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Thread: ahh Denver rent

  1. #1
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    ahh Denver rent

    Our rent is going up $70 a month. It is Denver, that is what happens. And the amenities have gone down, the pools are gross or have closed (I dropped my gym membership when we moved in here), we now pay an annual fee for parking, and our monthly utilities/fees include $4 a month just to print the bill.

    So I need to start looking, I am not sure I can do better however my son has a car and my bankruptcy is paid off so we have more options than 2 years ago. Meanwhile I am cleaning out, and pressuring my kid and his girlfriend to clean out. Her parents live 1 mile away so maybe most of her wardrobe can go there!!

  2. #2
    Senior Member razz's Avatar
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    That is a continual challenge with costs rising. Houses around us have gone up 23% in the past year with scant supply and the low interest rates so buying is not a ready option either. Not sure what the answer is though.
    Gandhi: Happiness is when what you think, what you say and what you do are in harmony .

  3. #3
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    Zoe, make sure to look into HUD houses with the neighbor next door policy for teachers, once the bankruptcy is old enough and stops being an issue.

  4. #4
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    Is that HUD homes buying or renting? Not sure I want to buy since my long term goal really is to live at and run a retreat center

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    It's buying; I did not realize you had a different long term goal, very cool!
    It is aprogram where teachers and firemen and policeman--maybe others, not sure, get a special deal purchasing HUD houses, which are already discounted as they are foreclosures.

  6. #6
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    Our rent is going up $70 a month.
    DD was lamenting to me how her escrow charge was going up steeply over last year. One wonders how sustainable this constant rise in rents and home prices can go on. There are only so many investors and people of means who can keep up with the trend (or whatever it is).

  7. #7
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    I have considered buying, however I have a foreclosure. It was the recession and a combination of not finding a well paying job and loss of $100K in home value made the choice obvious. However I am not confident that lenders would take that into account of course.

  8. #8
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    You might still talk to a mortgage broker for information.

  9. #9
    Senior Member jp1's Avatar
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    i'm not a real estate expert, but if prices to buy are going up faster than people's salaries then it's likely we're headed for another real estate bust and now is precisely the wrong time to buy.

  10. #10
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    Quote Originally Posted by jp1 View Post
    i'm not a real estate expert, but if prices to buy are going up faster than people's salaries then it's likely we're headed for another real estate bust and now is precisely the wrong time to buy.
    Yup, been there before. Colorado is booming but if the pot industry gets shut down or if more states make it legal that border us then we will not keep this up. The perfect time to buy was when I lost my house and pay $100K less than I did!

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