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June 7, 2010 at 2:51 PM #561742June 7, 2010 at 4:05 PM #560778aldanteParticipant
Congrats,
All I would say is be careful where you buy becasue of traffic patterns. It seems much better then here on the face of it but if you are are not careful you will have a bad commute. From what I remember 3 years ago, prices are relective of traffic on the freeways.June 7, 2010 at 4:05 PM #560879aldanteParticipantCongrats,
All I would say is be careful where you buy becasue of traffic patterns. It seems much better then here on the face of it but if you are are not careful you will have a bad commute. From what I remember 3 years ago, prices are relective of traffic on the freeways.June 7, 2010 at 4:05 PM #561372aldanteParticipantCongrats,
All I would say is be careful where you buy becasue of traffic patterns. It seems much better then here on the face of it but if you are are not careful you will have a bad commute. From what I remember 3 years ago, prices are relective of traffic on the freeways.June 7, 2010 at 4:05 PM #561477aldanteParticipantCongrats,
All I would say is be careful where you buy becasue of traffic patterns. It seems much better then here on the face of it but if you are are not careful you will have a bad commute. From what I remember 3 years ago, prices are relective of traffic on the freeways.June 7, 2010 at 4:05 PM #561762aldanteParticipantCongrats,
All I would say is be careful where you buy becasue of traffic patterns. It seems much better then here on the face of it but if you are are not careful you will have a bad commute. From what I remember 3 years ago, prices are relective of traffic on the freeways.June 7, 2010 at 4:39 PM #560788LAAFTERHOURSParticipantAfter the 2007 fires, my wife and I went to Denver to check things out in wintertime. It was snowing one day, sunny and warm ( i was in a tshirt) the next. I drove up to loveland during a blizzard the next day and boarded in powder all day.
We really liked Denver and came away with a few places we considered a place to move the family to. With a massive tech center, it would be suitable for me for work or as a jump point for consultancy.
The market changed for the better (we were renters at the time) and san diego became more affordable. My job changed for the better also.
If we were ever to move from SD, that is the only place we both want to move to. We love it there, the only thing missing is the ocean.
June 7, 2010 at 4:39 PM #560889LAAFTERHOURSParticipantAfter the 2007 fires, my wife and I went to Denver to check things out in wintertime. It was snowing one day, sunny and warm ( i was in a tshirt) the next. I drove up to loveland during a blizzard the next day and boarded in powder all day.
We really liked Denver and came away with a few places we considered a place to move the family to. With a massive tech center, it would be suitable for me for work or as a jump point for consultancy.
The market changed for the better (we were renters at the time) and san diego became more affordable. My job changed for the better also.
If we were ever to move from SD, that is the only place we both want to move to. We love it there, the only thing missing is the ocean.
June 7, 2010 at 4:39 PM #561382LAAFTERHOURSParticipantAfter the 2007 fires, my wife and I went to Denver to check things out in wintertime. It was snowing one day, sunny and warm ( i was in a tshirt) the next. I drove up to loveland during a blizzard the next day and boarded in powder all day.
We really liked Denver and came away with a few places we considered a place to move the family to. With a massive tech center, it would be suitable for me for work or as a jump point for consultancy.
The market changed for the better (we were renters at the time) and san diego became more affordable. My job changed for the better also.
If we were ever to move from SD, that is the only place we both want to move to. We love it there, the only thing missing is the ocean.
June 7, 2010 at 4:39 PM #561487LAAFTERHOURSParticipantAfter the 2007 fires, my wife and I went to Denver to check things out in wintertime. It was snowing one day, sunny and warm ( i was in a tshirt) the next. I drove up to loveland during a blizzard the next day and boarded in powder all day.
We really liked Denver and came away with a few places we considered a place to move the family to. With a massive tech center, it would be suitable for me for work or as a jump point for consultancy.
The market changed for the better (we were renters at the time) and san diego became more affordable. My job changed for the better also.
If we were ever to move from SD, that is the only place we both want to move to. We love it there, the only thing missing is the ocean.
