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Old 06-23-2014, 03:27 PM
 
Location: Denver and Boston
2,071 posts, read 2,210,287 times
Reputation: 3831

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Quote:
Originally Posted by 3asurvivor View Post
Yes, but the current Denver metro area household income statistics don't begin to support this "appreciation," such as modest homes built in the 19th century in what are now clearly lower-income neighborhoods listing for 1/2-million dollars.
I am not buying your analysis that these are lower income neighborhoods. Please provide some addresses of these $500,000 listings in lower income areas. Not many Denver homes have survived from the 1800s, these are probably from the Capital Hill area which is not lower income.
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Old 06-23-2014, 04:01 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,711 posts, read 29,823,179 times
Reputation: 33301
Default Still lots of old time residents

Quote:
Originally Posted by Robert5 View Post
I am not buying your analysis that these are lower income neighborhoods. Please provide some addresses of these $500,000 listings in lower income areas. Not many Denver homes have survived from the 1800s, these are probably from the Capitol Hill area which is not lower income.
Berkeley
Sunnyside
Still lots of widows holding down the overall income as gentrification people move in.
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Old 06-23-2014, 05:09 PM
 
Location: Denver and Boston
2,071 posts, read 2,210,287 times
Reputation: 3831
I would not characterize Berkeley or Sunnyside as lower income. 'If' income data shows their per capita income is below the Metro area average, then it is surely as you say, retirees dragging down the average. But 3asurvivor said 'clearly lower income' implying that it was more than a little bit below average in income and/or a rough area, Berkeley and Sunnyside are most certainly not more than a little bit below average income or rough(if they are below average at all). Would like a link to the data he/she is basing that conclusion off of, and what specific areas.
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Old 06-24-2014, 03:01 PM
 
Location: Just south of Denver since 1989
11,826 posts, read 34,436,540 times
Reputation: 8971
Denver home prices hit record high for 2nd month, says Case-Shiller report

For a second straight month, Denver-area home-resale prices set a new all-time high in April, with average prices up 8.9 percent from a year earlier, according to the latest monthly S&P/Case-Shiller Home Prices Index. But in Denver as well as nationally, the closely-followed monthly report showed a bit of easing off from the torrid pace of year-over-year home price gains of recent months. Mark Harden reports.

Read the full story Denver home prices hit record high for 2nd month, says Case-Shiller report - Denver Business Journal
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Old 07-02-2014, 11:27 AM
 
220 posts, read 748,438 times
Reputation: 84
Quote:
Originally Posted by 2bindenver View Post
Denver home prices hit record high for 2nd month, says Case-Shiller report

For a second straight month, Denver-area home-resale prices set a new all-time high in April, with average prices up 8.9 percent from a year earlier, according to the latest monthly S&P/Case-Shiller Home Prices Index. But in Denver as well as nationally, the closely-followed monthly report showed a bit of easing off from the torrid pace of year-over-year home price gains of recent months. Mark Harden reports.

Read the full story Denver home prices hit record high for 2nd month, says Case-Shiller report - Denver Business Journal
You think that might have something to do with the low inventory, approximately 9,000, and the Federal Governments policies in keeping interest rate artificially low.

What was the inventory in the late 1990's, +40,000 properties, and that does not take into account the population growth in the Metro area? Just another bubble ready to bust. These property increases cannot continue with stagnant wages and interest rates having to go up. Current Governments polices is just an other bail out for the Banks, but mostly the real estate industry.
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Old 07-02-2014, 05:06 PM
 
15 posts, read 42,852 times
Reputation: 16
Quote:
Originally Posted by SkyDog77 View Post
I If I overpay by $50,000 do you think that will really matter in 20 years? I don't.
Put that money into a real investment for twenty years...yes it will really matter!
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Old 07-02-2014, 05:35 PM
 
Location: 0.83 Atmospheres
11,477 posts, read 11,559,641 times
Reputation: 11981
Quote:
Originally Posted by ldtowers View Post
Put that money into a real investment for twenty years...yes it will really matter!
I'd rather live where I want to live.
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Old 07-03-2014, 06:14 PM
 
Location: Just south of Denver since 1989
11,826 posts, read 34,436,540 times
Reputation: 8971
Colorado is red hot. REALTORS® Price Expectations by State in Next 12 Months, Based on May 2014 REALTOR® Survey
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Old 07-03-2014, 07:20 PM
 
220 posts, read 748,438 times
Reputation: 84
What else do you expect a Research Economist for the National Association of Realtors to say?
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Old 07-09-2014, 11:03 AM
 
26,212 posts, read 49,044,521 times
Reputation: 31781
Default Chinese Buyers in Denver?

Article says Chinese buyers are paying top dollar in ca$h for homes in California....anyone seen any evidence of this in Denver or Colorado?
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