Quote:
Originally Posted by mhays
$2,600 renters are not necessarily making tons of money. Many are making $70,000 and simply paying more than half of their takehome for housing. That sort of thing is common as a city grows and densifies.
A Target might make sense, but it sounds like a couple supermarkets are coming, so that chips away at the justification.
Still the pluses are piling up with the office, resident, and visitor populations all rising.
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True.
I've said this before and I will say it again. I have lived in Lohi the past 4 years, and now about to move into Lodo and I don't NEED a Target. Sure, if there was one there, I'd probably go to it, but downtown people don't buy underwear from Target and King Sooper's is fine for Toilet Paper. I currently buy toilet paper from Vitamin Cottage and its not the soft kind.
As for $2,600 rent. Yes, that is expensive for 1 earner unless you make bank. Try finding a girlfriend, wife, roomate, life partner, etc. I couldn't live downtown on my own but with my wife and I combined and only 1 car, sure, its doable.
My new place is less than that and its a brick and timber over 1700sq ft with 2 car parking. There are deals to be had if you look hard.