June 7, 2010 at 4:39 PM #561772LAAFTERHOURSParticipantAfter the 2007 fires, my wife and I went to Denver to check things out in wintertime. It was snowing one day, sunny and warm ( i was in a tshirt) the next. I drove up to loveland during a blizzard the next day and boarded in powder all day.
We really liked Denver and came away with a few places we considered a place to move the family to. With a massive tech center, it would be suitable for me for work or as a jump point for consultancy.
The market changed for the better (we were renters at the time) and san diego became more affordable. My job changed for the better also.
If we were ever to move from SD, that is the only place we both want to move to. We love it there, the only thing missing is the ocean.
June 7, 2010 at 5:49 PM #560793bearishgurlParticipant[quote=Aecetia]I would visit during another season, like winter, to see how you like the weather.[/quote]
evolusd, I agree with Acetia here. I grew up in Alameda County, CA, but went to high school in Denver, CO. Now, I am old and it didn’t have as many freeways or “suburbs” back then but the WEATHER has not changed. I learned to drive a stick shift with studded tires and always carried in the trunk during the winter the following: sandbags & extra tires for weight, rug and shovel, scrapers, broom, lighters, screwdriver, butter knife, tire chains, etc. Even after I could get my block heater off, my car door open, the eng. started/warmed up and all the windows cleaned off, I often spun 360 deg. circles after a snow, even in a heavy veh. with weight in the trunk. This happens to everyone who is not driving a four-wheel drive veh.
ALL YEAR ROUND I had to carry a stash of clothing in the car, as did everyone else I knew. Levis, halter top, down vest, jacket, windbreaker, turtleneck, hiking boots, jean shorts, swimsuit, sunscreen, gloves, moccasins, bandanas, longjohns, flip-flops, etc. From the foothills to the plains to the cornfields to neighorhood a little ways up a mtn, the temp. would commonly change from 30 deg. to 90 deg. and back to 30 deg. in the space of 14 HOURS! I never knew when I might have to duck into a gas station to change clothes. I was also highly allergic to the wind blowing the bark of dogwood trees and flying cotton into my eyes from the cottonwoods and the very arid climate there made my sinuses much worse. It was not until I arrived back in SD in the 70’s and got “Blue Cross” coverage that a great ENT in Hillcrest cured me with “immunotherapy.”
As an adult, I drove back to CO for 20 years in a row to ski and have seen some horrible fatal accidents (and had near misses myself) between semis or oil tankers and passenger vehicles driving in ice and snow and/or “whiteout” conditions.
[quote=evolusd]5. Taxes – property tax is usually under 1%, compounded by the fact that the house costs 50% of what it would here…[/quote]
The grass always looks greener on the other side, evolusd. I don’t know where you’re getting your less than 1% tax rate info, but my siblings and I sold my mom’s residence there after her death many years ago for $125,000 and the taxes on it at the time were $1,555 annually. There is no “Prop. 13-like” provision in CO law. The CO assessors can arbitrarily reassess properties at whim but usually do it by parcel map.
[quote=evolusd]Found numerous 4-5 bedroom homes, 3,000+ sf in the $325k – $375k range within 20 miles of downtown, where I would likely be working.[/quote]
evolusd, are you aware that “20 miles” in low-vis. snowstorm or following a salt truck or plow could take almost two hours?? May I suggest you consider buying in town and drive the surface sts. 2-4 mi. (if your employer offers pkg.) or walk to catch the newer “light rail” (like SD trolley) to downtown and stay OFF the dangerously slick freeways eight mos. year? Even though the prices of this area are comparable with SD, I would highly recommend zips 80209 and 80210 for family-sized (2000+ sf) homes with full basements in which you will be able to recover your purchase price. Due to their solid brick construction with beautiful porches, fireplaces and built-ins, you may get a little more “bang for your buck” than SD. “South HS” and “JFK HS” have always been very good schools and my understanding is that their feeder elem/middle schools are very good as well.
My last two residences there were on S. Logan and S. Clarkson Sts. and I was UTTERLY SHOCKED when I recently discovered online how much improved and “upscale” this entire area is now!
