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On 5 Jan 2007 11:42:45 -0800, seglie@gmail.com wrote:
>Hello,
>
>I've been looking around to buy a place in the Highlands area
>(Denver, CO) for the past few months. I plan to put an offer down on a
>place in the next day or two but had a question for the experts. There
>is so much new residential construction going on in the area. I am not
>sure what to make of it. I have been looking in the townhome market and
>there are quite a few planned townhomes going in and hundreds of condo
>units going up. On one hand, I see the surrounding property value
>increasing but on the other, I am concerned about resale 2-5 years from
Ding ding ding!! If two years is even a concern, you need to rent,
not buy. The rapid increases in property value appear to be over for
a while, and if you aren't planning to be there at least five years,
you're likely to get your lunch eaten.
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Re: Putting and Offer on Townhome in Booming Area
