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)
Reply Start New Thread
 
Old 03-13-2013, 11:57 AM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,274,499 times
Reputation: 10428

Advertisements

Quote:
Originally Posted by Seeker5in1 View Post
Gays and potheads should do wonders for the housing market.
"Gays" do wonders for the housing market. We keep our houses up, have nice lawns, and bring up the property value of the neighborhood.

As for the "potheads", I won't get into generalizing.
Reply With Quote Quick reply to this message

 
Old 03-13-2013, 12:12 PM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,274,499 times
Reputation: 10428
Quote:
Originally Posted by Bideshi View Post
Same here, but there'll be liberals flocking in from all over with the new smokey blue tint to the state to more than make up for our reluctance.
By all means, steer the liberals to Denver
Reply With Quote Quick reply to this message
 
Old 03-13-2013, 12:13 PM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,274,499 times
Reputation: 10428
Quote:
Originally Posted by zenkonami View Post
I smell a bubble.

Actually I'm kind of hoping for one.

Not doom and gloom...just tired of living in places and being priced out of reasonable houses by speculators and people that believe their house is supposed to be a future cash cow. I think it's okay for a house to appreciate...but to rely on that really irks me.
If you find yourself in one of these crazy bubbles, the only way to win is to sell and move to a cheaper market. That's what I did... coming from California to Denver in 2005.
Reply With Quote Quick reply to this message
 
Old 03-13-2013, 02:46 PM
 
Location: The Berk in Denver, CO USA
14,017 posts, read 20,323,805 times
Reputation: 22729
Default Excellent Point

Quote:
Originally Posted by denverian View Post
Ithe only way to win is to sell and move to a cheaper market.
Have you lined your move to Rockford Real Estate & Rockford IL Homes for Sale - Zillow so you can do it again?
Reply With Quote Quick reply to this message
 
Old 03-13-2013, 04:19 PM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,274,499 times
Reputation: 10428
Quote:
Originally Posted by davebarnes View Post
Have you lined your move to Rockford Real Estate & Rockford IL Homes for Sale - Zillow so you can do it again?
Hey, I could move there and pay cash! Win again! Well, except that I'd have to live in Rockford IL

Makes me wonder how houses could be so cheap. You'd think that if you sold one of those houses a piece at a time, they'd be worth more than their asking price.
Reply With Quote Quick reply to this message
 
Old 03-13-2013, 10:42 PM
 
Location: The North
5,081 posts, read 9,089,677 times
Reputation: 4045
Quote:
Originally Posted by denverian View Post
Hey, I could move there and pay cash! Win again! Well, except that I'd have to live in Rockford IL

Makes me wonder how houses could be so cheap. You'd think that if you sold one of those houses a piece at a time, they'd be worth more than their asking price.
Two years ago you could have moved into a nice new or newer home in Vegas or Phoenix for about the same price. Not quite as much square footage, but lots of properties were going for $60-65 sf with almost no competition. Fast forward to today where the same houses are selling for $100-110 sf and you have to beat out 20 bidders and make an all-cash offer to get it. I don't think Rockford will ever get that crazy, but a lot of people could have done the cash out and buy a house free and clear but didn't because they thought things could get even cheaper.
Reply With Quote Quick reply to this message
 
Old 03-16-2013, 09:36 PM
 
Location: Pueblo area
211 posts, read 121,350 times
Reputation: 473
Quote:
Originally Posted by denverian View Post
Hey, I could move there and pay cash! Win again! Well, except that I'd have to live in Rockford IL

Makes me wonder how houses could be so cheap. You'd think that if you sold one of those houses a piece at a time, they'd be worth more than their asking price.
Check out the C-D posts for Rockford, IL. You get what you pay for.

Rockford IL good or bad

"Rockford made the Forbes list of ninth most dangerous city for it's size. And after living here for a few years and being carjacked at gunpoint, I would have to say this is not a safe city."

"What a place, lady took a bullet attending a graduation party last weekend. If you like the ghetto and combat environment then Rockford is the place for you."
Reply With Quote Quick reply to this message
 
Old 03-30-2013, 04:21 AM
 
246 posts, read 356,807 times
Reputation: 640
When real estate prices soar, we all lose, its just an illusion if wealth, through higher debt and capital maladjustment. I've owned my home for 20 years and "made a lot of money on paper" and would have been be happy with 1-2% increase or even flat. These ridiculous jumps of >4% are unsustainable and create economic turmoil. Real Estate is a non productive asset class,No real wealth is created in the economy through RE price increases, it just pulls money from other sectors of the economy to finance and sustin it.

Think about this, if real estate prices go up, say double over the 7-10 years you own a home, you are never ahead unless you sell and move to a cheaper location. Otherwise that "move up home" is also likely double in the same community.

Example, you buy a 200K home, its now 400K
The move up home you wanted was 300K, now its 600K.

Your new home still puts you 200K BEHIND where you were to egin with. If you had purchased the more expensive home originally, it would have been 100K of extra debt, now its 200K. Double the debt.

Parentss and grandparents watch their kids and grandkids move away because they can no longer afford to be near them. Younger families moving away. Sad.

And the worse part of it, yu aren't any richer unless you cash out and move away yourself. Inflation creates the illusion of wealth with the shadow poverty in its midst.
Reply With Quote Quick reply to this message
 
Old 03-30-2013, 04:39 AM
 
1,160 posts, read 1,201,878 times
Reputation: 929
Quote:
Originally Posted by Calix View Post
When real estate prices soar, we all lose...
And the worse part of it, yu aren't any richer unless you cash out and move away yourself. Inflation creates the illusion of wealth with the shadow poverty in its midst.
Yes, and the government wants higher prices for higher taxes.
Reply With Quote Quick reply to this message
 
Old 05-07-2013, 03:30 PM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,274,499 times
Reputation: 10428
Quote:
Originally Posted by davebarnes View Post
Stapleton is on fire right now. According to one of the builders, they keep increasing prices by about $2K each month. I know anything resale gets offers in a matter of days, if not hours.
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