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OfflineLearyfanS
It's the psychedelic movement!
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The pot effect on Denver's housing market
    #21770011 - 06/06/15 11:08 AM (8 years, 7 months ago)

Hmm, I hadn't considered the impact legalized marijuana would have on real estate prices.  Interesting.  Wonder if you should buy property in Oregon and Alaska right now.  Or better yet, in states that will legalize in 2016 like California.





Quote:

The pot effect on Denver's housing market

Denver's housing market is on fire.

Home prices have shot up by double-digits, inventory has fallen dramatically and multiple offers with bidding wars have become common.

One factor driving the demand: pot. The budding industry has impacted home prices since the state legalized marijuana in 2012.

"There has been a huge bump in real estate prices due to the legalization of marijuana," according to James Paine, managing partner at West Realty Advisors. "It's massively pushed up raw land and industry prices."

In March, Denver experienced the second-largest jump in annual home prices at 10%, just behind San Francisco, according to the S&P/Case-Shiller Home Price Index.

Related: House hunting horror stories

While the legalization of marijuana isn't the only thing driving the market, it has contributed to job growth in the area that has people flocking to Denver.

"The pot industry is creating jobs we didn't have before," said Kelly Moye, a Re/Max real estate agent who has worked in the Denver area for 24 years. "It's brand new, it adds a whole new factor to the area; you have real estate needs, housing needs, job needs."

The industry has created jobs beyond growers and dispensaries. Legal marijuana has also been a boon for existing businesses like security and HVAC companies who service the new "green" businesses. "Electricians have grown from mom and pops to big-time electric companies," said J.P. Speers, an agent at ‎Berkshire Hathaway Home Services.

Denver and its surrounding areas have also become a hot spot for the tech industry, adding to the job rush.

"It's fairly affordable, at least for now," said Moye. "The quality of life is great and employers are bringing their employees here."
marijuana store

Related: Why your rent check just keeps going up

But it's difficult to pinpoint exactly what enticed a person to move to the state. "A lot of them try to hide it," said Speers, who has worked with clients moving to the state because of legalization. "They don't necessarily say they are coming out to be part of the marijuana industry."

He said he helped find a rental unit for a mom coming from out of state to access medicinal marijuana for her daughter.

He's also seen an increase in lease-to-purchase or home rentals for tenants looking to start growing operations. "They are not necessarily legal operations either," he said.

While the new law might be creating more jobs and adding to the housing market's strength, it can sometimes work against sellers. "I had a lot of trouble selling one property because one of the neighbors was growing so much that buyers were concerned," said Speers.

Related: World's hottest luxury housing markets

First-time buyers and anyone looking for a home at the lower-end of the market face stiff competition. "There are a lot of first-time buyers," said Toby Waters, a real estate agent with Vision Denver Homes. "The rental market is insane, you can save money by buying a house."

Inventory has been tight in the city. In a normal market, Denver typically has around 24,000 listings, according to Moye. But right now, she said there are only around 4,000.

But there is the nagging question of just how long the real estate buzz will last.

Moye said the market has room to run for five to seven years barring any major economic disasters.

If more states legalize marijuana, that could also take away some of the state's luster. "We are going to continue to see an increase in population growth based on marijuana until other states start picking up recreational laws," said Speers.


(http://money.cnn.com)


















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Offlinedwnlw2slw
METANOIA


Registered: 12/20/13
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Re: The pot effect on Denver's housing market [Re: Learyfan] * 1
    #21770227 - 06/06/15 12:08 PM (8 years, 7 months ago)

This sucks, I thought I was alone in my wish to move to a legal mary state. What happened? I thought people were supposed to be fleeing away from the *dun dun dunnnnnn* REEFER MADNESS!!!

Now that quite the opposite has happened and reefer has stimulated the housing market, I'm never gonna be able to move there!:mad2::sad:


--------------------
"Music is liquid architecture; architecture is frozen music." -Johann Wolfgang Goethe

"Slow is the experience of all deep fountains: long have they to wait until they know what has fallen into their depths." -Nietzsche

My avatar is called "Inner Sanctum" by Luke Brown.


