Tag: Denver

The Housing Crisis – Denver

Housing prices for renters and owners are sky high, while homes are in short supply. According to the latest Census, over 115,000 newcomers moved to Denver over the past decade and more are coming every day, putting even more stress on the housing market

Where should all these people live?

The need for new housing for people making less than the area median income — which is $94,320 for a three-person family and $73,360 for a single person — is extreme. In Denver, the median home price was around $545,000 in December, and median rent is currently $1,798, according to Apartment List’s February rent report.

Denver must build more than 50,000 affordable homes a year to meet demand. The city’s largest affordable housing developer can build around 300.
The city’s largest affordable housing developer can’t keep up with the need.
Kyle Harris
Denverite

Getting By in Denver

The_Raji
I was living with roommates when I was making 40k a year.

PandaKOST
Notice, too, “roommates” and not “a roommate.” The housing situation out here is bonkers.

Lonely-Criticism1419
Fiancé and I both work full time and we have a studio apt, no kids

ashrnglr
… I make decent money but a house still seems like a dream. Maybe one day

TheAbbott418
… I make good money and a house in this state just is not happening. Remote life is about to be for real…plan to move to a place that hasn’t gone insane.

throwawaypf2015
i make 50k. union job. on a good year maybe 55k with overtime and differential. have my own place. no debt, no kids. i’m struggling tbh.

UBsamsongz
Roommates. 3 bd 2 bt house in the Westminster area. $2200 a month. It goes up in February though

NOTE –
If you’d like to see similar discussion pertaining to any particular city, google something like this:
reddit afford living San Francisco
Results:
1 How do you guys afford to live here? : San Francisco … – Reddit
2 If “nobody” can afford to live in SF – who exactly inhabits all …
3 Is this enough money to live and save in San Francisco – Reddit
4 What do a lot of people in San Francisco do for a living to …
5 How can people afford living alone in SF? : r/AskSF – Reddit
6 I can’t afford to live in SF. : r/sanfrancisco – Reddit
7 How do people afford to buy in the Bay Area without rich …
8 How Do People Afford to Live in the Bay Area? We Asked …
9 Can someone from SF explain to me how people afford to live …

Supporting the King Soopers Strike

I live maybe a mile from a King Soopers store and have been shopping there for years. I went to Safeway this weekend instead of King Soopers, out of support for the strikers. Noted that the Safeway store was extra busy. Great minds think alike.

Denver Home Price Average Over $700,000

As documented by the January 2022 market-trends report from the Denver Metro Association of Realtors, the red-hot real estate scene in Denver has defied expectations, with the average price for a detached home in greater Denver rising above $700,000, a mark associated with the eye-popping peaks registered during the spring and early summer.

Denver Home Price Average Over $700,000 — Again
Westword
MICHAEL ROBERTS