Real Estate Market. Thoughts?

[Firehaus]

I keep searching for bugout land. Stuff that has water, or a mine shaft, or something peculiar that give me a huge advantage. Mini mansions and dense population areas are the last place I want to be.

Having a smaller house in the metro area and some property in the mountains is something I'm considering. I saw a mine go for sale up near twin lakes that you could atv up through and come out at the top of the mountain. Not too practical, but cool.


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[Dave_L]

I agree, but with the Castle Rock population forecasted to double by 2030, I'm guessing it will only keep going up. It's really the rate of going up that is up in the air.

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That's what I'm hung up on. I don't see how Castle Rock doesn't keep going up, al biet at a slower rate, worst case scenario. Castle Rock is the next Highlands Ranch.

[Firehaus]

That's what I'm hung up on. I don't see how Castle Rock doesn't keep going up, al biet at a slower rate, worst case scenario. Castle Rock is the next Highlands Ranch.

I believe it will be. It's not as far as people think it is to south metro and you really do seem to get about an extra $100k worth of house vs south metro area for your money.


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[Great-Kazoo]

Of course you would need to look into each person you rent to. Treat it like any other business. Background checks, agencies, ect. I have a rental and I have always done well. It is not for everyone. It is an investment and you must measure the risk vs reward.

"We NEVER depend on anyone other than our self for providing." is a falacy. Even if you own your own business, you depend on customers.

And yes, if I had a rental in Greeley I would worry about the meth labs too!

We're discussing homes , price of, market sustainability, not a business. That yes, depends on customers. Believe me the spouse and i can and have in the past done well, by our self. She's low maintenance. Some peoples wives want jewelry, expensive things for b-days, Christmas etc. My spouse asked for a chainsaw 1 year. New holster and optic, the next.
The most expensive thing she ever asked for was ...............................................A divorce

[Jer]

I evicted a unc professor after she got into drugs and started whoring from my rental.

The worst tenants my dad ever had was a doctor couple.

Background checks only do so much.

Exactly why I will never own a rental again. Ever.

[T-Giv]

I almost went down the rental route...kinda glad I didn't!

[Madeinhb]

I'm looking for a house now. Market is crazy mainly due to supply and demand. Lots of people moved here for the pot (my opinion) and economy. Anything under $300k is gone quick.

It really sucks. But I'm not going to overpay for something.

[Busta Prima]

About the 1/2 mil price range . . . yes, it's very slow. I've been on for well over a year. I'm getting lots of showings now. They seemed to pick up in October. Still no offers though. Very frustrating.

[Great-Kazoo]

I'm looking for a house now. Market is crazy mainly due to supply and demand. Lots of people moved here for the pot (my opinion) and economy. Anything under $300k is gone quick.

It really sucks. But I'm not going to overpay for something.

Where you looking and how far / long a commute you'd like to keep it at ?

[Madeinhb]

Where you looking and how far / long a commute you'd like to keep it at ?

Been looking at Broomfield, Thornton, some parts of Brighton, Westminster, Arvada, Southern Aurora, Centennial.

I work in Lowry and the drive from Broomfield to Lowry sucks. But at same time, need to get into something.