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How Much More Can Real Estate Prices Rise In Glenwood?

by freematt Online Now Mar 12, 2004 at 8:40 PM

In 1985 you could have bought a nice 3 bedroom house in Glenwood for about100,000; today that house is probably worth300,000. Buildable land is getting pretty scarce in the narrow valleys below the beautiful mountains. Will it all become one large upscale community from Aspen to Vail to Grand Junction? Mat

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  • DocJules's Profile Photo

    Re: How Much More Can Real Estate Prices Rise In Glenwood?

    by DocJules Online Now Mar 13, 2004 at 3:51 AM

    You think you've got problems. We live in an area of England where house prices have doubled in three years. None of the youngsters can afford to buy their first homes anymore and prices are continuing to rise, by about 8% per month.

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  • Re: Re: How Much More Can Real Estate Prices Rise In Glenwood?

    by freematt Online Now Apr 2, 2004 at 1:56 PM

    Your dilemma is much like what I have experienced in California in the late 1980's. The solution many people there chose was to have at least two people with sufficient incomes (a husband & wife?) to pay the large mortgage and then hope like hell that the price would rise quickly so you could get out again while realizing a capital gain on the equity. Then you take your money and do it over again or move to a place with lower prices and a good chance of substantial rises you can also get gains on. Pretty soon it's time to retire and you have "house wealth" to enjoy in your final years. Unfortunately all this depends on rapidly rising prices. Let's hope we don't suffer a Japanese style "deflation" which would see prices decline while your mortgage stays the same!

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  • GlacierJames's Profile Photo

    Affordable Mountain Living within an hour from Denver

    by GlacierJames Online Now Apr 11, 2004 at 10:20 PM

    There are a lot of properties for sale within reason up Fall River Road outside of Idaho Springs and up at St Mary's Glacier, and Alice. www.stmarysglacier.com High Altitude Living!!!

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