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Old 07-25-2009, 08:53 AM
Status: "Summer!" (set 27 days ago)
 
Location: Foot of the Rockies
87,030 posts, read 102,707,476 times
Reputation: 33083

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Here is a story from yesterday's Denver Post. I am not advocating people not come to Colorado, but I think people should move here with eyes wide open.

Colorado's job losses worst in 65 years - The Denver Post
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Old 07-25-2009, 09:57 AM
 
8,317 posts, read 25,877,067 times
Reputation: 9140
I'm glad to see the Denver Post acknowledging what I've been posting about for a couple of years now. The bottom line for the Colorado economy is this: take out all of the speculative land development, construction, and real estate bull**** that has passed for an economy in this state for the last decade or better and there is not a whole hell of a lot left. Meanwhile, we keep de-watering and generally beating up agriculture, tourism is reliant on disappearing discretionary income in the middle class, natural resources continue their century-plus long cycles of boom and bust, and we have pretty much chased out of the country and Colorado nearly all primary manufacturing. That leaves government (which is getting fiscally on the ropes), and retirees with ever-shrinking (either directly or by inflation) private or public transfer payments to try to keep the economy afloat. That, and wholesale and retail trade, which in case anyone cares to notice, relies on the economic health of those other sectors for its livelihood. I cheer the fact that the "nonsense" part of the Colorado economy--real estate speculation, construction, etc.--is getting its *** handed to it. With it hopefully gone, real estate in Colorado might actually get to be affordable again, and Colorado might actually get back to having a truly productive economy.
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Old 07-28-2009, 06:39 PM
 
Location: Colorado, Denver Metro Area
1,048 posts, read 3,987,821 times
Reputation: 397
... and if people think that the worst is over and that everything is getting "back to normal," you are wrong. There are still plenty of home set for rate adjustment and since house values doped, good luck finding someone who will loan you the "bubble money."
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