Wednesday, March 29, 2006

Recent Links

by Osman Parvez



Boulder was ranked #1 in the nation for teleworking among small metro areas according to a study by Sperling's Best Places and the Intel Corporation. The study factored in typical commuting times, fuel prices, availability of broadband Internet access and percentage of the population in telework-friendly jobs. Denver was ranked #3 for large metro areas.

Frankly, I'm not surprised - we have a home office and even so I'm amazed at the number of people who are home at mid-day during the week. Many of our friends also have jobs that allow for varying degrees of telecommuting.
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There was an interesting piece about buying historic property in Boulder. By the number of building permits issued in the Mapleton Hill area, it doesn't appear as if owners are being prevented from taking on projects. The average project size for the permits issued between 2002 and 2005 was 3,000 SQFT.

But according to Sheila Horton, director of the Boulder Rental Housing association,
"The question is not whether things are allowed to happen. The question is, how much longer did it take to get permits to do those sorts of things, and what was the increased cost that was added because of all the external controls that were added to the project?"
Having met and spoken with a number of city officials involved, we've come to the conclusion that despite having a reputation to the contrary, the city is willing to work with owners on their projects to a very reasonable extent.
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Yesterday, driving towards Denver I noticed massive smoke clouds on the horizon. Turns out we had a 1,600 acre grass fire, driven by 50 mph+ wind.
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Office rents are rising and vacancies are decreasing in Denver. Absorption was positive for the eight consecutive quarter. Another sign of continued strengthening of our local economy.
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Finally, here's an interesting opinion piece on logging in Colorado's Forests, by columnist Jonathan Mohr, a student at Poudre High School. As an avid (rabid?) outdoor enthusiast and student of the environment, I'm not a fan of most logging practices. Some of the eco-certified programs are taking steps in the right direction, but we're still a long way from sustainability.




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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. 

2 comments:

  1. Osman:

    You are too late. You should have started this blog about 4 years ago. The boom is over. Now is the time to wait and hybernate. In the next few years, real estate will become the MOST hate "investment" and this decades RTC will be formed to bail out drowning "homeowners".

    It will be easier to sell fire places in Death Valley.

    ReplyDelete
  2. Too late? Unlike other assets, everybody needs a roof over their heads.

    My personal approach to investing is to be financially conservative with a long holding period. I often recommend to clients who don't have a strategy to do the same.

    This blog is focused on matters that affect Boulder and the surrounding communities, with a real estate/development perspective.

    We're not a pump and dump blog. Most of our buyers are trying to find a home and community to raise their kids. That's what we're trying to help with.

    There's really nothing to be late to.

    ReplyDelete