Housing prices - I feel like I'm missing something

[Count David]

Originally Posted by 2go2co

I suspect you're right, but that's why I suggested he not make assumptions because that approach itself assumes that I am complaining and not simply seeking information, as is actually the case. Assumptions are often wrong, and the quip doesn't even answer the thread question nor offer any constructive discussion whatsoever. That is what annoyed me. After all, I'm transferring within my company in the same position, so it's not like I'm showing up without a job, or competing with Coloradans for an open position, and complaining.

As I've said, I'm fine with the costs. I simply expressed surprise and asked if I was missing some sort of factor other than obvious "magnet state" demand that perhaps only locals would be aware of (e.g. municipal worker residency requirement that would cause higher demand within Denver proper or proximity to some special, popular attraction that I would be unaware of) that would cause rents in this area to be higher than I expected and higher than my original target price. I threw in the comparison to Manhattan prices to illustrate my surprise.

My target price was just that--a target, not an ultimatum--that I came up with based on a multiple of housing costs in my area. I neither like nor dislike costs. They are what they are, and I adapt my target and/or choices as I learn new information (neighborhood, availability, etc.).

Regardless, the question is answered. Thanks.

I'm not aware of any municipal worker requirements, a la Chicago, but the reason Denver proper is more expensive is because people want to have that Denver proper address.

You see big price gaps a lot, especially between Denver's borders with other cities.

Denver proper has lower property taxes than many suburban areas, and I believe residential trash service comes with that. Beyond that, it doesn't appear that there's anything special that Denver proper has over any suburban city, service-wise.

[lurtsman]

Originally Posted by 2go2co

1. Commute is highest on my list, so I looked nearest my job.

2. I can afford it. I'm just surprised at how much higher prices are than I expected them to be (see my comment comparing Manhattan). My background is economics. I, like most people, try to make my dollars go as far as possible.

Don't make assumptions. Problem solved.

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

[ayoitzrimz]

Originally Posted by lurtsman

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

Get over yourself bud. You're not special LOL

[headingtoDenver]

Originally Posted by lurtsman

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

You sure your background isn't in douchebaggery? Sounds like you are an expert in that field for sure.

[otterprods]

Originally Posted by lurtsman

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

For realz?

[BBurn]

Originally Posted by lurtsman

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

Eek.

[jwiley]

Originally Posted by lurtsman

My background is in financial analysis which includes economics. You won't win in a contest of education. Better not to go there. Don't make assumptions. Problem solved.

So all that education taught you to make assumptions based on someone not understanding why prices are so high? I would think that a financial analyst of all people would understand why the costs of rentals are questioned throughout the front range considering the income that the average household makes.