Here is an excerpt of my posting from May 25 in the “Buying a house at the new top of the market?” thread in the “Buying and Selling RE” forum:
[quote=bearishgurl]I wish there was a very telling map for SD Co. like the one I found in this article last night from the Denver Post which shows the percentages of underwater homeowners in each zip.
http://www.denverpost.com/business/ci_11…
The high percentages denote instability and potential further price softness in those affected zips. Because they were properties purchased ONLY in the last five years, this shows that fewer transactions occurred in the more stable zips and those which occurred there were less likely to have been using toxic loans.
Not surprisingly, the Denver City/Co. zips of 80209 (“Wash. Park”) and 80210 (“Bonnie Brae”) are the 3rd and 4th most stable after Arvada West – Foothills (80007) and Coal Creek Cyn – Golden (80403), both in the foothills of Jefferson Co. Why?? Because the two Denver zips are among the most well-located, whose SFR stock consists of mostly larger solid brick bungalows from 60-90 years old, with full basements on ample lots. These two zips obviously have a great deal of high-equity and free-and-clear owners, natural beauty and many *free* amenities as well, hence their (often much) higher asking prices than the avg. for the overall mkt.[/quote]
Please study the map carefully at the bottom of the link provided.
In short, evolusd, the bulk of the Denver metro market is now heavily overbuilt and its owners are deeply underwater with their mortgages, even moreso than SD. You pay for what you get in this life. If I were you, I’d BE SURE if I was buying in one of those far-flung zips you are thinking about commuting from that you buy the property AS CHEAPLY AS POSSIBLE so if you find yourself axed from your new job or you and your family just get homesick and want to move back home, you HAVE THAT CHOICE and are not STUCK in an overmortgaged property or unable to recover your downpayment, like the majority of recent owners there are.
I know my experience living there was 35-40 yrs. ago, but I can’t emphasize it enough, evolusd, that you should STUDY THE MAP at the bottom of the link I provided. It is very eye-opening, to say the least. And bear in mind, it’s a different kind of life there – a lot more work. We bitch a lot here in SD, but our lives are EASY compared to those living in a harsh and unforgiving climate (at the constant mercy of the Rockies).
Agree about Red Rocks Ampitheatre. Your mention of it made me want to see who’s on the schedule this summer and make a road trip – LOL. I saw many an artist there in the early – mid 70’s. RRA and hiking the flatirons bring back a lot of great memories for me π
June 7, 2010 at 5:49 PM #560894bearishgurlParticipant[quote=Aecetia]I would visit during another season, like winter, to see how you like the weather.[/quote]
evolusd, I agree with Acetia here. I grew up in Alameda County, CA, but went to high school in Denver, CO. Now, I am old and it didn’t have as many freeways or “suburbs” back then but the WEATHER has not changed. I learned to drive a stick shift with studded tires and always carried in the trunk during the winter the following: sandbags & extra tires for weight, rug and shovel, scrapers, broom, lighters, screwdriver, butter knife, tire chains, etc. Even after I could get my block heater off, my car door open, the eng. started/warmed up and all the windows cleaned off, I often spun 360 deg. circles after a snow, even in a heavy veh. with weight in the trunk. This happens to everyone who is not driving a four-wheel drive veh.
ALL YEAR ROUND I had to carry a stash of clothing in the car, as did everyone else I knew. Levis, halter top, down vest, jacket, windbreaker, turtleneck, hiking boots, jean shorts, swimsuit, sunscreen, gloves, moccasins, bandanas, longjohns, flip-flops, etc. From the foothills to the plains to the cornfields to neighorhood a little ways up a mtn, the temp. would commonly change from 30 deg. to 90 deg. and back to 30 deg. in the space of 14 HOURS! I never knew when I might have to duck into a gas station to change clothes. I was also highly allergic to the wind blowing the bark of dogwood trees and flying cotton into my eyes from the cottonwoods and the very arid climate there made my sinuses much worse. It was not until I arrived back in SD in the 70’s and got “Blue Cross” coverage that a great ENT in Hillcrest cured me with “immunotherapy.”