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OfflineLearyfanS
It's the psychedelic movement!
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Registered: 04/20/01
Posts: 34,086
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Re: The pot effect on Denver's housing market [Re: dwnlw2slw]
    #21770258 - 06/06/15 12:17 PM (8 years, 7 months ago)

Well the article also predicts that the upsurge in value may top off soon, as more states legalize. 

















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Mp3 of the month:  The Apple-Glass Cyndrome - Someday



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Invisiblepassifloracaerulea
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Registered: 11/13/10
Posts: 10,485
Re: The pot effect on Denver's housing market [Re: Learyfan] * 1
    #21770742 - 06/06/15 02:40 PM (8 years, 7 months ago)

Fuck yeah! I own two properties and was considering possibly selling my property near the coast. It's in the forest, private, beautiful cottage style house, Perfect for outdoor grows and greenhouses, year round full flowing private spring water, borders a designated wilderness and old growth at spring... I thought I was gonna lose money and so haven't sold. I'm also considering using it as a getaway, but I'm happier living out of the back of my truck and going new places when I want to get away.


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Registered: 10/29/12
Posts: 17,397
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Re: The pot effect on Denver's housing market [Re: dwnlw2slw]
    #21771013 - 06/06/15 03:59 PM (8 years, 7 months ago)

Quote:

dwnlw2slw said:
This sucks, I thought I was alone in my wish to move to a legal mary state.




Are you retarded?
You actually believed you were the only person who wanted to move to a legal state?
There's a significant influx to legalized states consisting of everything from idiot stoners (you) to workers in the newly-forming weed industry to entrepreneurs and business people.

Of course now is going to be a difficult time to find housing in Colorado. It's getting difficult in the larger areas of Oregon and trickling down to the more remote areas as well.
I don't know about Washington state, but I assume a similar occurrence for them as well. Wait until it stabilizes and wait until you can take a sustainable career opportunity.


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Invisiblemisterogerz


Registered: 06/07/02
Posts: 1,433
Loc: Gulf Coast
Re: The pot effect on Denver's housing market [Re: something super extreme] * 1
    #21771073 - 06/06/15 04:23 PM (8 years, 7 months ago)

Quote:

sVs said:
wait until you can take a sustainable career opportunity.



Yes, wait until they stop discriminating against people that are not 100% alcoholic or otherwise. To what ever degree that may be one can be far more of a functioning cannabis consumer than alcohol consumer if they are separate. :zoidberg:


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Re: The pot effect on Denver's housing market [Re: misterogerz] * 1
    #21771078 - 06/06/15 04:25 PM (8 years, 7 months ago)

That has virtually nothing to do with anything.


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Invisiblemisterogerz


Registered: 06/07/02
Posts: 1,433
Loc: Gulf Coast
Re: The pot effect on Denver's housing market [Re: something super extreme] * 2
    #21771105 - 06/06/15 04:36 PM (8 years, 7 months ago)

piss tests, alcoholics get a pass for everything, people seem to even overlook alcoholics getting welfare and all that crap and focus on the devil weed and crack and stuff only :ganja:


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Re: The pot effect on Denver's housing market [Re: misterogerz] * 2
    #21771122 - 06/06/15 04:44 PM (8 years, 7 months ago)

You could just always not smoke weed when you know you have a pending urinalysis.
Pretty revolutionary stuff I'm proposing here, I know.


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Invisiblemisterogerz


Registered: 06/07/02
Posts: 1,433
Loc: Gulf Coast
Re: The pot effect on Denver's housing market [Re: something super extreme] * 1
    #21771155 - 06/06/15 05:02 PM (8 years, 7 months ago)

Doesn't always work that way, sometimes they do randoms and still sucks to not be as acceptable as beer or wine. However, the mood is changing as it's being proven to have legitimate medical uses and things unlike alcohol other than external cleansing.


