Sounds like there are some good stories and bad ones about living in LV. I for one am not planning to move there anytime soon. Maybe when I retire, which won't be until another 25-30 years. But I do visit as much as possible, because I love the town. Some of you said the locals don't really go to the strip, unless you have visitors. My friend would do the same thing. He got so sick of the strip, hence the reason he moved to Henderson.
The last time I was out in Vegas (about a month ago), my girlfriend and I took the liberty of actually going away from the strip and drive around town. I couldn't believe how cheap it was to live out there. Regular apartments had signs that said "$99 move in special"!!!!!! Saw rents for $400 a month!!!!!! I have never seen anything like that out here in San Diego. Cheapest I have ever seen was about $795 for a studio and that's in the damn ghetto!
For whatever it's worth, I love LV and will visit it as much as possible. My girlfriend always tells me that we need to visit other places like San Francisco, Santa Barbara etc... I still like LV better.