Wow; How cool is this?
Who doesn't like a Cool Downtown - with skyscrapers and a 24-7 vibrant life?
And new neighborhoods like Denver Unions Station, Riverfront Park, RiNo etc etc
Following the Great Recession everything changed
We've become a renter-nation (for reasons) and those with access to all the capital use Algorithms and Internal Rates of Return analysis when deciding what and where to build. Downtown Denver has been this cycles beneficiary of this and that's worth celebrating.
It's been an ongoing tech-driven and overall economic growth that has enabled renters to pay increasing rents which has enabled developers to continue building even with escalating costs of construction. That's why downtown continues to grow.
For now, the continued tech migration to the cloud, the ongoing growth in IoT and AI should continue to power the economy. I'm seeing some tech mergers and consolidation; at some point the curve will flatten; someday the party will peter out. Perhaps a protracted recession will be the result and bring down the cost of living. I wouldn't hold your breath for that happening anytime soon however.
BREAKING: Denver builds thousands of Entry Level housing
I'll ballpark guess that 60% of the new apartments built downtown are today's version of entry level housing; maybe 10-15% are designated affordable and the balance go upscale from there.
Back in their day neighborhoods like Virginia Vale, Virginia Village and University Hills were developed to provide affordable 'starter' homes. Many nearby neighborhoods offered 'move-up' housing that was still reasonably affordable.
Those neighborhoods still exist as do the neighborhoods of Berkeley, Sunnyside, Chaffee Park, Sun Valley, Val Verde, Barnum, Westwood, Mar Lee, Harvey Park, Overland, South Platte, College View, South, Rosedale, Holly Hills, Bible Park, Goldsmith, Indian Creek, Hampden, Hampden Heights, Dayton Triangle, Windsor, East Colfax, Montclair, South Park Hill, North Park Hill, Park Hill, Northeast Park Hill and more that provide a great variety of choices.
Maybe instead of claiming that the glass is empty consider recognizing that the glass is at least half full and taking advantage of that?