DENVER | Main Development Thread #6 - Page 234

Cirrus · #**4661** Posted **Jul 3, 2015, 5:32 PM**

Since it was 1) well into its 4th page, and 2) winding down anyway, I moved the where-should-RyanD-move discussion to its own thread.

DownhomeDenver · #**4662** Posted **Jul 4, 2015, 1:50 AM**

Quote:

Originally Posted by TakeFive

Side Note: Justin is counting on those drones for delivery of his favorite burritos.

BTW I just f-ing love Denver Urban Review. There's always a new story on there every couple of days, great photos and insightful commentary. It's become my preferred urban blog.

Thanks Justin.

DenverPoke · #**4663** Posted **Jul 4, 2015, 2:11 AM**

Quote:

Originally Posted by DownhomeDenver

BTW I just f-ing love Denver Urban Review. There's always a new story on there every couple of days, great photos and insightful commentary. It's become my preferred urban blog.

Thanks Justin.

Same here, Justin does a great job. He must have some really good connections because his info is timely and often features insights from the developer. Kudos Justin!

The Dirt · #**4664** Posted **Jul 4, 2015, 5:20 AM**

Forum request: can all of you dudes that have Denver in your user name, can you please create an avatar for yourselves? I can't tell DenverPoke from DownhomeDenver, Denver, and Denver Dweller. You're all basically the same person to me and it's really hard to keep track.

seventwenty · #**4665** Posted **Jul 4, 2015, 9:48 PM**

I will change my 'tar to a gif of all their 'tars.

seventwenty · #**4666** Posted **Jul 4, 2015, 10:03 PM**

And in less/more bro news, here's a wayback machine pull from a property management. Link is from 2009.

CherryCreek · #**4667** Posted **Jul 4, 2015, 11:00 PM**

Quote:

Originally Posted by seventwenty

And in less/more bro news, here's a wayback machine pull from a property management. Link is from 2009.

Damn.. It was like rents were practically free!! what happened????

seventwenty · #**4668** Posted **Jul 5, 2015, 1:56 AM**

Quote:

Originally Posted by CherryCreek

Damn.. It was like rents were practically free!! what happened????

Well a big economic meltdown before 2009. Then a recovery.

J21bird · #**4669** Posted **Jul 6, 2015, 8:39 AM**

Quote:

Originally Posted by DenverPoke

Same here, Justin does a great job. He must have some really good connections because his info is timely and often features insights from the developer. Kudos Justin!

Thanks guys!

balugajames · #**4670** Posted **Jul 7, 2015, 2:30 PM**

Not sure I have seen this one listed. 203 units Jefferson Park (Decartur)

Source: http://www.denverrealestatewatch.com/

RyanD · #**4671** Posted **Jul 7, 2015, 2:38 PM**

Quote:

Originally Posted by balugajames

Not sure I have seen this one listed. 203 units Jefferson Park (Decartur)

Source: http://www.denverrealestatewatch.com/

Lol.

“We underwrote it pretty conservatively for just north of $2 per square foot, but by the time it opens, hopefully we can $2.30 per square foot."

Because we can, right?

Also, I found this:

DMAR: June sets housing records

Quote:

June was another record-breaking month for the Denver-area housing market, according to a report released on Monday by the Denver Metro Association of Realtors.

The average sale price of all homes hit a record $377,550 last month. Prices are up 12.3 percent from $336,073 in June 2014.

The median sale price tied the $325,000 record set in May, while rising 14.2 percent from June 2014.

And total sales volume his a record $2.1 billion, 9.9 percent more than the $1.96 billion in June 2014, according to DMAR, which has more than 5,000 members.

A record 124 single-family homes priced at $1 million or more also closed last month, topping the previous record of 106 in May by 17 percent.

“June was a record-setting month,” said Anthony Rael, chairman of the DMAR Market Trends Committee.

Brainpathology · #**4672** Posted **Jul 7, 2015, 3:10 PM**

It actually looks like when Marijuana was legalized in 2012/13ish the curve of listings started just slightly flattening out. Good thing we ruined the market slightly by legalizing it or there would have been no listings even faster and even WORSE housing price increases.

wong21fr · #**4673** Posted **Jul 7, 2015, 4:05 PM**

Clearly Obama is to blame. Thanks.

mr1138 · #**4674** Posted **Jul 7, 2015, 4:24 PM**

Denver hosts the DNC with Obama in front of thousands of people at Mile High Stadium, and millions more on national television. Suddenly thousands of rich liberal yuppies "discover" Denver and flood the market driving up housing prices! Nobody knew that Colorado was cool before then. Just look at all the liberal bumper stickers that have popped up on the road since 2008. The anecdotal evidence speaks volumes. Isn't it crystal clear that is by far the primary driving factor? It probably even caused pot to be legalized!

Oh... plus the nation's largest recession in generations ended, and hundreds of thousands of homes were reabsorbed by the market without sufficient inventory being added on the back end of the trend. I'm sure that had nothing to do with it.

bunt_q · #**4675** Posted **Jul 7, 2015, 4:35 PM**

Quote:

Originally Posted by mr1138

without sufficient inventory being added on the back end of the trend. I'm sure that had nothing to do with it.

Well that's because Obama took America and drove us to the brink of Greek socilalism. If the free market had been allowed to spring into action, housing would still be affordable. This is what happens when your President is anti-business and anti-capitalism. #blameobama (*thick sarcasm*)

Or... we can just blame Morgan Carroll. #blamedemocrats #liberalswhohatepoorpeople #triallawyerlovin #worstpersonintheworld (*not sarcasm*)

CherryCreek · #**4676** Posted **Jul 7, 2015, 8:38 PM**

Quote:

Originally Posted by RyanD

Lol.

“We underwrote it pretty conservatively for just north of $2 per square foot, but by the time it opens, hopefully we can $2.30 per square foot."

Because we can, right?

Also, I found this:

DMAR: June sets housing records

This just shows from the Great Recession to date. I'd be curious as to what this graph looked like 1995-2007 (or even 2000-07). What is "normalcy" for Denver between houses on market and those bought in a given month?