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Old 09-20-2016, 02:01 PM
 
170 posts, read 183,048 times
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Interestingly enough now that we are on the discussion of weed there are going to be 5 states that are going to potentially legalize weed this year Marijuana on the ballot: 5 states voting on legalizing weed in 2016 - Business Insider.

If they do legalize weed we will see the effect that legalization has on their housing market. If it has a significant impact then we can come to the conclusion that weed plays a big part in the growth of home prices and rent prices. Also, if fewer people move here as a result of legalization in other states we can also determine if the great influx we have had over the past few years was a result of the legalization of weed.
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Old 09-20-2016, 02:12 PM
 
Location: In The Thin Air
12,279 posts, read 8,084,120 times
Reputation: 8917
Quote:
Originally Posted by Pesare View Post
Interestingly enough now that we are on the discussion of weed there are going to be 5 states that are going to potentially legalize weed this year Marijuana on the ballot: 5 states voting on legalizing weed in 2016 - Business Insider.

If they do legalize weed we will see the effect that legalization has on their housing market. If it has a significant impact then we can come to the conclusion that weed plays a big part in the growth of home prices and rent prices. Also, if fewer people move here as a result of legalization in other states we can also determine if the great influx we have had over the past few years was a result of the legalization of weed.
California will definitely legalize it but I doubt it will have any effect on their housing. It is already expensive there.
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Old 09-20-2016, 02:31 PM
 
Location: Denver, CO
760 posts, read 588,716 times
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I'm actually REALLY excited to see Massachusetts and Maine be on the ballot.

That area could use a nice exploding economy and millennial migration. I could see some nice smaller cities in Maine become awesome destinations in a few years. I personally know a few people from Boston who came here for work because of legalization. I bet that it will really put a strain on Bostons rental market from all the New Yorkers who will be pilling in.

Nevada and Arizona would also be cool. It could really help speed up Phoenix's downtown revitalization, and Nevada makes sense because of Vegas tourism, and the Reno Sparks area is becoming a hippy/outdoor enthusiast destination.
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Old 10-14-2016, 03:25 PM
 
Location: Denver, CO
760 posts, read 588,716 times
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Veros predicts that eight of the Top 10 markets for appreciation will be in Colorado, Washington, Idaho and Oregon. Denver is projected to record the highest appreciation in the country, at 10.8 percent, following by Boulder at 10.5 percent and Fort Collins at 10.3 percent. Three months ago, Denver was projected to place fifth nationwide in appreciation.

Denver, Boulder, Fort Collins predicted to top nation for housing appreciation* - BizWest
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Old 10-14-2016, 04:07 PM
 
Location: Highlands Ranch, CO
556 posts, read 577,885 times
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Quote:
Originally Posted by MN_Ski View Post
Veros predicts that eight of the Top 10 markets for appreciation will be in Colorado, Washington, Idaho and Oregon. Denver is projected to record the highest appreciation in the country, at 10.8 percent, following by Boulder at 10.5 percent and Fort Collins at 10.3 percent. Three months ago, Denver was projected to place fifth nationwide in appreciation.

Denver, Boulder, Fort Collins predicted to top nation for housing appreciation* - BizWest
Sweet
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Old 10-15-2016, 02:50 PM
 
Location: Castle Rock, Co
1,614 posts, read 2,675,439 times
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Those of you heavy into real estate, would you purchase a house within the next 12 months? if you had to put a percentage on the chances of the market deteriorating, what would that number be?
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Old 10-15-2016, 05:22 PM
 
Location: Just south of Denver since 1989
10,904 posts, read 29,390,124 times
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Default 27 years of tracking the market tells me...

We should see another 8-10% appreciation next year. I think the only way to slow the Sellers market down is a catastrophe or rapidity rising interest rates.

0 to 3 months of inventory is a Seller's market. 4-6 is balanced and anything over 6 is a Buyers market.
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Old 10-19-2016, 01:11 PM
 
5,444 posts, read 4,846,644 times
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This is definitely contributing to the higher cost of living.


Denver again tops Forbes' list of 'Best Places for Business and Careers' | 9news.com
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Old 10-19-2016, 03:22 PM
 
Location: Castle Rock, Co
1,614 posts, read 2,675,439 times
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Quote:
Originally Posted by headingtoDenver View Post
This is definitely contributing to the higher cost of living.


Denver again tops Forbes' list of 'Best Places for Business and Careers' | 9news.com
if it means anything, thats the reason ill end up out there
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Old 10-19-2016, 03:56 PM
 
Location: Denver, CO
760 posts, read 588,716 times
Reputation: 1482
Denver Channel said that in migration was something like 22% less than the last few years. But they also stated that there are less people leaving each year as well.
Great migration to Colorado slowing

Seems like the buzz of Denver is slowing down. We had a few years where it seemed like every single person, and every publication in the US was trying to stick their finger into the state...but now it might be becoming more normal. From what I've heard from my friends so far, Denver is one of those places that is the most amazing and fun place for your first two years, but unless you are a hardcore outdoor enthusiasts, you get over it, and no longer value the location in exchange for the COL.
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