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Yermo the Indian word for Desert Flower. Best known for Calico Ghost Town. In 1881 history notes Calico was one of the largest silver strikes in California history. The Calico Ghost Town located at the base of the Calico Mountains. This silver mining town still lives on just off I-15 to Las Vegas. As one of the few original mining camps of the Old West, you can visit this working town.

In the 1950's, Walter turned the Calico Ghost Town into a tourist attraction. The town never achieved the success of the Knott's Farm and so it was given to the County of San Bernardino.

For the last three years Yermo Land was the investors dream. We saw land double and triple in value. Homes appreciate in value beyond anyone's expectations. But then home prices top out and the buying stopped. No surprise, because prices can only go up until people can not afford them.

We are still selling Yermo Land, but now we have four times the inventory available. Besides properties being overpriced, there are several reasons why this has happened. Investors started to sell their homes to get out of a negative cash flow. Some homeowners saw the prices jump up and decided they could get even a high price. Then we have the new homeowners who are having a hard time adjusting to the payments and we also homeowners who refinanced and can not afford the new payments.

Land - People buy land when everyone else buys land. This activity creates a comfort zone. If everyone is buying then it is safe for me to buy. It does feel good to know you are not the only one buying Yermo Land. But this creates the domino effect on prices. As more people buy the prices go up. But eventually the land becomes over priced and the buying stops.

It is time to buy Yermo Land before the next buying spree, but most buyers still have to overcome the comfort zone. It is much harder to buy land when you do not see the buying activity. When everyone starts buying Yermo Land again, those who bought land will just sit and watch. Yermo Land buyers now is the time to look into the next area where Yermo Land has the potential to double and triple in price like it did in Victorville.

Tom's opinion: Homes and autos sales are down. This usually indicates we are heading for a recession. But the economic indicators show we have a strong economy. Why? Consider this, the war is creating a false economy. Billions of dollars are being spent which comes back into our economy. What will happen when the war ends? Solders return back to their jobs and as the military replenishes their inventories, factory order will drop. Factory orders dropping causing layoffs and more people available for jobs creates unemployment, we call this a recession.

Timing is a key when investing. Tom suggest you that you watch when the war ends, homes and auto sales, unemployment and the interest rate. You need to be prepared for these times. Its best to invest when the investment does not create a financial hardship. Buying Yermo Land now may be a good time.

Want to learn more about Yermo Land, review my web site. Any questions please call.

FREE Search Yermo Real Estate on our website, which lets you search for Yermo Homes in the surrounding area. If you find something you like, give Tom a call. Tom needs the Listing Number to give you more information. Tom wants to dedicate his time for you but he is busy with clients, projects, property reviews & attending local community meetings. So, please make an appointment before visiting our office. Click for the Map to our OfficeClickCalifornia Highway Road Conditions

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Retirement Investing
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Key Information

Yermo MAP
Surrounding Area

Southern California
High Desert Area

Gold Point Realty

SageBrush Realty

15437 Anacapa Road Suite 10

Victorville, CA 92392

CA DRE License 01523546

Highway Road Conditions

CALTRANS Webcams

Southern California Logistics Airport

George AFB Now SCLA

Global Access Airport

According to the CHP
Over 1 million people a month travel through I-15 Los Angeles - Las Vegas

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