I don't know WTF you were looking at, but I was just in LV with my Dad looking at property. Many of the brand new Turnberry high rises (they're like 20 - 35 stories) rent for $1/square foot/month and sell for like $100 - $200/square foot. They are absurdly cheap, as most of the other places he looked, and they're modern.

Keep in mind that some have unreasonable asking prices. So I don't know what you were looking at, but the market is falling in LV (my Dad has been seeing price drops over the time period he's been looking). Here is some quick data via Duck Duck Go: https://ballenvegas.com/las-vegas-real-estate-market-report/...