U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [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 12-28-2013, 08:22 AM
 
Location: Washington Park, Denver
6,937 posts, read 6,545,853 times
Reputation: 7426

Advertisements

Quote:
Originally Posted by Timmyy View Post
I guess I sold my place just in time. It has been in the news twice. This is the latest: Denver condo struggles without hot water | 9news.com
Ouch. New buyer hates you.

I grew up right across Iliff from there.
Reply With Quote Quick reply to this message

 
Old 12-28-2013, 10:30 AM
 
Location: Littleton, CO
3,111 posts, read 4,901,107 times
Reputation: 5429
Quote:
Originally Posted by Timmyy View Post
I guess I sold my place just in time. It has been in the news twice. This is the latest: Denver condo struggles without hot water | 9news.com
This problem is not going to get fixed without a special assessment. When I lived in a condo, I carried a supplemental insurance policy to guard against special assessments. Cheap, but when each condo owner is levied for a share of the cost of fixing the problem, it is worth it.
Reply With Quote Quick reply to this message
 
Old 12-31-2013, 10:33 AM
 
Location: Denver, CO - Capitol Hill
557 posts, read 667,524 times
Reputation: 513
Quote:
Originally Posted by davidv View Post
This problem is not going to get fixed without a special assessment. When I lived in a condo, I carried a supplemental insurance policy to guard against special assessments. Cheap, but when each condo owner is levied for a share of the cost of fixing the problem, it is worth it.
HOA and the building manager make all the difference.

Ours thankfully has a hefty reserve.
Reply With Quote Quick reply to this message
 
Old 12-31-2013, 10:41 AM
 
Location: In The Thin Air
12,277 posts, read 8,079,596 times
Reputation: 8917
Quote:
Originally Posted by JD401 View Post
HOA and the building manager make all the difference.

Ours thankfully has a hefty reserve.
Woodstream Falls has been a mess for a long time. There was a special assessment proposed back around 2005 or 2006 for the underground pipes at approximately $20,000 per unit give or take. People just abandoned it completely. The assessment eventually was cancelled and the management company was fired. Condemnation has been brought up too.
Reply With Quote Quick reply to this message
 
Old 12-31-2013, 11:56 AM
 
Location: Denver, CO - Capitol Hill
557 posts, read 667,524 times
Reputation: 513
Quote:
Originally Posted by Timmyy View Post
Woodstream Falls has been a mess for a long time. There was a special assessment proposed back around 2005 or 2006 for the underground pipes at approximately $20,000 per unit give or take. People just abandoned it completely. The assessment eventually was cancelled and the management company was fired. Condemnation has been brought up too.
Wow, sounds it.
Reply With Quote Quick reply to this message
 
Old 03-20-2014, 02:43 PM
 
Location: 5280 above liquid
356 posts, read 514,922 times
Reputation: 383
Without salaries increasing accordingly I don't see how the market can support such real estate prices. Thoughts?
Reply With Quote Quick reply to this message
 
Old 03-20-2014, 02:55 PM
 
285 posts, read 273,507 times
Reputation: 286
Quote:
Originally Posted by ELCO5280 View Post
Without salaries increasing accordingly I don't see how the market can support such real estate prices. Thoughts?
Lots of out of staters (more expensive states) selling and then moving here.
Reply With Quote Quick reply to this message
 
Old 03-20-2014, 02:59 PM
 
Location: 5280 above liquid
356 posts, read 514,922 times
Reputation: 383
Quote:
Originally Posted by philberf View Post
Lots of out of staters (more expensive states) selling and then moving here.
I would agree however, I don't think that is the majority that are buying right now? Even if they move here and place 20% down on a $400k home they would still have to have a salary to support the $2,000 + monthly payment. I don't see how this isn't another mini-bubble about to burst when salaries can't keep up with the prices.
Reply With Quote Quick reply to this message
 
Old 03-20-2014, 03:25 PM
 
5,444 posts, read 4,843,461 times
Reputation: 15033
Quote:
Originally Posted by ELCO5280 View Post
I would agree however, I don't think that is the majority that are buying right now? Even if they move here and place 20% down on a $400k home they would still have to have a salary to support the $2,000 + monthly payment. I don't see how this isn't another mini-bubble about to burst when salaries can't keep up with the prices.
I honestly don't see it as a bubble. I don't think prices will fall dramatically for anything. What I think will happen is that the prices will flatten out. The issue though is that properties are appearing on the market and receiving offers within 24 hours. Because of this, pricing will continue to increase. Eventually, the pricing will level because the properties will be on the market for an extended period of time. Pricing might drop a slight amount, but I don't think it will be anything crazy like the previous bubble.
Reply With Quote Quick reply to this message
 
Old 03-20-2014, 03:41 PM
 
Location: 5280 above liquid
356 posts, read 514,922 times
Reputation: 383
My contention is the banks are artificially lowering the inventory by holding on to a vast majority of their BOP thus artificially inflating prices. Banks know if the released all their bank owned properties at once it would kill the prices. Am I wrong?
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 > Denver
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

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