Who can afford to buy a new house in a remote subdivision lacking local employment?

[ZZGAMAZZ]

Driving twice recently: East of HIghway 215, south of Perris & north of Murrieta: Must be 20 million new homes being built but I don't understand: 1) Where enough people coming from that can afford what presumably is $600K and above; and 2) Where the H are they gonna work, unless they all are building the new homes, because there sure ain't much tangible local employment within .... maybe 40 miles at least, north in Riverside or south in Temecula, not that those two locations are hotbeds of employment. Is everybody buying simply as an investment, presuming future price increases, or are these builders creatiing subvidisions that in 10 years will be like Adelanto or Hesperia in 2010?

 

[George Hatch]

They commute. Always have.

 

[Charles West]

Driving twice recently: East of HIghway 215, south of Perris & north of Murrieta: Must be 20 million new homes being built but I don't understand: 1) Where enough people coming from that can afford what presumably is $600K and above; and 2) Where the H are they gonna work, unless they all are building the new homes, because there sure ain't much tangible local employment within .... maybe 40 miles at least, north in Riverside or south in Temecula, not that those two locations are hotbeds of employment. Is everybody buying simply as an investment, presuming future price increases, or are these builders creatiing subvidisions that in 10 years will be like Adelanto or Hesperia in 2010?

Isn't it a big affordable housing development, a public/private partnership?

 

[ZZGAMAZZ]

Isn't it a big affordable housing development, a public/private partnership?

Hmmmm, I drove through the area en route to Canyon Lake and didn't further research it because the neighborhood of my assignment wasn't affected. However, I'm sure that I saw about a half-dozen different projects; and I'm unfamiliar with the type of partnership that you describe. Hmmmm.

 

[Terrel L. Shields]

Tele-commuting has been a thing longer than many people think. In 1999, I was in Vernal, UT after a 20-year absence. While still a Utah Mormon-cowboy-oil field town, there were substantial numbers of new homes, big homes and a small airport with lots of twin engine planes and even a couple of small jets. Mentioned that to a saddle maker we were visiting, and he said that they commuted by air from Silicon Valley when necessary. But they lived there, their wives were there, their children went to local schools. A major fiber optic cable had been laid thru the town and so they have much better internet in Vernal, while we were still struggling with dial up or at best, DSL. So, they worked online from home most of the week. Only flying to SV when necessary.