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 06-23-2014, 03:27 PM
 
Location: Denver and Boston
1,701 posts, read 1,539,670 times
Reputation: 3469

Advertisements

Quote:
Originally Posted by 3asurvivor View Post
Yes, but the current Denver metro area household income statistics don't begin to support this "appreciation," such as modest homes built in the 19th century in what are now clearly lower-income neighborhoods listing for 1/2-million dollars.
I am not buying your analysis that these are lower income neighborhoods. Please provide some addresses of these $500,000 listings in lower income areas. Not many Denver homes have survived from the 1800s, these are probably from the Capital Hill area which is not lower income.
Reply With Quote Quick reply to this message

 
Old 06-23-2014, 04:01 PM
 
Location: The Berk in Denver, CO USA
14,046 posts, read 20,368,649 times
Reputation: 22825
Default Still lots of old time residents

Quote:
Originally Posted by Robert5 View Post
I am not buying your analysis that these are lower income neighborhoods. Please provide some addresses of these $500,000 listings in lower income areas. Not many Denver homes have survived from the 1800s, these are probably from the Capitol Hill area which is not lower income.
Berkeley
Sunnyside
Still lots of widows holding down the overall income as gentrification people move in.
Reply With Quote Quick reply to this message
 
Old 06-23-2014, 05:09 PM
 
Location: Denver and Boston
1,701 posts, read 1,539,670 times
Reputation: 3469
I would not characterize Berkeley or Sunnyside as lower income. 'If' income data shows their per capita income is below the Metro area average, then it is surely as you say, retirees dragging down the average. But 3asurvivor said 'clearly lower income' implying that it was more than a little bit below average in income and/or a rough area, Berkeley and Sunnyside are most certainly not more than a little bit below average income or rough(if they are below average at all). Would like a link to the data he/she is basing that conclusion off of, and what specific areas.
Reply With Quote Quick reply to this message
 
Old 06-24-2014, 03:01 PM
 
Location: Just south of Denver since 1989
10,913 posts, read 29,411,953 times
Reputation: 7144
Denver home prices hit record high for 2nd month, says Case-Shiller report

For a second straight month, Denver-area home-resale prices set a new all-time high in April, with average prices up 8.9 percent from a year earlier, according to the latest monthly S&P/Case-Shiller Home Prices Index. But in Denver as well as nationally, the closely-followed monthly report showed a bit of easing off from the torrid pace of year-over-year home price gains of recent months. Mark Harden reports.

Read the full story Denver home prices hit record high for 2nd month, says Case-Shiller report - Denver Business Journal
Reply With Quote Quick reply to this message
 
Old 07-02-2014, 11:27 AM
 
220 posts, read 675,456 times
Reputation: 84
Quote:
Originally Posted by 2bindenver View Post
Denver home prices hit record high for 2nd month, says Case-Shiller report

For a second straight month, Denver-area home-resale prices set a new all-time high in April, with average prices up 8.9 percent from a year earlier, according to the latest monthly S&P/Case-Shiller Home Prices Index. But in Denver as well as nationally, the closely-followed monthly report showed a bit of easing off from the torrid pace of year-over-year home price gains of recent months. Mark Harden reports.

Read the full story Denver home prices hit record high for 2nd month, says Case-Shiller report - Denver Business Journal
You think that might have something to do with the low inventory, approximately 9,000, and the Federal Governments policies in keeping interest rate artificially low.

What was the inventory in the late 1990's, +40,000 properties, and that does not take into account the population growth in the Metro area? Just another bubble ready to bust. These property increases cannot continue with stagnant wages and interest rates having to go up. Current Governments polices is just an other bail out for the Banks, but mostly the real estate industry.
Reply With Quote Quick reply to this message
 
Old 07-02-2014, 05:06 PM
 
15 posts, read 36,194 times
Reputation: 16
Quote:
Originally Posted by SkyDog77 View Post
I If I overpay by $50,000 do you think that will really matter in 20 years? I don't.
Put that money into a real investment for twenty years...yes it will really matter!
Reply With Quote Quick reply to this message
 
Old 07-02-2014, 05:35 PM
 
Location: Washington Park, Denver
6,961 posts, read 6,566,167 times
Reputation: 7471
Quote:
Originally Posted by ldtowers View Post
Put that money into a real investment for twenty years...yes it will really matter!
I'd rather live where I want to live.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 06:14 PM
 
Location: Just south of Denver since 1989
10,913 posts, read 29,411,953 times
Reputation: 7144
Colorado is red hot. REALTORS® Price Expectations by State in Next 12 Months, Based on May 2014 REALTOR® Survey
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 07:20 PM
 
220 posts, read 675,456 times
Reputation: 84
Quote:
Originally Posted by 2bindenver View Post
What else do you expect a Research Economist for the National Association of Realtors to say?
Reply With Quote Quick reply to this message
 
Old 07-09-2014, 11:03 AM
 
20,915 posts, read 39,201,627 times
Reputation: 19212
Default Chinese Buyers in Denver?

Article says Chinese buyers are paying top dollar in ca$h for homes in California....anyone seen any evidence of this in Denver or Colorado?
__________________
- 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
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. The time now is 07:11 PM.

© 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