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Forum » Median home value in Denver is $422,400
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Thread: Median home value in Denver is $422,400

post 1588574511 09-25-2019, 07:34 PM
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#61
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Yet every millennial is flocking to Denver. Brb renting a ****box apartment until you're 40
post 1588574591 09-25-2019, 07:35 PM
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Yea just don't buy right now.

Wait until either the housing market crashes, or wait for them to artificially keep it afloat by continuously decreasing interest rates. I have a 10% down payment right now for a 150k place, but would rather wait since the market is so bloated and the 150k house is ****. Even the townhouses.

Everything around here is starting to come down now. Very slowly. A lot more foreclosures/pre-forclosures.

I'll live at home until the spring and rack up 20% down payment and buy a decent place cheap to build equity and eventually sell it high in 5+ years or rent it out.

LOL if you buy right now unless you have to.
post 1588574731 09-25-2019, 07:37 PM
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#63
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I can't understand why people don't move away from these ridiculous priced locations.
post 1588575281 09-25-2019, 07:48 PM
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#64
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thats pretty cheap man. nice

havent seen house prices that low in 20 years
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post 1588575531 09-25-2019, 07:53 PM
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Originally Posted By Mang1er⏩
I can't understand why people don't move away from these ridiculous priced locations.
Because the culture has created an idea that living in a city is the only way to have fun and enjoy life, while living too far from a city is depression and nothing. Yet every city is riddled with debt, crime, homelessness, the highest rates of depression, etc. Apparently you are missing out if you aren't going to local breweries in the city every week and having tons of hip bars and stadiums to go to games and stuff.

If you are planning on having a family or have kids already, Stay far away from cities.
post 1588576001 09-25-2019, 08:04 PM
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Originally Posted By Mang1er⏩
I can't understand why people don't move away from these ridiculous priced locations.
because they like living there
post 1588576321 09-25-2019, 08:09 PM
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Originally Posted By Mang1er⏩
I can't understand why people don't move away from these ridiculous priced locations.
Have you ever tried getting laid in a small town? 500 guys competing for the same 3 used up hogs srs.
post 1588577191 09-25-2019, 08:21 PM
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#68
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Originally Posted By DeadlyStriker⏩
Because the culture has created an idea that living in a city is the only way to have fun and enjoy life, while living too far from a city is depression and nothing. Yet every city is riddled with debt, crime, homelessness, the highest rates of depression, etc. Apparently you are missing out if you aren't going to local breweries in the city every week and having tons of hip bars and stadiums to go to games and stuff.