As an adult, I drove back to CO for 20 years in a row to ski and have seen some horrible fatal accidents (and had near misses myself) between semis or oil tankers and passenger vehicles driving in ice and snow and/or “whiteout” conditions.
[quote=evolusd]5. Taxes – property tax is usually under 1%, compounded by the fact that the house costs 50% of what it would here…[/quote]
The grass always looks greener on the other side, evolusd. I don’t know where you’re getting your less than 1% tax rate info, but my siblings and I sold my mom’s residence there after her death many years ago for $125,000 and the taxes on it at the time were $1,555 annually. There is no “Prop. 13-like” provision in CO law. The CO assessors can arbitrarily reassess properties at whim but usually do it by parcel map.
[quote=evolusd]Found numerous 4-5 bedroom homes, 3,000+ sf in the $325k – $375k range within 20 miles of downtown, where I would likely be working.[/quote]
evolusd, are you aware that “20 miles” in low-vis. snowstorm or following a salt truck or plow could take almost two hours?? May I suggest you consider buying in town and drive the surface sts. 2-4 mi. (if your employer offers pkg.) or walk to catch the newer “light rail” (like SD trolley) to downtown and stay OFF the dangerously slick freeways eight mos. year? Even though the prices of this area are comparable with SD, I would highly recommend zips 80209 and 80210 for family-sized (2000+ sf) homes with full basements in which you will be able to recover your purchase price. Due to their solid brick construction with beautiful porches, fireplaces and built-ins, you may get a little more “bang for your buck” than SD. “South HS” and “JFK HS” have always been very good schools and my understanding is that their feeder elem/middle schools are very good as well.
My last two residences there were on S. Logan and S. Clarkson Sts. and I was UTTERLY SHOCKED when I recently discovered online how much improved and “upscale” this entire area is now!
Here is an excerpt of my posting from May 25 in the “Buying a house at the new top of the market?” thread in the “Buying and Selling RE” forum:
[quote=bearishgurl]I wish there was a very telling map for SD Co. like the one I found in this article last night from the Denver Post which shows the percentages of underwater homeowners in each zip.
http://www.denverpost.com/business/ci_11…
The high percentages denote instability and potential further price softness in those affected zips. Because they were properties purchased ONLY in the last five years, this shows that fewer transactions occurred in the more stable zips and those which occurred there were less likely to have been using toxic loans.
Not surprisingly, the Denver City/Co. zips of 80209 (“Wash. Park”) and 80210 (“Bonnie Brae”) are the 3rd and 4th most stable after Arvada West – Foothills (80007) and Coal Creek Cyn – Golden (80403), both in the foothills of Jefferson Co. Why?? Because the two Denver zips are among the most well-located, whose SFR stock consists of mostly larger solid brick bungalows from 60-90 years old, with full basements on ample lots. These two zips obviously have a great deal of high-equity and free-and-clear owners, natural beauty and many *free* amenities as well, hence their (often much) higher asking prices than the avg. for the overall mkt.[/quote]
Please study the map carefully at the bottom of the link provided.
In short, evolusd, the bulk of the Denver metro market is now heavily overbuilt and its owners are deeply underwater with their mortgages, even moreso than SD. You pay for what you get in this life. If I were you, I’d BE SURE if I was buying in one of those far-flung zips you are thinking about commuting from that you buy the property AS CHEAPLY AS POSSIBLE so if you find yourself axed from your new job or you and your family just get homesick and want to move back home, you HAVE THAT CHOICE and are not STUCK in an overmortgaged property or unable to recover your downpayment, like the majority of recent owners there are.
I know my experience living there was 35-40 yrs. ago, but I can’t emphasize it enough, evolusd, that you should STUDY THE MAP at the bottom of the link I provided. It is very eye-opening, to say the least. And bear in mind, it’s a different kind of life there – a lot more work. We bitch a lot here in SD, but our lives are EASY compared to those living in a harsh and unforgiving climate (at the constant mercy of the Rockies).
