Colorado Springs: most affordable homes in Colorado (Pueblo, Boulder: best neighborhood, real estate)

[Charles]

Normally inexpensive homes are in places with no jobs, crummy weather, and/or crime. What about inexpensive homes with jobs, decent weather and low crime?

CSBJ Blog: Springs has most affordable homes in state

[tfox]

What about Pueblo? Surely home prices there are cheaper than the Springs? A

nd how about Aspen? Surely Aspen can top Boulder in home prices.

My guess is that they have a minimum size of community, although Pueblo and Boulder are roughly equivalent in population.

[Card Shark 2]

What???
I found home prices to be very low. I was looking at homes that go for under 100 a sq ft. and that is unheard of anywhere in the West. And some were new homes too.
Here in Northern Nevada for the last three years homes were going for 200 to 250 a sq ft. You could not find a home under $300,000. We are in Real Estate here and still had to pay $485,000 for a 3/2/2 on 0ne Acre in 2005. It is nothing special.
I just came back from C. Springs and found beautiful homes for under $300,000. If you can't afford $250,000 for a home you should wait to buy.
The bubble has burst and homes prices are falling. Anyone can buy soon.
Sharon

[CanonCo]

Originally Posted by Card Shark 2

What???
I found home prices to be very low. I was looking at homes that go for under 100 a sq ft. and that is unheard of anywhere in the West. And some were new homes too.
Here in Northern Nevada for the last three years homes were going for 200 to 250 a sq ft. You could not find a home under $300,000. We are in Real Estate here and still had to pay $485,000 for a 3/2/2 on 0ne Acre in 2005. It is nothing special.
I just came back from C. Springs and found beautiful homes for under $300,000. If you can't afford $250,000 for a home you should wait to buy.
The bubble has burst and homes prices are falling. Anyone can buy soon.
Sharon

If you really are in Real Estate, I certainly would not want you to represent me in finding a home.....your remark "If you can't afford $250,000 for a home you should wait to buy" is absurd. There are PLENTY of nice homes in Colorado Springs way under that figure. Not everyone feels the need to "keep up with the Joneses" and have a huge mortgage. Your other remark of "Anyone can buy soon" again is way off. Along with prices falling (buyer's market), there is an increase in foreclosures, which in turn makes mortgage lenders tighten their belts and scrutinize a little closer who they lend to.

[Card Shark 2]

Just because Real Estate is different in different locales does not make me a bad agent. My husband is a California and Nevada Broker and he has been doing it for 35 years with me as his assistant.

I realize some people can only afford homes under $200,000 and that is fine. But in many areas that will get you a home in the area of town where you are less safe and the value of your property is at risk. We have been investors for over 20 years and I still buy every home for resale even when I live there. That is the only smart approach.

Yes, I saw less expensive homes in the Springs but I was less impressed with the neighborhoods. The homes between $200K and $300K can get you into a more desirable neighborhood. And that does not mean I am trying to keep up with the Jones or that I am filthy rich. I is just smart.

My son is an Army Capt now in Iraq and his division moves to the Springs next year. We are going to advise him to buy the best home in the best neighborhood that money can buy as long as you can afford the mortgage per month. And I am not talking about taking a funny loan.

I realize some people think that Real estate agents make tons of money and they don't have to work hard but I will tell you we work just as hard and even harder (24/7) for your money.

Thanks for letting me voice my opinion too.
Sharon

[Bideshi]

Originally Posted by Card Shark 2

What???
IThe bubble has burst and homes prices are falling. Anyone can buy soon.
Sharon

Not unless you have a good credit rating and a secure job (or buy cash).

[SaxLuva]

Originally Posted by Card Shark 2

Just because Real Estate is different in different locales does not make me a bad agent. My husband is a California and Nevada Broker and he has been doing it for 35 years with me as his assistant.

I realize some people can only afford homes under $200,000 and that is fine. But in many areas that will get you a home in the area of town where you are less safe and the value of your property is at risk. We have been investors for over 20 years and I still buy every home for resale even when I live there. That is the only smart approach.

Yes, I saw less expensive homes in the Springs but I was less impressed with the neighborhoods. The homes between $200K and $300K can get you into a more desirable neighborhood. And that does not mean I am trying to keep up with the Jones or that I am filthy rich. I is just smart.

My son is an Army Capt now in Iraq and his division moves to the Springs next year. We are going to advise him to buy the best home in the best neighborhood that money can buy as long as you can afford the mortgage per month. And I am not talking about taking a funny loan.

I realize some people think that Real estate agents make tons of money and they don't have to work hard but I will tell you we work just as hard and even harder (24/7) for your money.

Thanks for letting me voice my opinion too.
Sharon

I'm glad to hear your son is a "CPT" (CAPT is an AF and USN rank) in the Army and I wish him a safe return from Iraq. But what on earth does that have to do with being a good realtor???????? I'm also sure you work hard, I'm sure your husband works hard, but I can guarantee there are much harder working people out there than realtors........... your CPT son for one ! Try being a Soldier if you really want to know what hard work is. There ARE people out there who work very hard and can't afford a $200,000 house and never will, no matter how hard they work.

[treedonkey]

Originally Posted by SaxLuva

I'm glad to hear your son is a "CPT" (CAPT is an AF and USN rank)

Note to self:
CAPT = Navy & Air Force
CPT = Army.

Since I wouldn't want to seem foolish when discussing military rankings online.

[Bideshi]

Originally Posted by treedonkey

Note to self:
CAPT = Navy & Air Force
CPT = Army.

Since I wouldn't want to seem foolish when discussing military rankings online.

So as not to feel foolish further, a Navy Captain is the same rank as a full Colonel in the Air Force or Army.

[ryanek9freak]

Yeah for real! What kind of gib have you been cooking up and smoking? I make near $60K a year, and still, there's no way I could afford a $250,000 house by myself.

The mortgage would be around $2000 a month!! That would be half my monthly income!

Wouldn't that debt ratio be a little high?