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Old 06-06-2018, 11:52 AM
 
Location: Denver CO
21,189 posts, read 11,814,728 times
Reputation: 32206

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I think they chose a very unattractive house for the Stapleton one, but it was the only current listing at the exact price point. But half the square footage is in the finished basement. These are a little smaller but I'd rather have a second floor than a finished basement, and they are less expensive.

http://www.recolorado.com/homes-for-...0238-240250554

http://www.recolorado.com/homes-for-...0238-241060344


Although I think you can do a lot better for that price point, esp. if you are open to a paired home or townhouse.

http://www.recolorado.com/homes-for-...0238-239967740

http://www.recolorado.com/homes-for-...0238-240868630

In any case, I didn't find the slideshow all that surprising. I mean, if you want something really nice for that price, you don't have to move to Ohio or Missouri, just to Westminster.

https://www.zillow.com/homedetails/1...61506587_zpid/
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Old 06-06-2018, 11:52 AM
 
Location: Aurora, CO
6,566 posts, read 10,287,257 times
Reputation: 9827
Quote:
Originally Posted by davebarnes View Post
Or not.
TABOR.

Even in The Socialist Paradise of City & County of Denver, which has de-Bruced, taxes do not increase at the rate of house market value increases.
My house when from $500K to $750K and taxes went from $3K to $3.5K. Market value up by 50% and taxes up by 17% over the last 5 years.
TABOR + Gallagher is decimating rural property tax revenues.
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Old 06-06-2018, 12:12 PM
 
596 posts, read 298,682 times
Reputation: 881
Quote:
Originally Posted by bluescreen73 View Post
TABOR + Gallagher is decimating rural property tax revenues.
Don't worry- with a lot of sales taxes in the cities now approaching 8.5% or more (Colorado Springs- maybe now the highest in CO.) and the State wanting to put a sales tax for roads on the ballot in Nov. who do you think the cities will go to for future tax increases?

I doubt citizens are going to be happy with sales taxes closing in on 10% so the cities are going to be asking for mill levy increases etc...from homeowners.

I know I'll vote NO on those too.
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Old 06-06-2018, 12:24 PM
 
Location: Denver
9,224 posts, read 15,946,018 times
Reputation: 5487
Move to a cheaper area and work where?
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Old 06-06-2018, 12:31 PM
Status: "Summer!" (set 24 days ago)
 
Location: Foot of the Rockies
87,016 posts, read 102,663,662 times
Reputation: 33083
Quote:
Originally Posted by GraniteStater View Post
..trashtabula
Ashtabula County has lost jobs for decades, it isn't close enough to Cleveland metro area to see in-migration of population or jobs
Not the point. The point is the property taxes.
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Old 06-06-2018, 12:32 PM
 
175 posts, read 110,498 times
Reputation: 291
I used to argue with my wife because I want to stay in Denver. I currently own a home here worth probably 450K seeing what my neighbors are selling for. I’ll probably keep it and rent it out because I love the location. (Bel Mar area in Lakewood)

She wants to move to California and I’m starting to come around to it. I’ll miss winter sports but I just can’t see how people pay 700-800K to live in Stapleton or near City Park. We have the ability to spend that much, but might as well go elsewhere at that point. It’s nuts, Denver is my type of city but it’s no paradise. Ha
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Old 06-06-2018, 01:05 PM
 
Location: IN
20,855 posts, read 35,982,121 times
Reputation: 13304
Quote:
Originally Posted by Katarina Witt View Post
Not the point. The point is the property taxes.
Property taxes tend to increase when the city or town has its tax base destroyed over a long period of time. The costs get downshifted to remaining commercial and residential entities.
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Old 06-06-2018, 01:31 PM
 
Location: The Berk in Denver, CO USA
14,046 posts, read 20,382,028 times
Reputation: 22834
Quote:
Originally Posted by bluescreen73 View Post
TABOR + Gallagher is decimating rural property tax revenues.
Personally, I am in favor of repealing:
TABOR
Gallagher
23
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Old 06-06-2018, 01:47 PM
Status: "Summer!" (set 24 days ago)
 
Location: Foot of the Rockies
87,016 posts, read 102,663,662 times
Reputation: 33083
Quote:
Originally Posted by GraniteStater View Post
Property taxes tend to increase when the city or town has its tax base destroyed over a long period of time. The costs get downshifted to remaining commercial and residential entities.
Also, places that have high public pension costs like much of the rust belt, have high taxes.
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Old 06-06-2018, 02:09 PM
 
Location: Corona the I.E.
10,078 posts, read 14,038,623 times
Reputation: 8925
Wow I have heard about this from my friend, a realtor in Littleton. This is not too far off from prices in my neighborhood in OC, when you factor in jobs pay better here it seems that Denver has hit a real bubble.
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