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Updated over 7 years ago on . Most recent reply

User Stats

47
Posts
11
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Albert L.
  • Investor
  • Temple City, CA
11
Votes |
47
Posts

Eastern Inland Empire appreciation potential?

Albert L.
  • Investor
  • Temple City, CA
Posted

What do you guys think about the long term potential of the more eastern areas of the IE? The Riverside, Moreno Valley, Redlands, Loma Linda, Perris, Hemet, Banning area? There's quite a significant population growth, due to those escaping OC/LA prices and I see articles project the Riverside-San Bernardino-Ontario to be 10th largest MSA by 2046.  Do you guys think eastern IE could be what Rancho Cucamonga was in the 80s? As land becomes more scarce and urban sprawl causes more development in the semi plentiful east IE area?

I notice in the Moreno Valley area, there's quite a bunch of new developments and non-chain eateries slowly popping up. Downtown Riverside also has some intriguing projects like the Food Lab (similar to Anaheim Packing House).

Just wanted a casual discussion. 

Most Popular Reply

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3,286
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3,788
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,788
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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

Albert L. I don't see it happening, but what do I know? If you get too eastern you lose any relevant connection to Los Angeles. I don't know if Riverside stands any better chance of being a secondary nexus that maybe Temecula. My personal (non-data-driven) thoughts are once you're that separated you may as well pick up and move to Vegas, Phoenix, etc. Some other geography where cost of living is more palatable. And once you're inland, especially that far inland, it's not as though the weather keeps you here. A Hemet to Los Angeles commute just seems impossible long, even if you spring for the 15th generation Tesla in 2034!

What intrigues me more is the potential for Palm Springs, Rancho Mirage, etc. People seem to like spending time there. It has a good sized retirement population already. And post-retirement maybe there's some desire to move out of Los Angeles but still stay pseudo-close. Prices there aren't exactly low at the moment but I could see that market swell over the next 20 years.

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