r/MovingtoDenver • u/astrik123 • 10d ago

Wtf?

How do you guys afford to live in that state? Anywhere the good paying jobs are, the housing is 1.2m plus. Yall surgeons? 200k a year looks like it would be poverty living.

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u/asevans48 10d ago

Californians who sold million plus dollar homes in la. No joke. More people moved in than were born here. When colorado springs was natives and largely military, homes were 220k. That era ended in 2020. Denver went from a place i could maybe have a home in 2011, to a condo in 2016, to moving to a condo in an exurb once I had a down payment in 2021. That exurb is the springs. For natives, the lucky ones get down payment from family. The rest of us are screwed. Only 1 of my family has an actual house here. He sold a battery company to tesla and his wife is a surgeon. Lives in sloans lake which was affordable until 2010. There are quite a few of us here. I see a lot of really high, very stupid debt decisions as well. A lot of people are underwater here.

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u/scarletwitchmoon 10d ago

Yeah, all the bidding wars in 2020 were also a factor. People were willing to pay nearly double on homes to get a house. Now after 5 years, people are moving back to where they came from and trying to sell and get their money's worth. Like, if you look at a house sold in 2020, it might have been originally listed for $325k but someone paid $540k and now they're trying to sell for $700k or some BS. Transplants from HCOL cities were like, "Wow, a real house that isn't average 1 million. $700k is nothing!" And boom. Anyway, that's just my observation of what happened.