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Old 12-01-2015, 06:58 PM
 
930 posts, read 538,071 times
Reputation: 1035

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Quote:
Originally Posted by guyatwork37 View Post
Yeah, my wife and are 32 with two kids and are looking to buy within the next month or two. We're approved for $550k, but I really don't want to spend more the $375k. Looking in mostly southern suburbs. Estimated mortgage will be around $1,600 with HOA after down payment. Rent seems to be in the $2000 range in these areas, so it works out well.

Point is, some of us younger folk are in the market as well that won't be house poor, but are taking advantage of some good luck (hot housing market in LA and ability to take my job with me). My situation is different than most, but it's completely doable. You can't generalize everyone because there are so many unique situation and circumstances.
I feel very fortunate to have found the place that I found. When I was shopping around this summer, it seemed like anything in the sub-$200k price range was getting snagged up to either be flipped or scraped. It was my fourth offer; some folks I knew put in about 10 before landing a place. The lack of condo inventory and new construction has really made it difficult for first time buyers who would typically want a place like that to start. I will admit that.
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Old 12-03-2015, 08:11 AM
 
10 posts, read 12,066 times
Reputation: 35
I am closing today on a 2bd/2bth condo in the Aurora/Parker area. I am so excited! It is finally over with. I did look in more of the Denver area but in my price range, I would have lived in a really crappy place. I don't need to go into Denver for work and I ended up with a great school for my daughter in the Cherry Creek school district.
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Old 12-03-2015, 03:47 PM
 
Location: Highlands Ranch, CO
556 posts, read 578,637 times
Reputation: 837
So what's the deal with Parker? I've heard good things, but the one time I drove through I saw some big as truck with a confederate flag waving behind it and then I see some article on yahoo with kids from the high school holding assault rifle and taking photos with a confederate flag for prom. Is it some ass backwards hick place? Not trying to be mean (although I'm sure it comes off like that, sorry) but is all of Parker like that?
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Old 12-03-2015, 04:27 PM
 
Location: Just south of Denver since 1989
10,911 posts, read 29,411,953 times
Reputation: 7144
Parker has both rural cowboy and suburban sides.

One truck & one kid do do not equate to a whole city full of the same.
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Old 12-03-2015, 06:16 PM
 
Location: Highlands Ranch, CO
556 posts, read 578,637 times
Reputation: 837
Fair point, but it was like 20 kids which means a good amount of parents. And in any case it's kind of weird to me since that would never fly around where I'm from.
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Old 12-03-2015, 06:53 PM
 
387 posts, read 273,419 times
Reputation: 697
I'm not sure what part of LA you're from but you don't have to go far to see trucks with confederate flags on them, or other gun toting "ass backwards hick" people.

I wouldn't worry about "hearing banjos" in Parker. It's a bedroom community of mostly middle class professionals.

http://www.city-data.com/income/inco...-Colorado.html

Last edited by rumline; 12-03-2015 at 07:01 PM.. Reason: added link
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Old 12-03-2015, 08:02 PM
 
Location: Highlands Ranch, CO
556 posts, read 578,637 times
Reputation: 837
Quote:
Originally Posted by rumline View Post
I'm not sure what part of LA you're from but you don't have to go far to see trucks with confederate flags on them, or other gun toting "ass backwards hick" people.

I wouldn't worry about "hearing banjos" in Parker. It's a bedroom community of mostly middle class professionals.

http://www.city-data.com/income/inco...-Colorado.html
That's very true. You just have to go to fontana, but fontana is about 90 minutes out of LA proper and we don't consider it LA. Just like I doubt Colorado Springs is considered Denver. We call it fontucky as well for the reasons you mentioned and I don't consider that where I'm from

Last edited by guyatwork37; 12-03-2015 at 09:12 PM..
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Old 12-04-2015, 09:53 AM
 
192 posts, read 195,114 times
Reputation: 237
Closings down 27 percent in October

Sales are up 13 percent year-over-year so don't get too excited. Click bait article....
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Old 12-04-2015, 03:27 PM
 
Location: Highlands Ranch, CO
556 posts, read 578,637 times
Reputation: 837
I'm assuming it's pretty typical that the drop-off from October to November is this high?
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Old 12-04-2015, 03:39 PM
 
Location: Just south of Denver since 1989
10,911 posts, read 29,411,953 times
Reputation: 7144
There is typically a slow drop until March.

Contracts written usually close 30-45 days later. So contracts written in September, don't close until October.

Now with the new TRID guidelines, nearly everything with a loan is taking 40-50 days to close.
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