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SVTPerformance's Chain of Restaurants
Road Side Pub
The housing market
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<blockquote data-quote="AustinSN" data-source="post: 15854146" data-attributes="member: 159453"><p>Colorado has been like that for a while now. It does seem to be slowing down though, because of my job I see asking vs sales price on a lot of new properties and it's almost always around $10k over now as opposed to $30k over.</p><p></p><p>I had a buddy who got out of the military. He put in offers on 13 different houses all way above asking, one even as high as $75,000 over asking and was still outbid.</p><p></p><p>It's people with huge money that are coming in and buying too. Places around me are pretty much all being rented and the owners paid cash for everything. A large correction in the housing market here would absolutely demolish a lot of those people.</p></blockquote><p></p>
[QUOTE="AustinSN, post: 15854146, member: 159453"] Colorado has been like that for a while now. It does seem to be slowing down though, because of my job I see asking vs sales price on a lot of new properties and it's almost always around $10k over now as opposed to $30k over. I had a buddy who got out of the military. He put in offers on 13 different houses all way above asking, one even as high as $75,000 over asking and was still outbid. It's people with huge money that are coming in and buying too. Places around me are pretty much all being rented and the owners paid cash for everything. A large correction in the housing market here would absolutely demolish a lot of those people. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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The housing market
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