Feb 2 2009

Colorado Status – The Good, Bad, and The Ugly

So this weekend I come across a couple bits of information that informs me that things might be a bit bumpy.

Our state economy, as everyone knows, is at an all time low. Not only has unemployment hit a record high, in December 2008 Colorado unemployment had reached 168K unemployed (Rocky Mtn. News: http://bit.ly/20ZWzM), but Colorado might also be in the pre-stages of a boom, let me explain. CNN did a survey (http://bit.ly/Uuu05) and found that some 43% of those surveyed want to move to Denver. So the bad is I’m competing for jobs, that aren’t there, with a lot of people, the ugly is I might have to compete with people from out-of-state.  However the good, might be our home value might go up, or at least stop dropping, if there is a surge of people wanting to move here.