8th Most Expensive City? Not Really
by Osman Parvez
The Daily Camera and Rocky Mountain News are reporting on a new study put out by the publishers of the Economist placing Denver as the 8th most expensive city in the United States. That’s ahead of Boston if you exclude housing
Huh??
Housing represents a big chunk of a typical family budget and excluding it makes this survey meaningless. I think these type of surveys should factor in the cost of housing and transportation for neighboring suburbs as well as the main city. In many areas surrounding Denver, for example areas within a 30 minute commute, 3BR starter homes can be purchased for about $300,000 (Broomfield median YTD $271K, Lafayette median YTD $315K). Try that in Boston, a city ranked as less expensive than Denver and where I lived for a short time. The cost of housing in Boston, Cambridge, Medford, Somerville, Arlington, and Newton (even a few years ago) was eye popping.
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—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
8th Most Expensive City? Not Really
by Osman Parvez
The Daily Camera and Rocky Mountain News are reporting on a new study put out by the publishers of the Economist placing Denver as the 8th most expensive city in the United States. That’s ahead of Boston if you exclude housing
Huh??
Housing represents a big chunk of a typical family budget and excluding it makes this survey meaningless. I think these type of surveys should factor in the cost of housing and transportation for neighboring suburbs as well as the main city. In many areas surrounding Denver, for example areas within a 30 minute commute, 3BR starter homes can be purchased for about $300,000 (Broomfield median YTD $271K, Lafayette median YTD $315K). Try that in Boston, a city ranked as less expensive than Denver and where I lived for a short time. The cost of housing in Boston, Cambridge, Medford, Somerville, Arlington, and Newton (even a few years ago) was eye popping.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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