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kerosene · 01-14-2009, 11:58 AM

Yeah, you can buy a beautiful 3000 sf mountain chalet on 6 acres in Colorado for half that, complete with a breathing condition.

Colorado real estate prices are really interesting to me. I mean, our wages, here, really are not much different from any other place, but to buy a house seems unfairly matched. Of course, most areas here seem to have suffered from the decline in real estate values, but like Radar was saying about foreclosures...the really good deals are getting snatched up quickly and some areas are already starting to recover from the price decline.

We use to blame inflated home prices on Californians. So many from California migrated here in the late 80s and 90s and could afford to put half down or pay for a house in cash and end up with a house 3 times the size of their multi-milliondollar bungalows they sold in CA. This seriously drove our real estate values up during that period. Good for those of the previous generation who bought before that time. Bad for those of us who grew up here and suddenly could not afford to purchase a home in our own hometowns.

01-14-2009, 11:58 AM	#64
kerosene Touring the facilities Join Date: Nov 2002 Location: The plains of Colorado Posts: 3,476	Yeah, you can buy a beautiful 3000 sf mountain chalet on 6 acres in Colorado for half that, complete with a breathing condition. Colorado real estate prices are really interesting to me. I mean, our wages, here, really are not much different from any other place, but to buy a house seems unfairly matched. Of course, most areas here seem to have suffered from the decline in real estate values, but like Radar was saying about foreclosures...the really good deals are getting snatched up quickly and some areas are already starting to recover from the price decline. We use to blame inflated home prices on Californians. So many from California migrated here in the late 80s and 90s and could afford to put half down or pay for a house in cash and end up with a house 3 times the size of their multi-milliondollar bungalows they sold in CA. This seriously drove our real estate values up during that period. Good for those of the previous generation who bought before that time. Bad for those of us who grew up here and suddenly could not afford to purchase a home in our own hometowns.