Edited by misterogerz (06/06/15 05:12 PM)


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Invisiblenatzyshroomer
Star gazer


Registered: 12/01/12
Posts: 405
Re: The pot effect on Denver's housing market [Re: misterogerz] * 1
    #21771565 - 06/06/15 07:14 PM (8 years, 7 months ago)

Storage units have gone from $8 a square foot to $20-$30 sqft


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All submitted posts are by Someone Who Isn't Me and in any event are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit


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InvisiblezZZz
jesus
I'm a teapot User Gallery

Registered: 12/28/07
Posts: 33,478
Re: The pot effect on Denver's housing market [Re: Learyfan] * 1
    #21771748 - 06/06/15 08:07 PM (8 years, 7 months ago)

All from a little plant :lmao:


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Offlinemy3rdeye
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Registered: 08/10/12
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Re: The pot effect on Denver's housing market [Re: zZZz]
    #21772354 - 06/06/15 11:01 PM (8 years, 7 months ago)

He's also seen an increase in lease-to-purchase or home rentals for tenants looking to start growing operations. "They are not necessarily legal operations either," he said.
-----

Well perfect place to do something about it. Ban growing in residences, i guess you can let med pot fakers or whatever do it since they are so broke and whiny. But commercial pot production should not be done in a house.
I am hoping when it happens here that Vancouvers prices go down as 1 in 4 houses is a grow op. Legalization and forcing growing into commercial buildings is one of the selling points. It's a good thing.
Anyway I saw a thousand watt HPS explode and start fire, supposedly electrician wired too. It's not safe unless you are there for 12 hours every day.


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Invisiblegreencrush420
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Registered: 04/14/13
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Re: The pot effect on Denver's housing market [Re: Learyfan] * 1
    #21772568 - 06/07/15 12:32 AM (8 years, 7 months ago)

I nearly bought a house here, and then backed out last second because the lot was so small. The back yard was a freaking postage stamp, and where I came from a few acres is the norm. Maybe I made a mistake. :lol: Who knew the market was so strong? Of course, I am in Colorado Springs, not Denver...


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InvisibleImperfect Iam
^means imperfect,not I'm perfect
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Registered: 03/05/13
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Re: The pot effect on Denver's housing market [Re: my3rdeye]
    #21772591 - 06/07/15 12:49 AM (8 years, 7 months ago)

Why would it make it any safer being there for 12 hours a day?

Plants grown in the vegetative state need 18 I think is the least, and lots of people run them 24 hours a day, 7 days a week


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All you touch, and all you see, is all your life will ever be- Pink Floyd

Life is what happens while you're busy making other plans- John Lennon


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Offlinedelwel69
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Registered: 01/27/15
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Re: The pot effect on Denver's housing market [Re: something super extreme]
    #21772775 - 06/07/15 03:35 AM (8 years, 7 months ago)

Quote:

sVs said:
You could just always not smoke weed when you know you have a pending urinalysis.
Pretty revolutionary stuff I'm proposing here, I know.



yeah not sure of when  urinalysis is ? you better plan long term  pot can stay in your system 30-60 days. yes 60 seems long but i have seen it happen


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Offlinepineapple3

Registered: 03/29/15
Posts: 547
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Re: The pot effect on Denver's housing market [Re: greencrush420]
    #21772784 - 06/07/15 03:44 AM (8 years, 7 months ago)

Quote:

greencrush420 said:
I nearly bought a house here, and then backed out last second because the lot was so small. The back yard was a freaking postage stamp, and where I came from a few acres is the norm. Maybe I made a mistake. :lol: Who knew the market was so strong? Of course, I am in Colorado Springs, not Denver...




What is it like to live in America?, looking up Colorado Springs images, and wow its looks beautiful. So vast and open too.


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OfflineAEL1911
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Re: The pot effect on Denver's housing market [Re: pineapple3]
    #21772902 - 06/07/15 05:33 AM (8 years, 7 months ago)

So many areas of CA have inflated housing prices to begin with.  Wouldn't you have to almost devote a bedroom to a grow op to keep up with the mortgage payments/rent?

Every aspect of the economy benefits in legalized, medicinal and black market states from that green plant.  Haven't you thought about it or at least seen The Union?  Now which category of state you choose to live in will depend on how much you want it to benefit you.


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Invisiblegreencrush420
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Re: The pot effect on Denver's housing market [Re: pineapple3]
    #21772968 - 06/07/15 06:28 AM (8 years, 7 months ago)

It is definitely open, that's for sure. It's also very dry here. I'm from West Virginia originally, so I am used to being surrounded by mountains, forests, and lakes/rivers. I had no idea how barren Colorado is before I moved here. I would definitely say that the East coast is the nicer part of America, particularly the South. Maybe the West coast is the same; I haven't been that far west yet.


