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The housing prices in Colorado are high because of a specific reason that is soon going to end: 1) Land is available, but labor and building companies are stil
by JPKab 9y ago
The housing prices in Colorado are high because of a specific reason that is soon going to end:
1) Land is available, but labor and building companies are still not fully recovered from the 2008 bust, and this has created a sharp supply issue with new housing to accommodate the hordes of newcomers.
2) This issue is quickly on the way to being remedied, because the housing prices are high enough to produce huge profits for builders, and the national companies are quickly getting their infrastructure in place.
3) If anything, housing prices are going to retreat downward, (probably not a crash due to demand) and Amazon would help cement the decision for big building companies to devote more assets to correcting the supply issue.