Agree about Red Rocks Ampitheatre. Your mention of it made me want to see who’s on the schedule this summer and make a road trip – LOL. I saw many an artist there in the early – mid 70’s. RRA and hiking the flatirons bring back a lot of great memories for me π
June 7, 2010 at 5:49 PM #561387bearishgurlParticipant[quote=Aecetia]I would visit during another season, like winter, to see how you like the weather.[/quote]
evolusd, I agree with Acetia here. I grew up in Alameda County, CA, but went to high school in Denver, CO. Now, I am old and it didn’t have as many freeways or “suburbs” back then but the WEATHER has not changed. I learned to drive a stick shift with studded tires and always carried in the trunk during the winter the following: sandbags & extra tires for weight, rug and shovel, scrapers, broom, lighters, screwdriver, butter knife, tire chains, etc. Even after I could get my block heater off, my car door open, the eng. started/warmed up and all the windows cleaned off, I often spun 360 deg. circles after a snow, even in a heavy veh. with weight in the trunk. This happens to everyone who is not driving a four-wheel drive veh.
ALL YEAR ROUND I had to carry a stash of clothing in the car, as did everyone else I knew. Levis, halter top, down vest, jacket, windbreaker, turtleneck, hiking boots, jean shorts, swimsuit, sunscreen, gloves, moccasins, bandanas, longjohns, flip-flops, etc. From the foothills to the plains to the cornfields to neighorhood a little ways up a mtn, the temp. would commonly change from 30 deg. to 90 deg. and back to 30 deg. in the space of 14 HOURS! I never knew when I might have to duck into a gas station to change clothes. I was also highly allergic to the wind blowing the bark of dogwood trees and flying cotton into my eyes from the cottonwoods and the very arid climate there made my sinuses much worse. It was not until I arrived back in SD in the 70’s and got “Blue Cross” coverage that a great ENT in Hillcrest cured me with “immunotherapy.”
As an adult, I drove back to CO for 20 years in a row to ski and have seen some horrible fatal accidents (and had near misses myself) between semis or oil tankers and passenger vehicles driving in ice and snow and/or “whiteout” conditions.
[quote=evolusd]5. Taxes – property tax is usually under 1%, compounded by the fact that the house costs 50% of what it would here…[/quote]
The grass always looks greener on the other side, evolusd. I don’t know where you’re getting your less than 1% tax rate info, but my siblings and I sold my mom’s residence there after her death many years ago for $125,000 and the taxes on it at the time were $1,555 annually. There is no “Prop. 13-like” provision in CO law. The CO assessors can arbitrarily reassess properties at whim but usually do it by parcel map.
[quote=evolusd]Found numerous 4-5 bedroom homes, 3,000+ sf in the $325k – $375k range within 20 miles of downtown, where I would likely be working.[/quote]
evolusd, are you aware that “20 miles” in low-vis. snowstorm or following a salt truck or plow could take almost two hours?? May I suggest you consider buying in town and drive the surface sts. 2-4 mi. (if your employer offers pkg.) or walk to catch the newer “light rail” (like SD trolley) to downtown and stay OFF the dangerously slick freeways eight mos. year? Even though the prices of this area are comparable with SD, I would highly recommend zips 80209 and 80210 for family-sized (2000+ sf) homes with full basements in which you will be able to recover your purchase price. Due to their solid brick construction with beautiful porches, fireplaces and built-ins, you may get a little more “bang for your buck” than SD. “South HS” and “JFK HS” have always been very good schools and my understanding is that their feeder elem/middle schools are very good as well.
My last two residences there were on S. Logan and S. Clarkson Sts. and I was UTTERLY SHOCKED when I recently discovered online how much improved and “upscale” this entire area is now!
