Would not be surprised if foreign investors / families swoop in and add to their real estate nest egg. I had family who lived in Corona Del Mar / Newport Beach . A number of the million dollar beach bungalows in those areas were owned by families from Asia and the Middle East who came approx 1-2x a year for a visit.
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Storyliving by Disney - a Disney-branded, master-planned home community
- Thread starter DCBaker
- Start date
AJFireman
Well-Known Member
Here a local Desert Sun article on the development.
Keypoints I see is the Development was approved since 2019 with the developer DMB Development not sure if Disney has been involved since the begining. Its seems its been on the developers website as Section 31 for years. So like someone else said surprised this was not leaked even a bit. News article says about 1,700 houses and a hotel with some commercial and retail also.
Looking at the map and being familiar with the area its an ideal location. South of the freeway in the middle of the city not on the outskirts. Close to a good hospital that caters to the clientele that will buy into this planned community. It does have a 55+ section planned. They will probably heavily market to the Club 33 members.
Keypoints I see is the Development was approved since 2019 with the developer DMB Development not sure if Disney has been involved since the begining. Its seems its been on the developers website as Section 31 for years. So like someone else said surprised this was not leaked even a bit. News article says about 1,700 houses and a hotel with some commercial and retail also.
Looking at the map and being familiar with the area its an ideal location. South of the freeway in the middle of the city not on the outskirts. Close to a good hospital that caters to the clientele that will buy into this planned community. It does have a 55+ section planned. They will probably heavily market to the Club 33 members.
Want to live in a Disney house? New development in Rancho Mirage promises 'magic'
Disney Imagineers will be involved in creating the concept for the project, which includes 1,700 homes, 400 hotel rooms and a 24-acre swimmable lagoon.
www.desertsun.com
Sirwalterraleigh
Premium Member
A little? It’s borderline ridiculous. Especially since near everyday something comes out about the housing market being juiced. Like today when it was shown that “investors” bought a record share of real estate in 2021.
…cause that turns out so well when those with an unlimited expectation of money dabble in real estate.
Anyway…I miss this guy more everyday:
Money laundering is taboo, but one of the places to get into and continue to do so is buying up real estate. All cash offer is music to a real estate agent's ears.
Sirwalterraleigh
Premium Member
The reason it’s called “real” estate is because the asset has stable, tangible value.
“investments” are speculative. It is a risk for reward.
Remember the last time we crossed the streams, Egon?
how’d that go?
lazyboy97o
Well-Known Member
Disney is still developing Celebration.
Californian Elitist
Well-Known Member
Who’s going to want to leave near Palm Springs 360 days of the year?? It’s miserably hot there during the summer.
Sirwalterraleigh
Premium Member
Ehhhh…well…sorta…but that’s a hard leg to stand on.
Sirwalterraleigh
Premium Member
It’s not being sold to people with one house…is my bet
el_super
Well-Known Member
So it's close to the Red Robin? Very important that shareholders understand that Disney is competing against bottomless fries.
VJ
Well-Known Member
this is disney's true angle
Californian Elitist
Well-Known Member
If that’s the case, which I would assume it is, I wonder if residents will be allowed to rent out their properties, like for Airbnb, for example?
Sirwalterraleigh
Premium Member
Dear Prudence
Well-Known Member
Well....that sounds like a cult
Californian Elitist
Well-Known Member
Correct. So when they don’t want to be there, the tourists will come and rent for a few days or more, which tends to happen in the summer.
Californian Elitist
Well-Known Member
I wonder what interesting names for the Kool-Aid they’ll be serving there will sound like? Maybe Mickey Mint or Goofy Grape.
Minnesota disney fan
Well-Known Member
We're baby boomers and retired. , and Used to be uberdisney fans. But not anymore. No way does being in a disney based community interest us at all. We went to WDW to escape reality for 2 weeks vacation once a year. Not interested in it all the time. Like someone else said, this will be geared towards the rich who own several homes.
TP2000
Well-Known Member
Nope. At least not in any normal gated and HOA community I've ever heard of. I know a couple from Seattle who retired to La Quinta nearby Rancho Mirage in one of these master planned places. You can't rent your place out. If it's summer, it just sits there.
That said, I am continually surprised at how many retirees live in the Coachella Valley during summer. Especially the northerners, they just love it. It honesly helps that as humans get older our blood thins and we get cold easy.