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I love your positive thoughts but you are truly just dreaming. Compare UC Merced with UC Riverside. How has that worked out so far? Riverside is still a PIT and Merced is still striving to get to Riverside status. Just facts here. I don't think Merced will be a desirable destination, at least not to me, in my lifetime. Again, look at Riverside and tell me how Merced is going to work out better than the city with the second easiest UC to get into (Merced being far and away the easiest and easier than most of the CSUs). I just don't see it. Love your positivity but I think you are smoking some funny stuff.
I graduated from UC Riverside in class of 2007, in addition with one of my classmates who is a brother of lead-vocalist in "Trapt" rock band, featuring their song "Headstrong," since we met the first day of dorm freshman year.
Housing cost in Riverside County is no longer affordable as it used to be, and its infrastructure is completely aging, since most homes were built in 1950s. Investors are losing interest in Riverside and San Bernardino now, due to high housing costs, limited land space on 91 and 215 freeway area, and lack of incentives for new companies to move here. The Inland Empire will continue to grow, no doubt, but it won't grow as fast as it used to be.
Merced County has tons of open land available to build, and all infrastructure can support latest 22th century design. Governor Gavin Newsom is so super stocked with Merced, CA, that he wants all 22th century buildings to build there with fresh-start from ground up.
Economic boom is randomly determined by "magic" or "innovation" suddenly overnight from one big anonymous investor. Like I said earlier, I like to choose Merced County to host my Burning Man event monthly in one open big land where people and tourists can easily access and come together. Then the fans and people can decide how to settle their lives and contribute to Merced's economy.
I also like to vision a new "Merced Strip," a competitor of "Las Vegas Strip." No casinos allowed, but maybe more like a party-city Belgrade, Serbia scene.
I graduated from UC Riverside in class of 2007, in addition with one of my classmates who is a brother of lead-vocalist in "Trapt" rock band, featuring their song "Headstrong," since we met the first day of dorm freshman year.
Housing cost in Riverside County is no longer affordable as it used to be, and its infrastructure is completely aging, since most homes were built in 1950s. Investors are losing interest in Riverside and San Bernardino now, due to high housing costs, limited land space on 91 and 215 freeway area, and lack of incentives for new companies to move here. The Inland Empire will continue to grow, no doubt, but it won't grow as fast as it used to be.
Merced County has tons of open land available to build, and all infrastructure can support latest 22th century design. Governor Gavin Newsom is so super stocked with Merced, CA, that he wants all 22th century buildings to build there with fresh-start from ground up.
Economic boom is randomly determined by "magic" or "innovation" suddenly overnight from one big anonymous investor. Like I said earlier, I like to choose Merced County to host my Burning Man event monthly in one open big land where people and tourists can easily access and come together. Then the fans and people can decide how to settle their lives and contribute to Merced's economy.
I also like to vision a new "Merced Strip," a competitor of "Las Vegas Strip." No casinos allowed, but maybe more like a party-city Belgrade, Serbia scene.
My point is FIFTY years ago UCR was all alone out there and there was probably someone, like you, talking about great Riverside would become now that they had this great UC school. Now look at it! Yuck! The entire Inland Empire is not so nice... much like the entire central valley. Hopefully Merced does better but I don't see it. Good luck to you.
P.S. Don't quit your day job!
My point is FIFTY years ago UCR was all alone out there and there was probably someone, like you, talking about great Riverside would become now that they had this great UC school. Now look at it! Yuck! The entire Inland Empire is not so nice... much like the entire central valley. Hopefully Merced does better but I don't see it. Good luck to you.
P.S. Don't quit your day job!
I just did more research on UC Riverside history. By 1990-1991 school year, it had a total of 8,716 students, identical number to UC Merced today for 2019-2020 school year. So, I can officially confirm that Merced, CA is experiencing a boom like Riverside, CA experienced during 1990 year when it was once growing with new homes (near Corona, CA border) in La Sierra neighborhood area.
Today, UC Riverside has over 25,000 students total, with plans for up to 35,000 students by year 2035, so home prices near the university campus will likely grow from over $525,000 with 3,000 sq. ft. (used to be $415,000 in 2016 when first started) to $850,000-$900,000 estimated (appraised by me) at max by year 2030-2035 at Spring Mountain Ranch area.
Probably better ROI rate if you live in this Spring Mountain Ranch community in Riverside, CA than anywhere in Las Vegas, NV, for sure, due to less competition, insufficient amount of land, and unexpected high number of college graduates from UC Riverside looking to live and work in Inland Empire too.
Actually (when I last visited), they sold over 140 homes (lots) since June 2019 first opened, far bigger demand than anywhere in Las Vegas. This extraordinary example shows clearly that California is not dead yet, and Vegas residents may be moving back to California shortly if there's a magic reason why.
I'm bullish on the CV like chan, but obviously not to his level.
My 2c
Things are looking pretty good for the CV. Crime is down, air quality has improved, schools are a lot better, lots of new development, etc.
- people don't realize that gentrification is hitting the CV pretty hard, too. Coastal people are coming in, buying up houses, and poor/lower middle ppl are starting to leave. It's already made a noticable difference and it's just begun. CV was once a dumping ground for socal riffraff, but that isn't the case anymore.
