Friday, August 10, 2007
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This blog was inspired by Bubble Markets Inventory Tracking, Dr. Housing Bubble, Real Homes of Genius and other great Bloggers on the west coast. This blog is for you. This blog will expose the genius floppers in the Denver Metro Area there are many and this is only the tip of the iceberg...Stay tuned for some interesting homes and sales taking place in Denver and surrounding suburbs...
6 comments:
I believe the price is for more than one condo. See ZILLOW info on
2827 Umatilla St. Denver CO 80211.
seanpj
http://www.denvergov.org/tabid/37889/Default.aspx?link=http://www.denvergov.org/apps/realpropertyapplication/realproperty.asp&title=Real%20Property
STRAIGHT FROM THE HORSES MOUTH, Denver Gov. THIS TO BE 2,300SF, My OTHER 2 DATA SOURCES SHOW IT TO BE 900SF WITH 900 SF BASEMENT.Zillow is very unreliable.
can't trust Zillow.
Zillow is a suckers game.
SAS
posted this on another blog:
Every few months I start looking at real estate again, and all I see is overpriced crap.
I try bringing up housing prices to my homeowning friends, and they tell me there’s absolutely no way central Denver real estate is going to crash. Limited supply, everybody wants to move downtown, etc etc.
I’m no economist, and I don’t know as much about financial matters as a lot of posters on this blog. But I do know that something is off when you can rent a nice apartment for $750/month, and the building next door offers condos (the same size) for $190K+. The people who live in the bungalow houses in my neighborhood seem to have a middle-class existence (lots of teachers, some techies like me, etc), but they have fancier cars (his and her Land Rovers, for example), etc. The average house price in my neighborhood is about $350K. You could probably rent that same house for $1500 - $1700 per month.
It’s also discouraging to go over to a coworker’s, and see their beautiful new house, with all new furniture, pool table, 2 new fancy cars, boat, etc. I knew I was slightly underpaid, but I didn’t think I was by *that* much. Again, something doesn’t smell right.
mol,
There is gobs of news information on Denver. It will not be immune. It has suffered from the same loose lending practices that every other city has experienced. The next 6 months are going to be very interesting.
Check the following sites and review the news links, daily:
housingbubble.com
http://ml-implode.com/
You can get a great sense of the market by scanning what is going on throughout the county, and the world. Yes, the world is suffering from our pathetic lending standards.
BTW, your instincts are correct--something is NOT RIGHT.
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