If you are planning on having a family or have kids already, Stay far away from cities.
Generally agree and this was my plan, however there are certain reasons to live in cities. Having a diagnosis of some sort and having to go to like 5 different therapies? Yeah, that's going to be bitch to deal with living in the sticks. Currently my problem, life's really changed for my family. That's IF the nearby city even has the services you need. Also, traffic. Part of the reason cities are dense is the opportunity factor-more jobs. People try hacking that by working in cities and commute in from suburbs. That's a giant waste of time and money though.
Virtue is its own reward.
post 1588577641 09-25-2019, 08:28 PM
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#69
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Originally Posted By ErnieMccracken⏩
Have you ever tried getting laid in a small town? 500 guys competing for the same 3 used up hogs srs.
What about the suburbs lol? Not sure what it's like in other areas but every city around Detroit has a **** ton of bars or places to meet girls. I'm not talking about moving to the middle of fuking nowhere North Dakota.
post 1588577991 09-25-2019, 08:37 PM
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#70
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Originally Posted By Rad203⏩
Thats not that bad, pretty average in the UK with a mortgage. Not ****ting on US brahs, but you dont know how good you have it when it comes to housing. According to statistics, you have one of the best wage to house price ratios in the world aka, you got higher avg. wages and cheap houses compared to most in even western countries.
We have it extremely well compared to most other countries, US bruhs just don’t have perspective. Tbh these threads are always full of young people that love on the coast crying about how expensive it is. Reality is that there are about 48 states we can move to making $50-60k and save to but a house. All the complainers in here just want to live in downtown San Diego for $300k, not happening. We have it very good in reality bruh srs
post 1588579101 09-25-2019, 08:59 PM
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#71
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I've never been to cali but I guess my point is, I cant see barely getting by and being broke AF living in a 300sqft apartment forever just for nice weather and a downtown scene. Plenty of other places around the country that have awesome weather 3 seasons out of the year. Michigan has just as many registered boats as Cali. Brb buying a 2000sqft house on the water for 300k in michigan.
post 1588579381 09-25-2019, 09:07 PM
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#72
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Originally Posted By Mang1er⏩
I've never been to cali but I guess my point is, I cant see barely getting by and being broke AF living in a 300sqft apartment forever just for nice weather and a downtown scene. Plenty of other places around the country that have awesome weather 3 seasons out of the year. Michigan has just as many registered boats as Cali. Brb buying a 2000sqft house on the water for 300k in michigan.
Brah michigan is always ranked as one of the chittiest states in the country lol
post 1588579981 09-25-2019, 09:17 PM
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#73
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The whole front range is ridiculous. Rent too. I used to work in Colorado and live in wyoming, a 35 minute drive. I payed $450 for rent in wyoming. The same thing was $1200 in Colorado. Screw that bs
post 1588580261 09-25-2019, 09:24 PM
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#74
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Originally Posted By IH8RICE⏩
Those people leaving can’t afford to live there. How do you think they’re the ones jacking up prices? The true answer is foreign money buying **** up to find a place to shield their money.
You're wrong. Do you know how easy it is to afford a 500k house for a married couple with 2 tech jobs, or 1 tech job and a regular 40k income for the other person? Very easy. At 3.5x income to house price, for 500k you're only looking at $142,000.

Hell, bus drivers here in denver start at like 22/hr. A couple who both drive a bus are only ~49k away from being able to afford a 500k house, not counting overtime.
post 1588580421 09-25-2019, 09:26 PM
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Originally Posted By bigcat3655⏩
Down here near co springs avg is in the mid 300s. I paid 196, owe 180, and it's worth 325.
What up fellow 719 brah?
post 1588580551 09-25-2019, 09:30 PM
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Originally Posted By WinningBrah⏩
Yet every millennial is flocking to Denver. Brb renting a ****box apartment until you're 40
Yep.

CO resident checking in.
post 1588581161 09-25-2019, 09:43 PM
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#77
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Originally Posted By soaponarope1⏩
You're wrong. Do you know how easy it is to afford a 500k house for a married couple with 2 tech jobs, or 1 tech job and a regular 40k income for the other person? Very easy. At 3.5x income to house price, for 500k you're only looking at $142,000.

Hell, bus drivers here in denver start at like 22/hr. A couple who both drive a bus are only ~49k away from being able to afford a 500k house, not counting overtime.
Two middle class incomes combined are short over 50% of the income they need to afford that house. On top of that, good luck with kids (hello daycare lol). 22/hr sounds good but that ain't jack chit. I make 27.60-and only way me and my lady make it is cos we're frugal as fuk.
Virtue is its own reward.
post 1588581521 09-25-2019, 09:53 PM
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#78
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Originally Posted By Johnez⏩
Two middle class incomes combined are short over 50% of the income they need to afford that house. On top of that, good luck with kids (hello daycare lol). 22/hr sounds good but that ain't jack chit. I make 27.60-and only way me and my lady make it is cos we're frugal as fuk.
Yeah living in a decent house in one of the most in demand markets isn't easily achievable for average income families. It is very easy to own nice things on those incomes in average places though.

My point still stands. It's mostly high income younger families buying houses for 500k range in denver. I live in one of the most in demand neighborhoods here and see it myself. You vastly underestimate just how many people here make over 100k by themselves.
post 1588581551 09-25-2019, 09:54 PM
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#79
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Originally Posted By soaponarope1⏩
Yeah living in a decent house in one of the most in demand markets isn't easily achievable for average income families. It is very easy to own nice things on those incomes in average places though.

