SAJ-99
Well-known member
I would say Denver held up fairly well during the GFC, (but it might not have been as speculative-rich as some markets). I think a 40% or even 30% drop is almost impossible. RE charts need longer time frames for context. Even if they look over-bought, figuring out where the fair-value trend line is tough.Peak in Denver pre crisis was 06' it dropped ~10% to a low in 09'
From 2015 to 2022 it's doubled.
1YTD it's up 30%
So I guess we are arguing about what "considerably" means, I guess my point is "will Denver be affordable again?" Probably not... at least not for a while.
I can't imagine that if -10% is the 08' crash that we would dive 40 or 50% in the next couple of years? What do you think?