California reports first ever yearly population decline

[DENVERPOPS]

53. That exact scenario has taken place the last forty years

with people cashing out of outrageously priced homes in Calif and moving to Denver and having a home and lifestyle like you said.

All these people with a chunk of money think nothing of paying 30-100K MORE than the asking price to buy a home in the Metro Denver Area. Currently, there are more Realtors in Denver than homes for sale..Seriously. Because Property Taxes are based on recent sales, the Property Taxes are skyrocketing with no end in sight.

I don't remember the particulars, but California faced the same thing decades ago. The old people would have to sell their house and move, because there was no way they could pay the massive increases in property Taxes. Was it Prop 13? that somewhat froze the taxes at the time you bought your home, plus a small increase every year??????

The surge in Denver Metro has accelerated, especially in Denver, just the past six-twelve months, so it will be the NEXT assessment two years from now that will be the monster increase......with the Covid added in, the tax increases will be devestating.
Good old Boulder County didn't hold back. We have a property in Boulder County, (not city) and our Assessment went up an incredible 64% in the assessment we just received a week ago......SIXTY FOUR PERCENT...........

And people wonder why Boulder is called "The Peoples Republic of Boulder"...... No longer a bunch of hippies, but an Uber expensive bedroom community for the Uber Rich who commute to Denver.......

WASF