Although this ordinance will not completely eliminate the short term rental in Denver, it will require owners to take specific steps to become eligible to rent out their homes and it will eliminate the existence of purely investment homes currently being utilized solely as a hotel.
All homes will be required to have a LICENSE or get fined!
Know What Salary is it Going to Take to Buy a Typical Home in Metro Denver?
Buyers of a median-priced home in metro Denver need to make about $17,000 more than the U.S. average.
Use this for your salary negotiations!
According to this latest Denver Post Article, the signs are truly there. Prices can't go up forever at the same pace they have gone up in the last 3 years. You could characterize it as hyper-inflation for Denver and Parker CO real estate. Its has not been a healthy market and eventually the supply/demand imbalance has to even out one way or the other. Either new construction will finally catch up or the 3 interest rate hikes announced in 2017 will curb the demand. This is a good thing for Denver. We don't want San Fransisco pricing here.
Top sectors of income growth are right here.
Great days ahead if you are in finance, local government, or the health care industry. Not so rosy if you are a farmer or in the mining industry. The good news is that most segments are growing and not retreating, and this is especially important to realize if you are buying a home in Parker CO or the Denver Metro area in the next year.
Bet you've never seen the topic of global warming presented like this! Take the time to read it carefully all of the way down.
Then just for fun, run this graph down the page fast to really see the big picture!
Anyone want to challenge global warming now? Still think its not human caused and its just a random event that occurs naturally to the earth? Think again. Own a home by a ski area? Better hope for the best case scenario.
Might make sense to invest in air conditioning company stock (Carrier has been in the news lately why not that one,) and if you own a home in Parker or Elizabeth or anywhere in Douglas County with a high elevation and have been fighting the urge to invest in air conditioning, might make sense to finally give in to that urge. Its going to be hard to fight history and turn this thing around...