Denver rent is back to 2022 prices after 20k new units hit the market

Post by seanmcdirmid » Thu, Jul 31, 2025, 11:41 PM UTC

JumpCrisscross wrote: post #122

seanmcdirmid wrote: post #116

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If everyone could live where they wanted to live, then ya, why wouldn't everyone want to live in the best cities? If you have fixed demand, then you can definitely "build" your way out of a housing crisis. Bozeman, for example, doesn't have many jobs, so you can't really live there if you don't bring your own money. A big city like Seattle or Denver... they have lots of jobs, so they will grow at least to the point t…

> If everyone could live where they wanted to live, then ya, why wouldn't everyone want to live in the best cities? I moved from midtown Manhattan to western Wyoming. People have diverse preferences. (Even if we assume uniform preferences, densifying the population into a few cities so we can reclaim our wildlands sounds like a dream.)

Post by [deleted] » Thu, Jul 31, 2025, 11:42 PM UTC

DaveZale wrote: post #119

at-fates-hands wrote: post #44

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How far south are you? I lived in Colorado Springs for a few years as a ski bum and all my friends in Denver used to mock me driving back and forth, but my rent was almost $500 cheaper living in Springs. You're 100% right though.

just a little west of Pueblo. We're about 1/3 of the cost of living in the Denver area. We get plenty of migrants from the Denver area and elsewhere. Of course, the sales tax and other taxes are going up. Probably heading to a truly rural area with a nice community soon. I lived in many big cities over the years. They are toxic and unsafe. I know that because I worked in public health. If you look at the morbidity an…

Post by seanmcdirmid » Thu, Jul 31, 2025, 11:45 PM UTC

s17n wrote: post #140

seanmcdirmid wrote: post #73

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> It does. Twenty thousand units represent about 5% of Denver's housing stock [1]. Commit to adding this many units to the housing stock every year for the next 10 years and you'll have solved the housing crisis. (You'll probably need to bail out recent homebuyers, who will be permanently underwater, but that's a separate issue.) That is only if you believe that more capacity does not induce more demand, which really…

Are there people who have been avoiding Denver because the rent is too high? I think of Denver as somewhere you go if you're sick of the cost of living on the coast.

Post by izacus » Thu, Jul 31, 2025, 11:46 PM UTC

unsnap_biceps wrote: post #146

standardUser wrote: post #110

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> You'll probably need to bail out recent homebuyers, who will be permanently underwater If you buy a house for $400k, and suddenly it is worth $300k, you don't need to be "bailed out" for your purchase decision. You should have been certain that the house was worth $400k to you at the time of purchase. Otherwise you're a speculator, and we shouldn't be bailing out speculators. It's called buyer's remorse. We accept…

Some loans require PMI if your outstanding balance is larger than the current value. PMI is very expensive and, unlike a TV or car, you might be forced to give up your house because it devalued too far and you can no longer afford mortgage and PMI. I'm not saying we shouldn't make housing affordable, but it's worth considering the impact for everyone.

Post by comte7092 » Thu, Jul 31, 2025, 11:56 PM UTC

JKCalhoun wrote: post #21

Is it wrong of me to be sad that it's rent and not home prices?