- Gus Lira, a managing partner at a jet chartering company, recently moved from Malibu to Las Vegas.
- Lira said the main reason for the move was financial, citing taxes in California.
- Lira also said the $1.9 million home he got in Vegas would be $8 million in Malibu.
This is an as-told-to essay based on a conversation with Gus Lira, a managing partner at a private jet charter company, who recently moved from Malibu, California, to Las Vegas. Business Insider verified the real estate prices. The essay has been edited for length and clarity.
I was born in Los Angeles and was there until the age of 10. After that I spent time in Texas, Florida, and Mexico. I returned to California in 2000.
Just like everyone else who comes to Los Angeles or California , I moved back because it’s beautiful. The weather, the topography. The California coast. I first lived in Hermosa Beach, which is great, but it’s extremely condensed. Malibu is more open, so I moved there and stayed for 17 years.
At first, it was great. Was it costlier to live in California than in Texas or Florida? Yes, but Los Angeles is a big city. But, as time has progressed, it’s become unbearable.