Starter Mansions Popping Up All Over Inland Empire

Southern California's Inland Empire, once the home of inexpensive tract homes, is attracting more high-end development, leaving more homebuyers priced out of region.

1 minute read

May 1, 2003, 8:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera


"Known as a magnet for skilled laborers seeking affordable homes, San Bernardino and Riverside counties — dubbed the "Inland Empire" in the 1950s for a Riverside bank's advertising campaign — slowly are transforming into a haven for young professionals seeking housing. Last year, about 33% of new homes sold in San Bernardino and Riverside counties were priced at $300,000 and higher, compared with 5% in that category just five years ago, according to DataQuick Information Systems, a real estate research firm. As a result of this transformation, lower-income, first-time buyers who work in service, manufacturing and distribution jobs increasingly are forced to search the outskirts of the counties for affordable homes — in Hesperia and Victorville, Banning and Beaumont, housing experts say."

Thanks to Christian Peralta

Sunday, April 27, 2003 in The Los Angeles Times

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