Here is an excerpt of my posting from May 25 in the “Buying a house at the new top of the market?” thread in the “Buying and Selling RE” forum:
[quote=bearishgurl]I wish there was a very telling map for SD Co. like the one I found in this article last night from the Denver Post which shows the percentages of underwater homeowners in each zip.
http://www.denverpost.com/business/ci_11…
The high percentages denote instability and potential further price softness in those affected zips. Because they were properties purchased ONLY in the last five years, this shows that fewer transactions occurred in the more stable zips and those which occurred there were less likely to have been using toxic loans.
Not surprisingly, the Denver City/Co. zips of 80209 (“Wash. Park”) and 80210 (“Bonnie Brae”) are the 3rd and 4th most stable after Arvada West – Foothills (80007) and Coal Creek Cyn – Golden (80403), both in the foothills of Jefferson Co. Why?? Because the two Denver zips are among the most well-located, whose SFR stock consists of mostly larger solid brick bungalows from 60-90 years old, with full basements on ample lots. These two zips obviously have a great deal of high-equity and free-and-clear owners, natural beauty and many *free* amenities as well, hence their (often much) higher asking prices than the avg. for the overall mkt.[/quote]
Please study the map carefully at the bottom of the link provided.
In short, evolusd, the bulk of the Denver metro market is now heavily overbuilt and its owners are deeply underwater with their mortgages, even moreso than SD. You pay for what you get in this life. If I were you, I’d BE SURE if I was buying in one of those far-flung zips you are thinking about commuting from that you buy the property AS CHEAPLY AS POSSIBLE so if you find yourself axed from your new job or you and your family just get homesick and want to move back home, you HAVE THAT CHOICE and are not STUCK in an overmortgaged property or unable to recover your downpayment, like the majority of recent owners there are.
I know my experience living there was 35-40 yrs. ago, but I can’t emphasize it enough, evolusd, that you should STUDY THE MAP at the bottom of the link I provided. It is very eye-opening, to say the least. And bear in mind, it’s a different kind of life there – a lot more work. We bitch a lot here in SD, but our lives are EASY compared to those living in a harsh and unforgiving climate (at the constant mercy of the Rockies).
Agree about Red Rocks Ampitheatre. Your mention of it made me want to see who’s on the schedule this summer and make a road trip – LOL. I saw many an artist there in the early – mid 70’s. RRA and hiking the flatirons bring back a lot of great memories for me π
June 7, 2010 at 5:49 PM #561492bearishgurlParticipant[quote=Aecetia]I would visit during another season, like winter, to see how you like the weather.[/quote]
evolusd, I agree with Acetia here. I grew up in Alameda County, CA, but went to high school in Denver, CO. Now, I am old and it didn’t have as many freeways or “suburbs” back then but the WEATHER has not changed. I learned to drive a stick shift with studded tires and always carried in the trunk during the winter the following: sandbags & extra tires for weight, rug and shovel, scrapers, broom, lighters, screwdriver, butter knife, tire chains, etc. Even after I could get my block heater off, my car door open, the eng. started/warmed up and all the windows cleaned off, I often spun 360 deg. circles after a snow, even in a heavy veh. with weight in the trunk. This happens to everyone who is not driving a four-wheel drive veh.
ALL YEAR ROUND I had to carry a stash of clothing in the car, as did everyone else I knew. Levis, halter top, down vest, jacket, windbreaker, turtleneck, hiking boots, jean shorts, swimsuit, sunscreen, gloves, moccasins, bandanas, longjohns, flip-flops, etc. From the foothills to the plains to the cornfields to neighorhood a little ways up a mtn, the temp. would commonly change from 30 deg. to 90 deg. and back to 30 deg. in the space of 14 HOURS! I never knew when I might have to duck into a gas station to change clothes. I was also highly allergic to the wind blowing the bark of dogwood trees and flying cotton into my eyes from the cottonwoods and the very arid climate there made my sinuses much worse. It was not until I arrived back in SD in the 70’s and got “Blue Cross” coverage that a great ENT in Hillcrest cured me with “immunotherapy.”
As an adult, I drove back to CO for 20 years in a row to ski and have seen some horrible fatal accidents (and had near misses myself) between semis or oil tankers and passenger vehicles driving in ice and snow and/or “whiteout” conditions.
