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Old 03-15-2016, 12:09 PM
 
Location: Washington Park, Denver
6,948 posts, read 6,560,554 times
Reputation: 7437

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Good stuff.

http://www.denverpost.com/business/c...n-200-000-each
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Old 03-15-2016, 12:46 PM
 
Location: Denver CO
21,177 posts, read 11,791,368 times
Reputation: 32188
Yeah, I saw that before.

A little more info here Affordable homes coming to Stapleton

They are going to be built in Conservatory Green, Willow Park East, and Wicker Park. I think there is also supposed to be some affordable housing built in Bluff Lake but not sure of any details on that.
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Old 03-15-2016, 06:33 PM
 
5,444 posts, read 4,853,171 times
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Bring on the, 'It's still not good enough. We want single family detached homes' crowd.
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Old 03-15-2016, 07:28 PM
 
Location: The Berk in Denver, CO USA
14,035 posts, read 20,355,620 times
Reputation: 22768
Default Let them eat cake

Don't we have Aurora for a reason?
I have nothing against poor people as long as they money.

Last edited by davebarnes; 03-15-2016 at 07:57 PM..
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Old 03-15-2016, 08:02 PM
 
74 posts, read 63,953 times
Reputation: 113
Why haven't they made single family detached houses that are affordable?. I think people would buy them left and right even if they were based off the common post war style homes just modernized and sold on smaller plots of land, They might actually be more efficient than the bigger more expensive homes around the metro(they might even be more desirable if you would get tax reductions for being efficient due to not being needlessly large like most modern homes and would not need as much water because their on smaller lots) and it would be great for single folks that want a house instead of renting. They could be built ranging from very basic with 2 bedrooms/1 bath/no garage just attached carport to 4 bedroom/2 bath attached or detached garage. only problem is youd have to have some restrictions and a HOA to keep undersirables out of the neighborhood. Yeah ive thought about this and if id won that 1.5 billion powerball this is what I would have presented this as an idea to benefit other people.

Last edited by jHolman91; 03-15-2016 at 08:12 PM..
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Old 03-15-2016, 08:26 PM
 
Location: The Berk in Denver, CO USA
14,035 posts, read 20,355,620 times
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Quote:
Originally Posted by jHolman91 View Post
Why haven't they made single family detached houses that are affordable?.
Why builders are not building starter homes??
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Old 03-15-2016, 08:53 PM
 
74 posts, read 63,953 times
Reputation: 113
Quote:
Originally Posted by davebarnes View Post
I kind of understand it but it still baffles me. How can it not be as lucrative as building medium size to luxury homes?, I think they would sell like hot cakes and couldn't keep up with demand. Like I proposed, the homes could be on smaller plots which would keep price down. But this would probably only work on the outer towns. But then again I am still young and dont understand business in this industry ormuch about life in general. I still dont see how this wouldnt be a success and be a cash cow and if I was really rich I would spend a huge chunk of my own money for this.

Just curious if you read the whole thing and if it sounded like a good idea and would it work?
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Old 03-15-2016, 09:24 PM
 
Location: Denver CO
21,177 posts, read 11,791,368 times
Reputation: 32188
Quote:
Originally Posted by jHolman91 View Post
I kind of understand it but it still baffles me. How can it not be as lucrative as building medium size to luxury homes?, I think they would sell like hot cakes and couldn't keep up with demand. Like I proposed, the homes could be on smaller plots which would keep price down. But this would probably only work on the outer towns. But then again I am still young and dont understand business in this industry ormuch about life in general. I still dont see how this wouldnt be a success and be a cash cow and if I was really rich I would spend a huge chunk of my own money for this.

Just curious if you read the whole thing and if it sounded like a good idea and would it work?
Homes in Stapleton are already on extremely small lots, so no savings there. And the only reason these homes are the price they are is because they are getting the land for free, otherwise they would cost about $50K more.

And with the median price for non-income qualified homes at $500K, how could any builder be expected to walk away for $300K plus in profit for every home they build? It's not even remotely correct to say they can build smaller, less expensive houses and make it lucrative. The $500K homes sell like hotcakes already.
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Old 03-15-2016, 09:40 PM
 
92 posts, read 75,926 times
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Income restricted at ~50,000 annual.
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Old 03-16-2016, 12:05 AM
 
214 posts, read 193,538 times
Reputation: 380
It's kind of sad that income restricted town homes are $200,000.
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