Raise your hand if you want to live in a brand new city, in the middle of the California desert. Homes will start at just $1 million each.
Photo Above - Reader Challenge: see if you can find Disney's latest planned community on this map. Hint . . . it's in the middle of the desert, 120 miles southeast of Los Angeles. Don't get distracted by the prominent earthquake fault lines.
I blame myself for this. Disney is building a “desert oasis” of 2,000 homes. They must have heard there’s a housing crisis. But these homes will start at over $1 million each. The nicer ones around $2+ million. . . . See link below.
I guess Disney missed the part about AFFORDABLE housing crisis. You'd need a $400,000 annual income to buy a $1 million house. And you need 20% down ($200,000). Gen Z kids will be so disappointed.
Where will this magic kingdom be built? 120 miles inland from Los Angeles. In the desert, where the annual rainfall is 5 inches per year. In the vicinity of Ranch Mirage, and the Coachella Burning Man steam punk/apocalypse partiers.
If you asked me where to build 2,000 ultra ritzy million-dollar homes, it wouldn’t be in the middle of the effing desert. A desolate patch of sand more than two hours from LA and Hollywood, and far from the kind of jobs which could generate the cash flow such an expensive house. I don’t know what people do for a living in Rancho Mirage. Maybe they're all retirees. But why would they move to California, where taxes are so insanely high, if they're on fixed incomes?
In addition to the housing crisis, I've been carping about how AI and Bitcoin mining are gobbling up all of America’s electricity. We’re running out kilowatts in places like California, Texas, New Mexico, Arizona. How much juice will it take to air condition these 2,000 Disney Desert homes? How much water will they need? The Colorado River is already 200% spoken for, by Angelinos and farmers. Are we going to start running out of almonds and arugula?
Don’t get me started on earthquake fault lines in the vicinity. Evidently there’s a major one about 10 miles from Rancho Mirage. But since all these million-dollar homes will be single story, not high rises, they probably won’t topple over due to ordinary, garden variety tremors.
Again, I apologize for mentioning the housing crisis in this forum over and over this year. If I triggered Disney's plot to get rich(er) by building million-dollar homes in the middle of the desert, I’m truly sorry. But I think Disney’s plans have been in the works for quite some time. The houses are nearly ready, and the first 300 families are supposed to start moving in next year.
I’m just sayin’ . . .
Disney's New California Desert City Starts Taking Shape (msn.com)