We might as well just buy our graves sight's now. If you are a property owner or plan on being one in the not too distant future, you may be seeing all the negative headlines and saying to yourself, "I'll just wait and see how things shake out". The negativity, in my estimation, is more fiction than fact, particularly in Colorado. We have not seen the appreciation like the rest of the country has and because of this we still get grouped into the rest of the country- statistically. Oftentimes, perception is reality and I am willing to go on the record, we (Coloradoans) are primed to have our own "boom".
Several key indicators give me the right to be bold about my "boom" prediction. 1) job growth, it seems that several of the tech companies are hiring again, 2) commerical real estate starts, look around, everywhere you look is another "start" and many are already pre-sold or pre-leased, 3) interest rates, still ridiculously low (as of today they were in the low 6% range, a 6 month low), and 4) we live in a beautiful area with plenty of things to do. When we combine all of the factors listed above, it is just a matter of time before we have more businesses checking us out. Our economy, our business friendly state, our educated work force and the enjoyment that comes from living in a place that offers so much beauty and ample things to do for any lifestyle. Did I mention the weather? With the exception of the recent blizzard (hah, hah) the weather is actually quite mild.
We are a diamond in the rough and on the verge of becoming the only state that will not feel the pinch of the other states that have seen dramatic appreciation rates (or is it depreciation rates?). We have been humbly "plugging away" going about our business. It's our turn, the pump is being primed........
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