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Gong Shooter
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.
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