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Old 03-03-2015, 02:04 PM
 
Location: Phoenix, AZ
1,809 posts, read 2,085,889 times
Reputation: 2795

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Quote:
Originally Posted by headingtoDenver View Post
I take these types of statements with a grain of salt. Of course a real estate broker is going to tell you the market is moving up and you should buy now. This does nothing but drive up their own business. This is no different than a banker saying that today is the best day to invest, oh, and come do it in my bank, or a car salesman saying today is the best day to buy a new car.
Agree completely, but in this case the fundamental market numbers bear it out. Supply is historically low, demand is still high. Average days on market is very low. Foreclosures are down. Average prices are up and have been going up for a few years straight. Unemployment is down. There is still room to run, too. Denver is still on the upswing of the market and is not yet close to stabilizing. Ask again in a couple more years.
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Old 03-03-2015, 03:02 PM
 
5,444 posts, read 4,849,855 times
Reputation: 15033
Quote:
Originally Posted by ShampooBanana View Post
Agree completely, but in this case the fundamental market numbers bear it out. Supply is historically low, demand is still high. Average days on market is very low. Foreclosures are down. Average prices are up and have been going up for a few years straight. Unemployment is down. There is still room to run, too. Denver is still on the upswing of the market and is not yet close to stabilizing. Ask again in a couple more years.
I completely agree with the facts about the market. Having said that, I'm willing to bet that the market could completely crash tomorrow and this putz would still say it is the best time ever to buy a house. His paycheck is only created when people buy or sell houses using his services.

I think the best time for someone to buy a house is whenever they are ready to buy a house. That simple. If you want one, buy one and do what a house was built for. Live in it. Don't stare at the numbers of what it is currently worth or what it was worth. Just enjoy being in your house.
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Old 03-03-2015, 04:20 PM
 
Location: In The Thin Air
12,279 posts, read 8,088,043 times
Reputation: 8917
I can't believe how fast houses are selling in my area. The OP just wants to make himself feel smart for not moving and buying here. Atlanta is laughable.

Yes, San Diego weather is better but is it affordable?
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Old 03-03-2015, 05:57 PM
 
2,409 posts, read 2,639,680 times
Reputation: 1807
Quote:
Originally Posted by Timmyy View Post
I can't believe how fast houses are selling in my area. The OP just wants to make himself feel smart for not moving and buying here. Atlanta is laughable.

Yes, San Diego weather is better but is it affordable?
Probably not. Real estate prices in Denver are quickly catching up though.
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Old 03-03-2015, 07:56 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 667,975 times
Reputation: 513
Quote:
Originally Posted by bluescreen73 View Post
I could be wrong but I'm pretty sure that's an opinion (and one that I personally don't share with you). I find the climate of the southeast to be miserable. Summer down there sucks. It's hot and humid and you spend a good part of the time from May-September as a captive to air conditioning.

As far as clay soil goes, I spent 12 years in Dallas and during the summer seemingly every other ad on TV is for foundation repair companies. To each his own.
We couldn't wait to escape the deep south, for a variety of reasons, but especially because of the brutal heat and humidity. We LOVE Denver's weather, snow and all.
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Old 03-03-2015, 08:02 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 667,975 times
Reputation: 513
Quote:
Originally Posted by AmFest View Post
You didn't mean an actual bank, right?
A credit union had their charter approved by the state. Will be interesting to watch unfold.

Colorado pot credit union surveying industry, acquires location - The Denver Post
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Old 03-03-2015, 08:05 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 667,975 times
Reputation: 513
Our condo has gained 20% since we bought it November 2013.
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Old 03-03-2015, 08:10 PM
 
Location: The North
5,083 posts, read 9,093,954 times
Reputation: 4056
I get a kick out of these posts. You see them in a lot of markets. I just have to ask, if the OP is correct, what's the reward? Do you get a dividend for being smart? And if say prices went down 25% would the OP buy at that time or say they should go down another 25% and keep waiting? Houses aren't stocks, have a better plan for buying them than just saying I will buy when I think the houses are priced where I say they should be.
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Old 03-03-2015, 09:22 PM
 
Location: Phoenix, AZ
2,567 posts, read 1,830,614 times
Reputation: 2672
Quote:
Originally Posted by Timmyy View Post
I can't believe how fast houses are selling in my area. The OP just wants to make himself feel smart for not moving and buying here. Atlanta is laughable.

Yes, San Diego weather is better but is it affordable?
Interesting: Atlanta is laughable?? You probably never heard it's been once of the fastest growing metro areas for many years now. People don't flock to terrible areas.
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Old 03-03-2015, 09:24 PM
 
Location: Washington Park, Denver
6,947 posts, read 6,555,534 times
Reputation: 7437
Quote:
Originally Posted by DougStark View Post
Interesting: Atlanta is laughable?? You probably never heard it's been once of the fastest growing metro areas for many years now. People don't flock to terrible areas.
Weather wise? Sure they do. Have you been to Chicago?
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