Not to brag, but check out these high ranks…
Another week, another high ranking for Denver and Colorado real estate. Denver ranks the 10th city to have the most million dollar homes. Most of the top cities in this category are located near oceans, but apparently some millionaires prefer mountains!
When it comes to “Best Cities to Live in,” Colorado Springs ranks #9, Denver #12 and Aurora #22. This study analyzed affordability, economy, education & health, quality of life and safety. If you care more about one category than the others, you can sort by that category. For example, Colorado Springs’ affordability ranking is #2, while Denver’s is #30. Data nerds, unite!
And lastly, more than half of U.S. homes are worth more than before the bubble burst. The Denver metro has had some of the best recovery, with 99.6% of homes over their pre-bubble value. Most large cities have seen good recovery, but there are a few stragglers out there that might make for profitable out of state investing. Cleveland is at 31.2%, but Las Vegas at .08% and Orlando at 5.4% have even more room to grow.
Attention Denver Citizens and Landlords!
Denver City Council has proposed to require landlords to accept Section 8 tenants by adding “source of income” to the list of things a landlord cannot ask about or consider when selecting a tenant. Some landlords love Section 8 and some hate it. If this bill passes, you no longer get the choice. If you want to voice your opinion, there is a public comment time available at the next city council meeting this Monday, July 30, at 5:30 p.m. If you want to comment, sign up before 5 p.m. Read the proposed bill here. If you live in Denver, call your representative and tell them this will open up a can of worms. Tell them to allow ADU (auxiliary dwelling units) instead, which increases the number of units available and keeps rents low through competition.
QUOTE OF THE WEEK
“Nothing is a greater impediment to being on good terms with others than being ill at ease with yourself.”
~Honoré de Balzac
See you soon,