In a Review Journal letter, McKenli Williams breaks down the real culprit behind Southern Nevada’s stubbornly high home prices: the federal government controls nearly 90% of Clark County, leaving almost no private land to build on. With BLM auction prices sometimes topping $400,000 an acre and nearly 27,000 acres still stuck in bureaucratic limbo under a 1998 law meant to fix exactly this problem, it’s clear the affordability conversation needs to go beyond mortgage rates.
Read the full letter to see why federal land policy, not just interest rates, is driving Nevada’s housing crisis