First, what are the characteristics that make a city rebound and revitalize?
1) Job growth potential -related to real estate value in every way.
2) A growing population
3) Good weather
4) Lots of 1st time home buyers - the most important people in market place
5) No overbuilding of condos or office spaces (not happening in Denver)
6) Vital downtowns
7) Well-educated population
8) Large number of foreclosures early - those cities that went down first usually come out first.
So Denver has all of the above characteristics: Our population grows about 2% per year. We have a huge employment base. Great weather. Very vital downtown (just go there on a Friday night). A well-educated population - due to both being a university/college town. Tons of youth and young adults. One of the biggest park systems in the nation. Endless outdoor activities for all 4 seasons. And it's one of the most affordable desired cities in the west (cheaper than all our cometitors, including Phoenix, L.A., San Diego, Las Vegas, Seatle, and Salt Lake City).
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