 I'm the only hand in the room that goes up.
00:04:36.740 Everyone's looking at me like, how long have you been here?
00:04:38.700 I'm like, my entire life.
00:04:40.600 So, what I'm seeing, my lived experience, is that these people are ready to get the hell out of California.
00:04:49.280 I'm not saying that Silicon Valley isn't going anywhere.
00:04:51.600 He talked about my friends.
00:04:53.860 Mark Zuckerberg just bought a $200 million house.
00:04:57.020 The Google boys are doing this.
00:04:58.740 We all know that Jeff Bezos, this is his world.
00:05:01.260 I don't know nothing about this world.
00:05:03.320 I'm going to fly on the wall, grateful to be there, sitting there.
00:05:06.140 But I know Miami better than every single person in the room combined.
00:05:10.340 And they're all saying this.
00:05:11.720 At some point, the incentives have just vanished.
00:05:15.700 And they don't appreciate the builders, the creators, the entrepreneurs.
00:05:20.100 And, in fact, they villainize them.
00:05:22.680 And they say, we don't appreciate you so much that we're going to do everything in our power to take away all your money and drive you out of here.
00:05:29.100 And at some point, they go, all right, peace out, bro.
00:05:32.060 And they're all coming to Florida.
00:05:33.980 Who did we just say just bought a billion-dollar house or was building a billion-dollar house?
00:05:38.680 Dan Griffin.
00:05:38.900 What is it, the wealthiest house in the history of America?
00:05:43.940 Billion dollars?
00:05:44.880 So these guys are coming, whether you like it or not.
00:05:48.360 And it seems to be that California just doesn't care.
00:05:51.500 So either they want a socialist hellhole or they just don't value the job creators.
00:05:59.420 But I'll say this.
00:06:02.020 Trump said something about the other day.
00:06:03.540 He goes, yeah, of course.
00:06:04.660 Biden, you know, he hired, you know, hundreds of thousands of government employees.
00:06:09.700 I got employees working in the private sector.
00:06:12.440 There's a big difference between private sector jobs, entrepreneur, versus government jobs.
00:06:17.640 Like you tell the story about going to DMV or going through TSA versus Clear.
00:06:22.480 These are the guys that change the world, that build the companies.
00:06:25.820 And they're getting hell out of California.
00:06:27.660 They're leaving New York.
00:06:28.700 And they're coming to Florida.
00:06:30.260 That's it.
00:06:31.260 There you go.
00:06:32.160 And I don't think it's slowing down.
00:06:34.540 You know, if you're looking at buying property in areas, Tennessee's not going to slow down.
00:06:40.380 Florida's not going to slow down.
00:06:41.840 Nevada's not going to slow down.
00:06:43.540 Texas is not going to slow down.
00:06:44.840 North Texas and North Dallas is going to keep growing.
00:06:48.200 Whether it's Frisco, Prosper, McKinney, all those areas.
00:06:52.760 Right around this area, you know, with what's happening right now with Pompano, building up a, you know, Waldorf Astoria.
00:06:59.260 You got, what's the other one?
00:07:00.680 Ritz.
00:07:01.580 They used to be number one out there, number 26.
00:07:03.540 So they're building Ritz and a few other properties that they got going on.
00:07:06.640 They got a few of them that's being built.
00:07:09.240 So you're, you're, you're, you ought to be optimistic about these areas that you're in. 0.94
00:07:15.060 And California, every time you're like, they're going to figure something out, they keep going back to doing dumb things, doubling down on dumb ideas. 0.96
00:07:22.540 Okay. 1.00
00:07:22.900 Doubling down on dumb. 0.99
00:07:24.280 This right here. 0.99
00:07:25.300 By the way, these things cost $700 for each to make.
00:07:29.020 They're all custom made.
00:07:30.180 Listen to how heavy it is.
00:07:31.280 Ready?
00:07:32.680 Oh, man.
00:07:33.100 This is very heavy.
00:07:34.000 You can hurt somebody with this.
00:07:35.040 Someone officially crossed 5,000 Menecks, the fastest in a history of Menecks, even faster than me.
00:07:41.460 She crushes it on Menecks. 1.00
00:07:43.080 She keeps winning the super heavyweight champion of Menecks on a monthly basis.
00:07:47.500 Shout out to Lindy Lee. 1.00
00:07:48.740 Lindy.
00:07:49.020 She just crossed 5,000.
00:07:50.400 That's crazy.
00:07:50.880 Two weeks ago, and she's already at 5,514 Menecks that she's done.
00:07:56.460 Lindy, this is on its way to you.
00:07:58.460 For some of you guys that have questions, especially the conversations we have with Lindy,
00:08:02.220 ask Lindy about the room she's been in with Hillary, Kamala, all these other guys,
00:08:05.700 raising money for the Democratic Party.
00:08:07.420 She's got a lot of insight.
00:08:08.800 Congratulations, Lindy.
00:08:09.840 You officially get the first.
00:08:11.080 Now, the next one is the black one, which I just crossed 10,000 Menecks myself. 1.00
00:08:15.320 So, this also happened.
00:08:16.780 This works.
00:08:17.680 It's funny when I'm looking at how much, the amount of, you know, connections you can build with people,
00:08:22.200 but respect to Lindy.
00:08:23.800 Also, you know who quietly just passed Menecks yesterday at 5,000?
00:08:27.080 A guy named Adam Sosting just passed 5,000.
00:08:28.500 Oh, there we go.
00:08:29.440 But yours will come in.
00:08:31.880 He just crossed 5,000 Menecks. 0.87
00:08:33.140 I sent it to you yesterday.
00:08:34.780 Yours is being customly made.
00:08:36.220 Lindy, this will be shipped out to you here very soon.
00:08:38.720 You're amazing.
00:08:39.320 Keep at it.
00:08:40.200 And by the way, guys, just recently, Andrew Wilson is now responding on Menecks.
00:08:44.480 Alex Jones is on Menecks.
00:08:45.560 He's got a bunch of different people if you guys want to ask him questions.
00:08:48.260 Kasperi and Emily, Austin, Cuomo, a bunch of these guys responding to Menecks. 0.99
00:08:52.280 But Lindy is officially at 5,000 plus Menecks. 0.94
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00:08:58.420 And if you want to watch the entire podcast, click here.