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Rents in Denver are going up to New York City Levels thanks to Light Rail.

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  • Member since
    March 2016
  • 1,568 posts
Rents in Denver are going up to New York City Levels thanks to Light Rail.
Posted by CandOforprogress2 on Tuesday, June 21, 2016 10:23 PM

Denver is being gentrfied and transit oreinted development is pushing out moderate to low income long time residents as Condos and RIETS are speculating on properties near the light rail and commuter rail stations-http://www.makeroomusa.org/news/ive-been-here-for-a-really-long-time-and-i-intended-to-stay/?utm_source=Newsletter&utm_medium=Email&utm_campaign=June202016&track=June202016social

 

  • Member since
    December 2001
  • From: Denver / La Junta
  • 10,820 posts
Posted by mudchicken on Wednesday, June 22, 2016 1:19 PM

Politically driven ... RTD has plenty wrong with it, but this is irrelevant. Market forces, demographic shifts, (anybody noticed the population boom? Fastest growing housing market in the country or near the top since 1990 ...2008 recession barely slowed the boom in Denver.)....the City's planners wanted this and got it, especially around the Transit Oriented Developments.  Instead of blaming RTD, maybe blame the millenials flocking here? the city? (btw - the City Planners wanted the TOD's, but their predictions about RTD ridership are considerably off to the low side. Go figure.)

Doesn't matter where in Denver one lives, rents are up (and they are not rising as fast as the value of single family homes)

Mudchicken Nothing is worth taking the risk of losing a life over. Come home tonight in the same condition that you left home this morning in. Safety begins with ME.... cinscocom-west

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