VEGAS SUCKS DRY THREE GENERATIONS OF WEALTH

Survey: 4 of 10 residents looking to leave Las Vegas
During Las Vegas’ boom years, plentiful jobs were enough to keep the masses moving here says the Las Vegas Sun.

Now that the boom has gone bust, a new survey by UNLV researchers suggests a large share of valley residents see little reason to stay. The Las Vegas Metropolitan Area Social Survey found 40 percent of locals want to leave the state.

THE GULIANO FAMILY BITES THE DUST

One family’s story illustrates the pain. The Guliano family purchased farm land in Ohio in 1896 and began the laborious process of building a Farm from scratch. They borrowed money and created a profitable Farm which upon their death passed to their Children in 1945.

The Guliano Children continued building up of the Farm and upon their death passed the farm to their kids, the Guliano Grandchildren in 1988.

In 2004, the Guliano Grandchildren sold the three generation Farm, now worth a small fortune, and moved to Vegas and purchased real estate with dreams of making it big. Instead, the Vegas real estate market crashed soon thereafter, and the Guliano Grandchildren lost it all.

The Guliano Grandchildren, now broke, have since returned back to Ohio to begin the laborious process of building up yet another farm from scratch so that their children and grandchildren can have something to live on.

About Stout Law Firm

James Stout has practiced law in Orange County since 1995 and is highly regarded by the business community. He has passed three bar exams, California, Arizona and Nevada.
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