[quote=evolusd]5. Taxes – property tax is usually under 1%, compounded by the fact that the house costs 50% of what it would here…[/quote]
The grass always looks greener on the other side, evolusd. I don’t know where you’re getting your less than 1% tax rate info, but my siblings and I sold my mom’s residence there after her death many years ago for $125,000 and the taxes on it at the time were $1,555 annually. There is no “Prop. 13-like” provision in CO law. The CO assessors can arbitrarily reassess properties at whim but usually do it by parcel map.
[quote=evolusd]Found numerous 4-5 bedroom homes, 3,000+ sf in the $325k – $375k range within 20 miles of downtown, where I would likely be working.[/quote]
evolusd, are you aware that “20 miles” in low-vis. snowstorm or following a salt truck or plow could take almost two hours?? May I suggest you consider buying in town and drive the surface sts. 2-4 mi. (if your employer offers pkg.) or walk to catch the newer “light rail” (like SD trolley) to downtown and stay OFF the dangerously slick freeways eight mos. year? Even though the prices of this area are comparable with SD, I would highly recommend zips 80209 and 80210 for family-sized (2000+ sf) homes with full basements in which you will be able to recover your purchase price. Due to their solid brick construction with beautiful porches, fireplaces and built-ins, you may get a little more “bang for your buck” than SD. “South HS” and “JFK HS” have always been very good schools and my understanding is that their feeder elem/middle schools are very good as well.
My last two residences there were on S. Logan and S. Clarkson Sts. and I was UTTERLY SHOCKED when I recently discovered online how much improved and “upscale” this entire area is now!
Here is an excerpt of my posting from May 25 in the “Buying a house at the new top of the market?” thread in the “Buying and Selling RE” forum:
[quote=bearishgurl]I wish there was a very telling map for SD Co. like the one I found in this article last night from the Denver Post which shows the percentages of underwater homeowners in each zip.
http://www.denverpost.com/business/ci_11…
The high percentages denote instability and potential further price softness in those affected zips. Because they were properties purchased ONLY in the last five years, this shows that fewer transactions occurred in the more stable zips and those which occurred there were less likely to have been using toxic loans.
Not surprisingly, the Denver City/Co. zips of 80209 (“Wash. Park”) and 80210 (“Bonnie Brae”) are the 3rd and 4th most stable after Arvada West – Foothills (80007) and Coal Creek Cyn – Golden (80403), both in the foothills of Jefferson Co. Why?? Because the two Denver zips are among the most well-located, whose SFR stock consists of mostly larger solid brick bungalows from 60-90 years old, with full basements on ample lots. These two zips obviously have a great deal of high-equity and free-and-clear owners, natural beauty and many *free* amenities as well, hence their (often much) higher asking prices than the avg. for the overall mkt.[/quote]
Please study the map carefully at the bottom of the link provided.
In short, evolusd, the bulk of the Denver metro market is now heavily overbuilt and its owners are deeply underwater with their mortgages, even moreso than SD. You pay for what you get in this life. If I were you, I’d BE SURE if I was buying in one of those far-flung zips you are thinking about commuting from that you buy the property AS CHEAPLY AS POSSIBLE so if you find yourself axed from your new job or you and your family just get homesick and want to move back home, you HAVE THAT CHOICE and are not STUCK in an overmortgaged property or unable to recover your downpayment, like the majority of recent owners there are.
I know my experience living there was 35-40 yrs. ago, but I can’t emphasize it enough, evolusd, that you should STUDY THE MAP at the bottom of the link I provided. It is very eye-opening, to say the least. And bear in mind, it’s a different kind of life there – a lot more work. We bitch a lot here in SD, but our lives are EASY compared to those living in a harsh and unforgiving climate (at the constant mercy of the Rockies).
Agree about Red Rocks Ampitheatre. Your mention of it made me want to see who’s on the schedule this summer and make a road trip – LOL. I saw many an artist there in the early – mid 70’s. RRA and hiking the flatirons bring back a lot of great memories for me π
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