Coachella Valley - New Home Construction Thoughts

[Cameron Sigurdson]

Hi Everyone, I would like to start a discussion for those of you who have interest in the Coachella Valley area. I have been doing some research on the perspective growth of the valley and there seems to be a decent size increase in population forecasted for the next 10 years. I have been going back and forth about buying properties or buying land out there. I would like to get some thoughts and opinions on purchasing land in some of the areas north of the 10 FWY as that is where I believe most of the "New Construction" will begin to occur. Anyone else thinking about this? 

Population is expected to increase a good amount in the next 10 years... something like 30-40% 

[Chris Latham]

Coachella Valley and Desert Hot Springs are booming right now because of Medical Marijuana.  Not sellers or buyers but growers.  Many acres of land have been set aside for state approved growing and harvesting.  Land and property values have increased as a result.

We have 4 SFR rentals in Desert Hot Springs and we have seen the property values increase.

There have been a number of news articles about it:

http://www.latimes.com/local/la-me-marijuana-culti...

http://www.desertsun.com/story/news/local/coachell...