Quote Originally Posted by Skip View Post
Like locusts. They will destroy Colorado and then move in 30-40 years somewhere new taking their fail with them.

I think we'll see Denver start look a lot like San Francisco. Middle class will be pushed out leaving only those on programs and the super wealthy. Sky-high taxes, cost of living, etc... Denver post has a real estate story on the main page this morning with a video claiming average detached home price is now $378,000. I don't see how working class families can afford that, let alone young people just starting out in life.

A lot of people don't have a choice but to figure out how to afford it. Mortgages + costs associated with homeownership are less expensive than rent in several places. That's the reason we bought a house last fall. Our rent was increasing to that breakeven point. Fortunately, we had been good little savers so that we could pull the trigger on a home purchase.