I remember the winter's being kinda gross(bay area ish) when I was a kid, but now winter's feel more like socal winter's, which is an upgrade . So summer is the only real weather annoyance for the cv. And I'll take most(98/100) CV summers over Vegas summers. Thats a nice card to have.
As Vegas keeps overbuilding, you get hotter weather, especially at night. That's going to start hurting business and causing other issues. It's a good thing that the CV isnt overbuilt like Vegas.
"But Vegas is drier and windier" you still get summer wind in the CV(Bakersfield region is the exception) and the CV is no slouch in dryness. Heck, it's often drier in the sj valley than in Phoenix for weeks on end.
A monthly party in Merced? I don't think that's doable unless there's high speed rail. Maybe one day it will work, but it's gonna be a good while.
CV does need to go after the entertainment dollar, but the tech dollar is what it needs to be focusing on the most. That's the golden ticket.
Last edited by dontbelievehim; 02-18-2020 at 03:37 AM..
A bit off topic, but what is the deal with the California work ethic?
I had a coworker from So Cal get really mad at me for raising my productivity standard to meet new standards. He said it is going to make him look bad.
Completely caught off guard by this attitude. Is this common or just an anomaly?
Actually (when I last visited), they sold over 140 homes (lots) since June 2019 first opened, far bigger demand than anywhere in Las Vegas. This extraordinary example shows clearly that California is not dead yet, and Vegas residents may be moving back to California shortly if there's a magic reason why.
I’m not sure what your referencing here. In Summerlin alone, there were 675 new homes sold in the first 6 months of 2019;
If your referencing one development, that’s not an apples to apples comparison. Anecdotally, where I live there are housing led being built and sold pretty robustly.
Cost of living is and will be a main driver for where live for two very distinct cohorts in the next 10 years. Millennials looking to settle and buy homes and build families and boomers retiring.
No state income tax and lower relative property taxes are not an insignificant advantage for LV. Granted, puli. Schools are an issue, but I don’t see that being an impediment to growth in population here.
Demographically, LV will have more inflow of people that outflow for the foreseeable future. Increase in Silicon Valley and Forrune 500 companies allowing for Remote work and online business owners will only continue to enhance the already non tourist economy.
Sure, you made a great case for Riverside and Merced, I hope it works out for you. I’m just not sure I agree with your thesis that people are going to flock there over LV when given the choice.
I just did more research on UC Riverside history. By 1990-1991 school year, it had a total of 8,716 students, identical number to UC Merced today for 2019-2020 school year. So, I can officially confirm that Merced, CA is experiencing a boom like Riverside, CA experienced during 1990 year when it was once growing with new homes (near Corona, CA border) in La Sierra neighborhood area.
Today, UC Riverside has over 25,000 students total, with plans for up to 35,000 students by year 2035, so home prices near the university campus will likely grow from over $525,000 with 3,000 sq. ft. (used to be $415,000 in 2016 when first started) to $850,000-$900,000 estimated (appraised by me) at max by year 2030-2035 at Spring Mountain Ranch area.
Probably better ROI rate if you live in this Spring Mountain Ranch community in Riverside, CA than anywhere in Las Vegas, NV, for sure, due to less competition, insufficient amount of land, and unexpected high number of college graduates from UC Riverside looking to live and work in Inland Empire too.
Actually (when I last visited), they sold over 140 homes (lots) since June 2019 first opened, far bigger demand than anywhere in Las Vegas. This extraordinary example shows clearly that California is not dead yet, and Vegas residents may be moving back to California shortly if there's a magic reason why.
Oh, when you say it like that it makes so much sense. I totally get it. That UC education at work! I am impressed. Riverside is so desirable (to somebody) and they have a low level UC school. Now compare Merced, which is even worse than Riverside and has an even lower level UC school. Merced has lots of room to grow and everybody will magically want to move there to be with all the people that "California government transports all "caravan" migrants from Central America by bus to Merced county." Therefore Merced is better than Las Vegas for future growth prospects and will one day be an entertainment destination similar to Las Vegas but more of a an international party scene like Belgrade, Serbia. I get it. That makes sense. I wonder what show Cirque will open first in Modesto!? The future is bright in Merced! Woooooo whooooooo!
I remember the winter's being kinda gross(bay area ish) when I was a kid, but now winter's feel more like socal winter's, which is an upgrade . So summer is the only real weather annoyance for the cv. And I'll take most(98/100) CV summers over Vegas summers. Thats a nice card to have.
Yep..., you just create your demand here. California Central Valley is a new threat to the already overproduced Las Vegas housing market, due to slightly cooler summertime weather there. I'm suspicious with Vegas home prices these days, hence the creation of this thread.
Quote:
Originally Posted by dontbelievehim
A monthly party in Merced? I don't think that's doable unless there's high speed rail. Maybe one day it will work, but it's gonna be a good while.
CV does need to go after the entertainment dollar, but the tech dollar is what it needs to be focusing on the most. That's the golden ticket.
There will be a high-speed rail stop in place at Merced, already confirmed. Everything feels and looks more high-tech in California than Nevada, in general, and migration from Las Vegas to Merced may happen soon by year 2040.
My point is FIFTY years ago UCR was all alone out there and there was probably someone, like you, talking about great Riverside would become now that they had this great UC school. Now look at it! Yuck! The entire Inland Empire is not so nice... much like the entire central valley. Hopefully Merced does better but I don't see it. Good luck to you.
P.S. Don't quit your day job!
He's just a troll
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