The house is up fo sale

[MileHighGrowler]

(10-12-2021, 08:01 AM)fredtoast Wrote: I don't believe this is true at all.  I see the bubble as being created by the immense amount of money pumped into the economy.  And all of that "new wealth" has gone to the people and corporations who already had wealth/investments before the pandemic.

If no one was wanting to move then there would be fewer buyers looking for new homes.

But that's exactly why this is a regional issue, and not a commentary from me on the national housing market.  In the front range, we've had an average of 1,000 people moving here a week for the past decade+.  There are simply not enough houses available for a) new people moving to the area and b) people looking to upgrade.  And there's another factor to bear in mind here for future growth:  A decent percentage of the people moving to Colorado right now are younger, single people, moving into apartments or shared housing (2-4 roommates in a single family home).  In say 3-5 years, if they decide to start families, or want to just have more space (this was a huge desire across the country during COVID when people were stuck in their homes), the SFH market will jump even more.  I just don't see it changing.  People would have to leave the state in droves.  A mass exodus.  And with infrastructure improving, more companies moving and many other companies giving people the ability to remote work, I just don't see an exodus on that scale to turn the tide anywhere in the near future.  

There are other nuances to the local conversation (like how much harder it is now to be a landlord vs what it was even a year ago as a result of new laws), and I find it all really fascinating, but I don't want to completely hijack the thread to talk about Colorado real estate