Pages Menu
Categories Menu

Posted by on Feb 28, 2017 in Architecture and Design, business, Craftsmanship & Manual Labor, Economy, Work | 2 comments

Affordable Housing: What You Need to Know About the Most Critical Issue Facing Colorado Today

Affordable Housing: What You Need to Know About the Most Critical Issue Facing Colorado Today

  Imagine with me for a moment. Imagine you and your new spouse have been outbid on four straight houses in two months. Instead of buying your first home in Denver, you finally decide to work remotely, move back to the Midwest to be closer to family, and leave Colorado. Now imagine you’re a business owner at lunch with a real estate developer who is fighting off three simultaneous lawsuits from trial lawyers representing a homeowner’s association. He tells you, “I’ll never build condos again. Never.” Finally, imagine you work construction and rent an apartment near Five Points. In the past eight years, your rent has increased from $900 per month to $1600. Exasperated by rising costs – and stagnant wages – you move to Frederick, 40 minutes from friends, family, and your job site. Dejected you grab a beer with a friend after work. Your friend tells you that back in 2006, his grandma gave him $5,000 for down payment on a $175,000 condo. Today, that condo is...

Read More

Posted by on Jan 8, 2016 in Craftsmanship & Manual Labor, Work | 4 comments

Want an Affordable Home? Thank a Craftsman

Want an Affordable Home? Thank a Craftsman

  What is causing soaring home prices in Denver right now? This is the question on many would-be buyers’ minds. In June, the average home price in Denver was $366,419 — the highest in Colorado state history. The Denver City Council has spent significant time trying to find solutions to the shortage of affordable housing. (Recently, The Denver Post reported that Mayor Michael Hancock wants to raise $15 million a year to subsidize projects as part of a much larger plan.) But how did we get here? My wife and I asked our real estate agent, Trish Hopkins of RE/MAX, the same question. As we sat down to coffee, expressing our woeful prospects of ever finding a house we could afford, Hopkins said at least one problem is obvious. Inventory. She told us the average number of houses on the market for the Denver area is around 12,000 at any given time. Right now, it’s less than 3,500. With Colorado’s population boom, it just comes down to math. So...

Read More