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  1. #51
    Machine Gunner Martinjmpr's Avatar
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    Quote Originally Posted by BladesNBarrels View Post
    Local community zoning commissions don't like to downgrade the zoning of a property.
    Commercial pays the majority of property tax by Colorado Law, so rezoning to Residential is a real tough sell. (There is a pun in there somewhere)
    How much revenue are they collecting from unoccupied commercial space though? Can't be much.

    Five percent of something is more than ten percent of nothing.
    Last edited by Martinjmpr; 05-16-2018 at 10:35.
    Martin

    If you love your freedom, thank a veteran. If you love to party, thank the Beastie Boys. They fought for that right.

  2. #52
    Fleeing Idaho to get IKEA Bailey Guns's Avatar
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    Property tax is collected whether the bldg is occupied or not. Are you thinking of sales tax?
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  3. #53
    Machine Gunner Martinjmpr's Avatar
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    Quote Originally Posted by Bailey Guns View Post
    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.
    Last edited by Martinjmpr; 05-16-2018 at 11:46.
    Martin

    If you love your freedom, thank a veteran. If you love to party, thank the Beastie Boys. They fought for that right.

  4. #54
    QUITTER Irving's Avatar
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    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.
    "There are no finger prints under water."

  5. #55
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    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.

  6. #56
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    Hopefully you have a job lined up or retired. Aside from family, that's our hangup. You go to a place like KY and I hear jobs very limited. Granted I'd head to Wyo/Utah which I think has enough booming areas to not be such poor prospects, still awkward to try to time job searching with selling, moving, buying.

  7. #57
    Possesses Antidote for "Cool" Gman's Avatar
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    With family already scattered to the winds or being untethered due to military obligations, we have an idea where we would like to end up. The problem is employment. I'm in tech, and the Silicon Mountains is one of the hottest areas right now. Where I'd like to relocate to, not so much.

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  8. #58
    Grand Master Know It All Sawin's Avatar
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    Quote Originally Posted by jason303 View Post
    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.
    you're going to make out like a bandit. Before we sold our home in Broomfield, I considered moving back east too, but the wife wasn't ready to leave CO....she's getting closer though. Where in TN are you headed?
    Please leave any relevant feedback here:
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  9. #59
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    We're going to Knoxville. I'm fortunate that I don't have a reason to stay here like family or a job that I can only work here.

  10. #60
    Splays for the Bidet CS1983's Avatar
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    Quote Originally Posted by HBARleatherneck View Post
    Im suprised that you guys are moving to places with Much larger populations and states that are less than half the size of Colorado.
    We're looking at NE Oklahoma. Biggest reasons: Oklahoma is what Texas likes to claim to be (and once was a few decades ago until the bugs that are Austin and Houston infected the state), CHEAP land in comparison to here, job availability is good, cost of living is good, population is not looking at a huge boom, water is good (CO is screwed on this), politically very sane. A lot of other places have a few of these factors but not all.

    CO has a better density rating than OK, but a lot of that open land is unreachable or so out in the boonies that one would either need to be independently wealthy or have a unique job position. And then one is still stuck with the political insanity coming out of Denver and Boulder. Did I mention the water issue?
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