U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Colorado Springs
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 02-07-2018, 06:29 PM
 
647 posts, read 340,114 times
Reputation: 752

Advertisements

I read an article in the paper that one of the reasons for increasing home prices is people moving here for jobs. In the same days paper there’s an article about Progressive hiring 900 people but mostly for jobs paying $15/hr.
So are there jobs here that pay well enough for someone to buy a $500k home?
Reply With Quote Quick reply to this message

 
Old 02-07-2018, 06:50 PM
 
5,003 posts, read 6,678,903 times
Reputation: 4517
The median home price is still very far below $500,000, - less than $300k actually. $500k+ homes are a pretty small portion of the market still, although growing.

There are a decent number of well-educated professionals around here who can 'afford' such homes, but we do need more lower-cost housing. Those aren't popular with builders and neighbors, though.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 04:26 AM
 
Location: Colorado Springs
4,320 posts, read 4,348,520 times
Reputation: 15239
For most families it now takes two incomes to buy a house. Sure, there are jobs here that pay well above $100K, but they are in professions such as engineering, medicine, and finance that require lots of education. My guess is that about 10% of the available jobs would fit into that category.

However with the $295K current median house price, two incomes of $50K each would work.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 08:07 AM
 
Location: Colorado Springs
2,668 posts, read 1,666,689 times
Reputation: 2913
With increases in telecommuting jobs, there is a percentage of employees who can work anywhere they chose and be paid at different wages brackets than the local market would normally support. With the robust communications infrastructure here, Cos is a prime target for those types of jobs.

We also have, and have had for decades, coastal transplants who bring significant equity with them that allows them to step up to housing that exceeds their income brackets.

As mentioned above, we still have a sub $300k median home price with a fairly large segment of sub $200k houses that allow a couple making $15 a hr to swing a house payment.

Lets not overlook civilian contractors with defense clearances that work in defense systems that are subbed out from the military as well as an ever increasing cyber security industry of highly specialized work that typically pays way above average wages.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 09:23 AM
 
647 posts, read 340,114 times
Reputation: 752
Whoever gets those Progressive jobs will have a long commute from far northern COS where Progressive is to where a $200k house is.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 09:42 AM
Status: "delete" (set 20 days ago)
 
3,189 posts, read 1,273,221 times
Reputation: 2351
Look at BAH rate for military. Two married, high school educated, E01's (one with the dependent rate) receive a combined $3,417.00/month.

What type of affect do you think that will have on housing?

How much would that qualify them for?

It inflates the entire housing market. Why are two people receiving two BAH payments in the first place?
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 10:27 AM
 
Location: Colorado Springs, CO
75 posts, read 57,170 times
Reputation: 148
Quote:
Originally Posted by TCHP View Post
With increases in telecommuting jobs, there is a percentage of employees who can work anywhere they chose and be paid at different wages brackets than the local market would normally support. With the robust communications infrastructure here, Cos is a prime target for those types of jobs.
That's exactly what I did.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 10:54 AM
 
20,304 posts, read 37,784,136 times
Reputation: 18081
Quote:
Originally Posted by DrDog View Post
Whoever gets those Progressive jobs will have a long commute from far northern COS where Progressive is to where a $200k house is.
Those commutes could get far longer if this scheme to limit Front Range housing growth gets implemented.
__________________
- Please follow our TOS.
- Any Questions about City-Data? See the FAQ list.
- Want some detailed instructions on using the site? See The Guide for plain english explanation.
- Realtors are welcome here but do see our Realtor Advice to avoid infractions.
- Thank you and enjoy City-Data.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 12:53 PM
 
Location: Colorado Springs
2,668 posts, read 1,666,689 times
Reputation: 2913
Quote:
Originally Posted by DrDog View Post
Whoever gets those Progressive jobs will have a long commute from far northern COS where Progressive is to where a $200k house is.
That's nothing new. When all those good jobs were on Garden of the Gods Road, they commuted. When jobs migrated to Federal Dr and up Voyager Parkway, they commuted. As jobs move into the Northgate and Monument areas, they commute still.

Quote:
Originally Posted by Mike from back east View Post
Those commutes could get far longer if this scheme to limit Front Range housing growth gets implemented.
I hope that dies a quick and painful death.
Reply With Quote Quick reply to this message
 
Old 02-08-2018, 04:34 PM
 
608 posts, read 319,572 times
Reputation: 824
Quote:
Originally Posted by Mike from back east View Post
Those commutes could get far longer if this scheme to limit Front Range housing growth gets implemented.
I don't see that passing. At least, I hope it doesn't!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Colorado Springs
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top