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Old 12-22-2015, 02:53 PM
 
6 posts, read 4,663 times
Reputation: 22

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Well i rented to a couple wth 2 kids who moved to CO from New Jersey b/c they want to grow their own MJ. I let them use one of the bedrms in the house & they were very careful & did it right, but i was glad when they moved. They left the room clean & there was no smell but i was still nervous since they had more than the legal # of plants. I think. It was really hard to tell. I know nothing about MJ horticulture.

"I have yet to meet one person that has moved here for marijuana." --another comment
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Old 12-30-2015, 09:38 AM
 
Location: Eastern Colorado
3,768 posts, read 4,642,403 times
Reputation: 4899
Average rent now up to $1,952.
Average rent $1952, home values up 15.5% in November in Denver, says Zillow report - 7NEWS Denver TheDenverChannel.com
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Old 01-01-2016, 02:25 PM
 
214 posts, read 193,604 times
Reputation: 380
I kind of wonder if the higher rent prices are the result of new rental property's being put on the market, driving up the average rent price.

The rents at the last two apartment complexes I have lived in have dropped ~$100-$200 per month since September.
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Old 01-01-2016, 06:09 PM
 
2,409 posts, read 2,641,970 times
Reputation: 1807
That article is bull****. There is no way, anywhere in the country, a city's home values could have gone up 15% in one month. Either the Zillow report is severely flawed, or the interpretation of it is completely off-base. I don't understand how the editors could overlook such a clear and gross mistake.
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Old 01-01-2016, 06:38 PM
 
Location: Eastern Colorado
3,768 posts, read 4,642,403 times
Reputation: 4899
Quote:
Originally Posted by AmFest View Post
That article is bull****. There is no way, anywhere in the country, a city's home values could have gone up 15% in one month. Either the Zillow report is severely flawed, or the interpretation of it is completely off-base. I don't understand how the editors could overlook such a clear and gross mistake.
While the article did not explain it Zillow is based off of year over year usually, meaning that in one year the rent has went up 15.5% which is a large jump considering wages are not going up nearly that fast.
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Old 01-01-2016, 06:46 PM
 
Location: Denver CO
21,179 posts, read 11,803,134 times
Reputation: 32193
Quote:
Originally Posted by AmFest View Post
That article is bull****. There is no way, anywhere in the country, a city's home values could have gone up 15% in one month. Either the Zillow report is severely flawed, or the interpretation of it is completely off-base. I don't understand how the editors could overlook such a clear and gross mistake.
Since "Zillow Home Values" have no basis in reality, there's no reason they can't go up 15% in a month. 15% of BS is still BS!

FWIW, Zillow put my home value at less than 50% of what I paid for new construction at the end of 2014 - and recent comps, including a neighbor's house on the same block, put my value at about 15% more than I paid last year. That's how accurate Zillow is.
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Old 01-04-2016, 02:56 PM
 
Location: Denver, CO
898 posts, read 992,922 times
Reputation: 1366
So.... It's 2016 now so it's time to make predictions!!

Any armchair predictions for the RE market in Denver for 2016? Both housing and rental - I have not the knowledge or the background to make a prediction so I'm curious what others think
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Old 01-04-2016, 10:12 PM
 
2,409 posts, read 2,641,970 times
Reputation: 1807
Quote:
Originally Posted by ayoitzrimz View Post
So.... It's 2016 now so it's time to make predictions!!

Any armchair predictions for the RE market in Denver for 2016? Both housing and rental - I have not the knowledge or the background to make a prediction so I'm curious what others think
Rental has already stabilized and will change little this year; no more than 5% in either direction, likely within 3%. Housing is on the stabilizing path; house prices will increase by around 3%.
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Old 01-04-2016, 10:20 PM
 
20,915 posts, read 39,207,929 times
Reputation: 19212
Quote:
Originally Posted by ayoitzrimz View Post
So.... It's 2016 now so it's time to make predictions!!

Any armchair predictions for the RE market in Denver for 2016? Both housing and rental - I have not the knowledge or the background to make a prediction so I'm curious what others think
I predict:
- Prices will level off as they have reached a point where too many people are priced out.
- Prices will level off as increasing amounts of new construction comes to market.
- Some accommodation will be reached on condo deficiency laws.
- Traffic will get worse, generally.
- Traffic on Pena will ease as new rail line comes on-line to the airport.
- State Fair will lose money, again.
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Old 01-05-2016, 08:18 AM
 
Location: Just south of Denver since 1989
10,913 posts, read 29,415,494 times
Reputation: 7144
There is nothing pointing to a stabilization in leasing or real estate sales.

Prices will not level off because of affordability. There are other more expensive markets. If this didn't happen there, it will not happen here.

Prices will not stabilize due to new construction. New construction is $300,000+ in and around Denver.

Record low inventory, low interest rates, 101,000+ new people in Colorado all need to live somewhere.

I say we are looking at 12-15% price increases in 2016, even with mortgage interest rates going up 1% a year.

Decembers numbers should be out soon. I can't wait for January's numbers.
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