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OfflineAll We Perceive
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Re: The pot effect on Denver's housing market [Re: greencrush420]
    #21773425 - 06/07/15 10:07 AM (8 years, 7 months ago)

I am skeptical that it will last.  Denver schools tend to be mediocre and all the interesting stuff to do is clustered in the downtown/uptown areas (a relatively small area of the city), which is why housing is so ridiculously expensive there.  With poor public transit from the burbs to downtown, I just don't see people staying interested in the outlying areas.  Plus, traffic continues to get worse and I think the author over-exaggerates the tech firms' interest in the city.  If anything, they seem to be more interested in Boulder.  It's pretty clear that no one was planning for the city to explode like this.  I love Denver because I can live relatively close to downtown and live on my own with no children.  If that changed, I would consider moving.  Having to live deep in the burbs to afford a family place with lackluster schools would blow.


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"plus they atually think jambands are good or sumthing, so they clearly know absolutely nothing about music, clearly lol" -Bassfreak


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InvisibleImperfect Iam
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Re: The pot effect on Denver's housing market [Re: All We Perceive]
    #21773512 - 06/07/15 10:32 AM (8 years, 7 months ago)

Damn, do you not give a fuck about the weed being legal? I think it would be awesome for this to happen where I live, but I don't see it happening soon, but even if it did medically, I still would not be able to smoke it, cause of random drug tests at work, this is something that needs to be fixed to where it's a testing similar to alcohol, but if you legitly get it medically, I don't see why it's not allowed on the job.

Any meds I am prescribed I totally get away with taking them at work, and this medicine is klonopin,and oxycodone IR, which I beleive I could totally quit taking them if I just could smoke weed again


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All you touch, and all you see, is all your life will ever be- Pink Floyd

Life is what happens while you're busy making other plans- John Lennon


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OfflineAll We Perceive
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Re: The pot effect on Denver's housing market [Re: Imperfect Iam]
    #21773651 - 06/07/15 11:13 AM (8 years, 7 months ago)

Other states are on the brink of legalization so that should be less of a factor going forward.  In large part, the overall libertarian vibe of Colorado attracts people to it.  That vibe is spreading throughout the country which I feel will dilute the libertarian uniqueness of Colorado, especially as other states legalize.  I've seen a lot of people move to Colorado and then move back.  I'd say a large percentage are here for a temporary party and then will move somewhere else and many are buying with the intention to unload in 3-4 years and move somewhere else.  If that's true, the buying market is going to be great in 3-5 years.  Colorado does not currently have the infrastructure (crazy ski traffic anyone??) to support such a wide exodus out of other states into it and I think that will ultimately cap the markets.  Oil and gas has also slowed, which is huge in Colorado, which will obviously effect the market.  Not to mention, wages remain stagnant in the Denver metro area and outside of Denver they are even worse.  I dunno, I'm no expert but I don't think this crazy boom is sustainable.


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"plus they atually think jambands are good or sumthing, so they clearly know absolutely nothing about music, clearly lol" -Bassfreak


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Offlinedwnlw2slw
METANOIA


Registered: 12/20/13
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Re: The pot effect on Denver's housing market [Re: something super extreme] * 1
    #21775761 - 06/07/15 07:59 PM (8 years, 7 months ago)

Quote:

sVs said:
Quote:

dwnlw2slw said:
This sucks, I thought I was alone in my wish to move to a legal mary state.




Are you retarded?
You actually believed you were the only person who wanted to move to a legal state?



No. It was sarcasm, which I thought would have been obvious in light of the next sentence, which was also sarcasm. But the question, "You actually believed..." would have been sufficient, but then you go on calling me an "idiot stoner" as if you could judge me as that from a single statement that you misinterpreted.

Please kill yourself as soon as possible.


--------------------
"Music is liquid architecture; architecture is frozen music." -Johann Wolfgang Goethe

"Slow is the experience of all deep fountains: long have they to wait until they know what has fallen into their depths." -Nietzsche

My avatar is called "Inner Sanctum" by Luke Brown.


