We wouldn't point at empty warehouses as the thing that crushes Inland Empire housing. Most people move to the IE for one reason above all: affordability relative to the rest of Southern California. They're rarely chasing a specific warehouse job. So even if some industrial space went dark, the core demand driver, being able to afford a home within reach of the coastal job centers, doesn't evaporate with it. What genuinely moves housing prices there is what moves them anywhere: supply and demand, filtered through rates and jobs. Prices soften when inventory builds faster than buyers absorb it and rates stay elevated long enough to hold demand down. That's the pressure to watch. On the commercial side, the vacancy story has mostly been office and some retail, driven by behavior shifts like delivery replacing in-store shopping, rather than logistics. Tariffs could trim shipping volume at the margin, but warehouse employment isn't the linchpin of IE home values regardless. We won't predict where IE prices head, because nobody can. We'd steer your worry toward the right gauges: local inventory levels, the rate environment, and broad regional employment. If you're buying there, underwrite a payment you can hold through a soft stretch and don't over-index on a single-sector headline. The fundamentals that decide your outcome are bigger and more boring than tariffs.