My point still stands. It's mostly high income younger families buying houses for 500k range in denver. I live in one of the most in demand neighborhoods here and see it myself. You vastly underestimate just how many people here make over 100k by themselves.
Is it stemcel programmers making all that cash?
post 1588581651 09-25-2019, 09:56 PM
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Originally Posted By 3basic5me⏩
mirin.

Toronto is roughly 800K. Vancouver 1mil.
This. Sounds awesome IMO.
post 1588581951 09-25-2019, 10:04 PM
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#81
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Originally Posted By ErnieMccracken⏩
Is it stemcel programmers making all that cash?
Lol. I'd imagine software engineers do quite well. But there's also network engineers, systems administrators, devops engineers, qa and other analysts, it security guys, and pretty much all it managers in the 100k+ group. Plenty making less, but more than enough making enough to fill neighborhoods of $500k houses, especially if the spouse pulls down 50k.
post 1588582141 09-25-2019, 10:07 PM
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Originally Posted By soaponarope1⏩
Lol. I'd imagine software engineers do quite well. But there's also network engineers, systems administrators, devops engineers, qa and other analysts, it security guys, and pretty much all it managers in the 100k+ group. Plenty making less, but more than enough making enough to fill neighborhoods of $500k houses, especially if the spouse pulls down 50k.
In high school, they told me all the programming jobs would be done by robots or Indians by now.
post 1588582191 09-25-2019, 10:09 PM
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#83
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Originally Posted By soaponarope1⏩
Lol. I'd imagine software engineers do quite well. But there's also network engineers, systems administrators, devops engineers, qa and other analysts, it security guys, and pretty much all it managers in the 100k+ group. Plenty making less, but more than enough making enough to fill neighborhoods of $500k houses, especially if the spouse pulls down 50k.
There's a lot of people leveraged or struggling because the market is potato . . . but there's a HUGE number of households knocking out big incomes. The median household income in the entire metro Denver area is almost $80k. The median household income in Douglas County where I'm at is $110k--5th highest in the nation. Lots of tech-related, dual-income households and lots of Cali transplants and east coasters who cashed in before coming here (unfortunately).
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post 1588582501 09-25-2019, 10:19 PM
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Friend bought a place there 8 years ago and it's basically doubled. Thanks Californians. Cali transplants are legit pestilence.
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post 1588582661 09-25-2019, 10:22 PM
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Originally Posted By FingerNailsBrah⏩
50 is the new 30
There’s actually a ton of truth to this.
post 1588582801 09-25-2019, 10:26 PM
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#86
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Originally Posted By guest89⏩
What city? When I retire I'll probably have about 8-10K per month with my pension.


I want to extensively travel the US but living like a King in Mexico might be nice in the winter time.
San Miguel de allendo area. Sold his house here in CO for 300k that he had paid off, banked 200k and bought a small place for him and his wife with the other 100k.
post 1588582901 09-25-2019, 10:31 PM
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Originally Posted By Dirtylocks⏩
What up fellow 719 brah?
Not much. Enjoying a quiet night on the eastern plains
post 1588583191 09-25-2019, 10:40 PM
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Are you fuking kidding me, $422k is cheap as fuk.

Try living in Vancouver Canada, average home price well over $1 million

This home is listed right now in Vancouver at $1,195,000



Not even joking, I wish I was joking.
post 1588583241 09-25-2019, 10:41 PM
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#89
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Originally Posted By Savux⏩
Are you fuking kidding me, $422k is cheap as fuk.

Try living in Vancouver Canada, average home price well over $1 million
Why the fukk would anyone who's not a chinese sweatshop magnate stay in Hongcouver? MOVE, TARD.
post 1588583261 09-25-2019, 10:41 PM
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#90
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Originally Posted By Savux⏩
Are you fuking kidding me, $422k is cheap as fuk.

Try living in Vancouver Canada, average home price well over $1 million
Stop letting all the Chinese people buy up your property
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