Bidding war on houses

[sbgixxer]

Agreed. I lived through the California Coast bust and it's SO much different. In CA, home prices were going nuts and everyone just kept saying how they had to buy now or it may never happen. It wasn't based on anything. I know people who bought at the worst time and are still underwater.

Looking at Colorado, there's a lot driving the pricing. Obviously the influx of out-of-staters but it's not just for the weed like what was believed a few years back. Now the job market continues to bring in new workers which feeds the growth, creates more jobs and the cycle continues. It just keeps feeding itself. I don't see anything pointing to a bust. I could see over-development causing housing to plateau or just the sheer cost of homes eventually doing the same but not a bust.

For me, I'm more worried about there just being too many people. Traffic has gotten much worse in the past five or so years and I don't see that stopping. I figured we'd be poised to handle it with all that weed revenue but apparently nobody has to answer to where it's really going.

As a side note, would it not help I-25 traffic to just increase the speed to a nation-wide norm of 65mph? They did exactly that along 36 in Westminster and I definitely notice improved flow through there.

[Great-Kazoo]

As a side note, would it not help I-25 traffic to just increase the speed to a nation-wide norm of 65mph? They did exactly that along 36 in Westminster and I definitely notice improved flow through there.

Why reduce it by 10 mph? It's 75 throughout most of the country. 85 in Wy west of Cheyenne, UT towards the end of 70 then 15.

[00tec]

Why reduce it by 10 mph? It's 75 throughout most of the country. 85 in Wy west of Cheyenne, UT towards the end of 70 then 15.

In Denver, 25 and 70 run 55

[Great-Kazoo]

In Denver, 25 and 70 run 55

Feds say populations over X must reduce speed limits. I agree the average should be 65, however the fossil fuel alarmist will DEMAND a reduction, like they stuck us with in the 70's with a national hwy. 55 mph

[sbgixxer]

Why reduce it by 10 mph? It's 75 throughout most of the country. 85 in Wy west of Cheyenne, UT towards the end of 70 then 15.

Hey I'm with ya Kazoo, I just doubt they'd go for 75 mph through the heart of Denver. 85 mph in WY??? Wow! I remember when Montana tried, "safe and prudent". I love the idea.

[Irving]

There is already an issue with artists trying to live in commercial spaces.

[Bailey Guns]

Property tax is collected whether the bldg is occupied or not. Are you thinking of sales tax?

[Martinjmpr]

Property tax is collected whether the bldg is occupied or not. Are you thinking of sales tax?

But it's based on assessed value right?

So what is the value of a property that is not, and never has been, occupied by a paying tenant? And since you mention potential sales tax revenue, what is the value, to a community, of a building or retail center that is unoccupied? I would say that it's not only zero, it's less than zero because even though unoccupied commercial property is not bringing in any sales tax revenue, it is costing the city in terms of needing fire protection, police protection, infrastructure, etc.

All I'm saying is that we seem to have a serious glut of commercial retail space and a serious deficit of living space.

I know older retail spaces are sometimes being torn up and turned into "mixed use" with both residential and retail in the same area.

It just seems to me that if there is such a need for living space (as there seems to be) then there ought to be a solution out there that makes use of the apparently large amount of un needed retail space.

I wonder what the office space vacancy in the metro area is? From the number of partially-occupied buildings I see, I would think it's significant.

[Irving]

Commerce City apparently has plans to turn the dog track into something like Belmar. Not sure when they're going to do that, but now would be a good time. Makes me sad I missed out on that rental property across the street.

[jason303]

We're listing this Friday in Broomfield with plans to move to Tennessee as soon as we're sold. The same sized house there goes for less than half of what we're expecting to get here and sits on acreage rather than square footage. I'll let you know how it goes.