Menifee's Growth and Quickly Becoming Less Affordable to Buy

[blazenjames]

Originally Posted by apple92680

Problem with those towns is that they aren't close enough to major job centers. People who work in the job centers of Riverside and Ontario will live in Perris, Moreno Valley, Norco and Eastvale.

Banning/Beaumont can market themselves as "Coachella Valley adjacent" and get some retirees who may otherwise move to Palm Springs, but how many people will go for that and pay the Mello Roos taxes on those new builds?

You're essentially paying Temecula/Murrieta prices without the conveniences of a fully planned city and being near San Diego, Orange County.

Wrong. Temecula is substantially higher than Banning/Beaumont. Beaumont is 15-20 degrees cooler than Palm Springs. Palm Springs is unlivable for 6 months of the year. From Beaumont, the entire LA metro area is only 1-1 1/2 hours. Beaumont to Pasadena in 1 hour 15 minutes. Beaumont to Huntington Beach is about the same. Temecula is much more remote.

[DabOnEm]

Originally Posted by apple92680

Problem with those towns is that they aren't close enough to major job centers. People who work in the job centers of Riverside and Ontario will live in Perris, Moreno Valley, Norco and Eastvale.

Banning/Beaumont can market themselves as "Coachella Valley adjacent" and get some retirees who may otherwise move to Palm Springs, but how many people will go for that and pay the Mello Roos taxes on those new builds?

You're essentially paying Temecula/Murrieta prices without the conveniences of a fully planned city and being near San Diego, Orange County.

Depends on what job centers you're talking about because they are for sure close enough to anything job center east of the 91/215. The connectivity from Beaumont/Banning will get even better once the 60 expansion is completed in a couple years. In this new remote work world, their distance matters much less if you're going into the office 0-2 times a week.

They may not be giant master-planned cities but they have still be incorporated for decades and have been following their own growth plans. The access they have to the mountains on either side is pretty good too. Plus an easy out to Vegas or Morongo without having to go through a lot of traffic. Their value will shoot up more as the cities between Redlands and Beaumont fill out.

And like the poster said above, Beaumont/Banning are cooler than Palm Springs considerably. Plus they get a nice wind breeze due to being between two mountain ranges.

[apple92680]

Originally Posted by NORTY FLATZ

Temecula/Murrieta/Wildomar reminds me of San Fernando Valley. When the bubble bursts, I'm buying in this area...

San Fernando Valley?

Not really.

Temecula/Murrieta/Menifee/Wildomar/Lake Elsinore looks and feels more like Santa Clarita and it's ever-expanding tentacles that stretch between Fillmore and Palmdale. Highway 126 from Piru to Castaic and up the 14 to Acton will be one unbroken line of concrete soon, with a few wineries sprinkled in to keep the area "quaint" and the RE prices high.

I'm really surprised Temecula and Murrieta don't just merge into one single entity as they are virtually identical. Having one large municipal entity in that area would be powerful, especially as Menifee, Lake Elsinore, Wildomar and Hemet/French Valley start to grow.

As it is, the area is turning into a bunch of competing "mouths" saying "Me too, me too!" to the county offices in Riverside, as opposed to one strong regional voice.

[antredd]

Originally Posted by waltchan

If you don't need to commute to Orange County or Los Angeles County to work (which most people are forced to live in Lake Elsinore, CA area), then the extra 15-20 minutes of driving is no big deal.

McSweeney Farms in Hemet is the new best-value deal after Beaumont/Banning, CA for the next 5-10 years of home construction. It will continue to be the more-expensive Hemet neighborhood. Personally for myself, I like downtown Hemet better than downtown Menifee (which is none yet), since it's an established with a growing downtown community (if you can get past of the higher crime rate, which is improving).

Crime is pretty much every where now.