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Originally Posted by corey
Denver is a much more appealing place to live than all of other cities you listed. Denver has always been considerably more expensive than those cities as well. Colorado gets tons of tourists every year because it is a great place. I don't think legal pot is the main force behind the hot housing market. The positive national publicity we have gotten in general has had an effect though. I think Denver deserves to be in the top 10 of highest priced housing. What makes the other more expensive cities worth their exorbitant prices? I do think prices will increase much more modestly from now on, which is good.
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I thought it was common knowledge that the weed industry is driving the bulk of our economic boom right now. After the pot thing passed, there were three houses within smelling distance of mine that became grow operations - it reeked, I couldn't smell anything but skunk for two years. Fortunately at least two of them have been shut down and I can now smell my lawn. The house next to me has turned into an apartment complex (because kids move out here and can't afford to rent anything so people now rent out bedrooms in single-family-homes - ask Douglas County Zoning, they're saying it's epidemic of homes turning into bedroom units and complaints of grow operations on a daily basis). 4 of the 5 tenants next to me are from out of state and into weed, one works in the pot industry and leaves empty pot canisters in the yard and I just found a hash pipe a couple days ago on the sidewalk, where children play. I just had an x-ray taken today and the operator reeked of weed - nice guy, but total stoner. I get a contact high every time I drive through Englewood. My point is, the weed industry is prolific right now. There is no question our economic boom is mostly fueled by the pot thing. It's basically a free-for-all in terms of pot here. It's made a lot of people very, very rich. And a lot of other people want to move here and those that can, do. That right there is the biggest reason for the demand for housing that we're seeing.
There's a good audio interview I listened to recently about a local music/DJ promoter who laments the old days (2 years ago) when he could find and afford a wharehouse space for events. I have a personal friend who also is a music promoter and outside of proper establishments, you can't find a wharehouse to save your life. They're all converted into pot farms for the weed industry and their rents are sky high, so even when you can find a wharehouse, the rent is too damn high. The rent is too damn high!