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Old 08-12-2007, 07:31 PM
 
11,715 posts, read 35,025,952 times
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Quote:
Originally Posted by ummmmm View Post
Our family has also been researching a move to Colorado. This is not a "working" state - It survives mainly off of tourism and retirees. Large corporations are not abundant.
You mean all those big office buildings on the Front Range are full of retirees and tourists?

 
Old 08-12-2007, 08:22 PM
 
5,091 posts, read 13,171,464 times
Reputation: 6912
Default What are you talking about

Quote:
Originally Posted by ummmmm View Post
Dear Houston,

Our family has also been researching a move to Colorado. This is not a "working" state - It survives mainly off of tourism and retirees. Large corporations are not abundant.
This statement is absolutely wrong. Most of the areas of the state are not tourist areas and do not cater to retirees. Vail, Aspen and skiing are important but are not the total businesses in this state.

Denver is the the commercial center of the Rocky Mountain Region and is a major business hub and does not rely mainly on tourist and retirees unless they are living in all the office buildings that EscapeCalifornia says in his post.

There are large corporations that call Denver home and certainly there are many regional offices of other major corporations. Look at where Denver is located; it serves the west,Wyoming and further north, and is the only large city on the Western Edge of the Great Plains. Denver International Airport is one of the busiest in the nation. It has one of the largest federal workforce concentration in the nation and major military installations(which I guess are staffed by retirees and tourist.) Of course all the wheat fields, corn fields,sugar beet fields, stockyards are all tourist destination. And tourists and retirees like mining, mineral exploration and work all those oil rigs. Of course we put all the Texans in the salt mines.

There are jobs in just about every category, except being a ocean ship cabin. One thing is for sure, do not seek a job in market research
because we will be shipping ice to Alaska, if we rely on your research.
 
Old 08-12-2007, 08:30 PM
 
Location: Foot of the Rockies
84,992 posts, read 98,847,978 times
Reputation: 31412
You can pick up some business statistics on City-Data. IT is a big one here. This area does not seem to be particularly a retirement "mecca".
 
Old 08-12-2007, 08:45 PM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 80,791,509 times
Reputation: 17412
Quote:
Originally Posted by ummmmm View Post
This is not a "working" state - It survives mainly off of tourism and retirees. Large corporations are not abundant.
Lockheed Martin, Boeing, Northrop Grumman, and Raytheon are going to be really shocked when they find out about this.
 
Old 08-12-2007, 09:16 PM
 
Location: Mesa
3,768 posts, read 8,243,445 times
Reputation: 2932
Quote:
Originally Posted by ummmmm View Post
Our family has also been researching a move to Colorado. This is not a "working" state - It survives mainly off of tourism and retirees. Large corporations are not abundant.

My husband will not be able to take his career skills from the big city to Colorado and I will have to continue full-time work to support the family. !
I'm guessing it all depends on what industry you're in. For my field, accounting & taxes, I'm finding the Denver wage base to be comparable to what I made in Houston, Ft. Lauderdale and Tampa; and to be MORE than what I would make were I to move back to Dallas. Jobs in my field also appear to be abundant as I'm already starting to see job postings for experienced tax season help, which normally doesn't pop up on career sites until mid to late 4th quarter (if at all). Add to that the fact that the Denver metro area ranked in the top 15 for new business growth (#11 I believe) and in the top 10 for best places for women business owners, you have indicators of some good economic conditions.

Cities with a large and varied small business base tend to weather downturns in the economy (Dallas after the tech bust) much better than cities that depend on a few major corporate employers (Detroit). Or so it's been my experience over the past 30 years and 5 states.

If you want an economy that exists on retirees and tourism, check out the Florida panhandle. Costs as much to live there as any of the top 10 major metro areas, but wages are horribly depressed - I've known of folks with PhD's working at WalMart because it was literally the only job they could find. Benefits are non-existent with many employers. It was the only place I've ever lived where the retailers had more applicants for part-time evening work than they had jobs available. The many job postings I receive from Denver career sites don't indicate that this is the case in the Denver metro area. Maybe I'll find out differently next week when I'm out there, but I'll be surprised if I do.
 
Old 08-13-2007, 09:16 AM
 
Location: Denver, CO
739 posts, read 2,676,464 times
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ummmmm,

What are you talking about? I'm not going to say anymore than what has already been said but I have absolutely no idea what you are talking about when you say we have no businesses and look to somewhere like San Antonio for a "robust economy"???

Denver and Boulder are having huge growth right now... in all sectors.
What do you do for a living?

Last edited by dj32; 08-13-2007 at 09:18 AM.. Reason: spelling
 
Old 09-13-2007, 10:15 AM
 
5 posts, read 16,982 times
Reputation: 10
How is the construction business?? We are also looking to move to colorado in the next month and my husband works in the cabinet business! We are looking into to the loveland area!
 