Edited by dwnlw2slw (06/07/15 08:05 PM)


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Offlinedwnlw2slw
METANOIA


Registered: 12/20/13
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Re: The pot effect on Denver's housing market [Re: something super extreme] * 1
    #21775853 - 06/07/15 08:18 PM (8 years, 7 months ago)

Also, let's say hypothetically that it was a sincere statement that I thought I was alone in my wish to move to a legal state. I would be revealing that I now realize that I was wrong. It takes courage for people to admit that they were wrong and people go around saying that they knew it (the truth) all along, whether they knew or not, because of people like you.

Good luck being a guy who eagerly jumps at any opportunity to put others down and make himself seem somehow smarter or better. Even though this attempt didn't quite work out, I'm sure if you just keep plugging away that your struggles will bare fruit.

And please kill yourself. This time I am being sincere. Please. Really...do it. Please be a good person and help rid the world of those who seek to boost themselves by preying on and exploiting the weak.


--------------------
"Music is liquid architecture; architecture is frozen music." -Johann Wolfgang Goethe

"Slow is the experience of all deep fountains: long have they to wait until they know what has fallen into their depths." -Nietzsche

My avatar is called "Inner Sanctum" by Luke Brown.


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InvisibleImperfect Iam
^means imperfect,not I'm perfect
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Registered: 03/05/13
Posts: 7,237
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Re: The pot effect on Denver's housing market [Re: dwnlw2slw]
    #21775979 - 06/07/15 08:43 PM (8 years, 7 months ago)

Ahh man, let it go, you r letting him get to you to much, and yes, it does take courage to admit one was wrong, who cares either way!:grin:


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All you touch, and all you see, is all your life will ever be- Pink Floyd

Life is what happens while you're busy making other plans- John Lennon


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OfflineRictus
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Re: The pot effect on Denver's housing market [Re: Imperfect Iam]
    #21777141 - 06/08/15 02:48 AM (8 years, 7 months ago)

Hi all,
I am new here. Saw this on the topics board. The housing market seems inflated a good 10-20% there. Everyone knows now is the time to move to Oregon and swarm the shit out of it to make everyone that's currently there leave ;P


Edited by Rictus (06/08/15 02:50 AM)


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Invisiblenatzyshroomer
Star gazer


Registered: 12/01/12
Posts: 405
Re: The pot effect on Denver's housing market [Re: Rictus]
    #21796328 - 06/12/15 08:01 AM (8 years, 7 months ago)

when to sell my house ? now THAT is the question


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All submitted posts are by Someone Who Isn't Me and in any event are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit


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OfflineCoincidentiaoppositorum
deep psychedelic
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Re: The pot effect on Denver's housing market [Re: natzyshroomer] * 2
    #21796402 - 06/12/15 08:30 AM (8 years, 7 months ago)

Poor public transit from downtown to the suburbs? That's insane, buses run every 15 minutes and will take you from downtown to anywhere in the frontrange, plus they just built the new lightrail that goes from Denver to golden.

RTD is one of the better transit systems, I never drive anywhere because the buses and lightrail can take you any where for pocket change and they run often and consistantly.

I love it here, ive lived here since childhood, well between here and the bay area California, and I still think this place is amazing. There's the city which has everything a city should have, then a short distance away you can get out into the beauty of nature, its the perfect blend of city life and nature. Plus the people out here are really tolerant of one another, you can be whet ever kind of a freak you want and I'm sure you will find an affinity group out here.

Colorado has always been welcoming to "hippies"...hell, hunter S. Thompson once ran for sheriff of aspen and had a home at woody-creek. "Drop-city" one of the first hippie communes was in Colorado, nick sand and Tim scully once had LSD labs set up in the mountians and by the Denver zoo. Neal cassady was from Denver, and Neal, jack kerouac, Allen Ginsburg, and so on all have connections to this city....Allen Ginsburg and Chögyam Trungpa even started naropa university in boulder which is an amazing Buddhist inspired college...I went to "Jefferson county open school" which was an alternitive school run by hippie type folks, there was no dress code, couches in the class-rooms, you called the teachers by their first names, there was no grades, and cross country trips were common, a truley unique way to learn....
Colorado is an amazing place for hip people.

The influx of people moving in due to legal marijuana doesn't bother me, I still have cheap housing, and cheap housing is all over the place, seriously most parts of lakewood are a 10 minute drive from downtown, and there's plenty of cheap housingbin lakewood.

...though they are building TONS of these high-end housing complexes all over the place....

-E. Borodin


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