Old 09-13-2007, 10:50 AM
 
97 posts, read 366,074 times
Reputation: 67
I'm sure it's been mentioned ad naseum, but the property taxes in Texas can kill you. I live in Houston, too, and while not right in the middle of town, I live pretty close to downtown, and I cringe when property tax season comes along. If you pay upwards of 2% - 2.5% per year in property taxes (which we do), then that means if you are in your home the full life of the typical mortgage (30 years), not only would you have paid the entire principal and interest on your note, you'd have also paid an additional 60% - 75% effectively of what you paid for your house once again in property taxes (depending on appraised value of your home).

here's some useful info on Colorado and taxes:

Colorado Rewards Investments & Business Innovation

Certainly Colorado isn't as cheap a cost of living as Houston. But you'd be hard-pressed to find any major city that is.

It's Houston's hammer. Great tourist city? No. Good weather? Depends on the person, but honestly, no. Good scenery? Not of the nature kind.

But with all its negatives, Houston has got to be one of the most "liveable" cities out there. It is cheap, cheap, cheap to live here, yet still has a robust economy supporting a strong middle and upper class demographic. People are friendly. Traffic is bad, but could be a lot worse. Great restaurants. All kinds of sports teams and theatre, etc., etc. A lot of cities have those attributes, too, but none are quite as cheap a cost of living as Houston or other similar Texas cities.

That said, one day I too will make to move to Colorado. Like I said, Denver has a lot of Houston's positives, and for a slightly higher cost of living, Colorado has all those extra positives that you certainly can't say Houston has.
 
Old 09-13-2007, 06:36 PM
 
Location: Denver
10 posts, read 32,674 times
Reputation: 12
Default Mommyof4

Quote:
Originally Posted by mommyof4 View Post
How is the construction business?? We are also looking to move to colorado in the next month and my husband works in the cabinet business! We are looking into to the loveland area!

Hi!

My husband is in flooring, and things are just ok where he is at right now. He has been with the same shop for over 11 years, and the last few years have slowed down a bit from what we are used to. I am not sure where you are coming from, and how much work your husband is used to.

We finally decided to go it on our own, and started our own thing. Things are actually going pretty well, considering we have really only been advertising on craigslist so far.

Does your husband usually do remodel work or new construction? I'd have to say that the new construction market seems to have taken the biggest hit lately. Most of the work we have been doing has all been remodel work.

Terri
 
Old 09-13-2007, 08:14 PM
 
8,317 posts, read 25,107,644 times
Reputation: 9065
Get this right: Colorado is no industrial center, and has not ever been. In fact, much of its hardcore industrial companies and operations have been shrinking for years. Companies like Gate Rubber, CF&I, Holly Sugar, Great Western Sugar, Schwader Bros. (Samsonite) and others that were the stalwarts of Colorado's industrial economy have all either shrunk their industrial operations in Colorado or virtually disappeared as an industrial presence in the state. Even some of the high-tech companies have reduced their Colorado presence.

Agriculture, despite the best attempts of cities to grab its irrigation water, as well as farming and ranching having to endure both natural and financial crises--one right after the other for two decades or more--still remains one of the major economic sectors in Colorado. Natural resource production, mining and energy, are still major contributors--though non-energy mining is but a shadow of its former self.

Tourism is still a major contributor, though much of its employment is in minimum wage service jobs, many now held by aliens--legal or otherwise. Yes, the "mailbox" economy of retirees and pensioners is huge, particularly in some areas of rural Colorado.

The other big sector is real estate development and construction. Unfortunately, for both the environment and the long-term economic health of the state, this industry has become an increasingly self-feeding chain letter of sorts. The result, of course, is the "real estate bubble" that everyone can read about. When the bubble REALLY bursts, which I happen to think is close at hand, Colorado will be devastated because so much of its economy is now tied to what will come to be seen as non-productive, highly consumptive and wasteful activities for which there no longer will be a market.

One other point: A lot of Front Range residents live in some denial about the fact that Denver and its immediate environs still serve as the trade center (banking, medical, wholesaling, etc.) for a huge multi-state region. It was, and remains one of the major reasons for Denver's existence. Unfortunately, a lot of Front Range residents don't wish to acknowledge that the economic health of the "hinterlands" matters to them economically. Ag having it tough? So what? Mining in the dumps? Who cares? Well, the Front Range folks had better start caring about rural Colorado (and New Mexico, Wyoming, western Nebraska, etc., etc.)--because those folks help keep the Denver economy going. The hinterlands of the Rocky Mountain West built Denver, not the other way around.

Colorado's first "boom" during the silver mining era, beginning in the late 1870's, lasted less than 30 years. It's latest boom has managed to last about 50 or so, albeit with some serious hiccups along the way. In between, the state endured nearly half-a-century in depression or stagnation. Such has been its history--of course, no one wants to talk about that long "bust" period--one that followed a period where speculation, overdevelopment, and unchecked greed led to massive economic distortions leading to a grievous crash. The parallels to today are pretty darned ominous. History matters.
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