Readers: Rent Prices Are Sky High, and Wages Aren't Keeping Up
Dozens of readers have weighed in on a recent story, Why It's So Hard to Make a Living in Denver Despite Strong Economy. David A. posted this on Facebook:
The pay scale here isn't keeping up with the rising rents. My first apartment 10 years ago cost me $620 for a 2x1 now I'm paying $1700? I'm a native and love this state, but I'm moving away. I don't see a future in buying a house or condo here. The housing market is nuts here!
To which Alaina C. replied:
I'm not surprised of these results. Living in Denver is incredible but rent prices make it near impossible for college post-grads to pay rent and living costs and still have any money left to build a savings account.
Then Veronica S. wrote:
I have lived in Denver for about 20 years and i am so discouraged. Rent is sky high so i am trying to buy a home... Wow. The price of homes!! I just cannot believe that Denver is one of the few cities that does not have a cap on Rent. They can pretty much charge whatever they want. And dont even try to rent on a month to month basis, they will then increase your rent 2 to 3 hundred dollars. Example: I rented a 2 bedroom apt with a loft 4 years ago for 1100.00. The same place now rents for 1800.00. There no way my pay has even gone up that much in 4 years. I wish!! I have been at my job for 14 years and its a decent job, but with the cost of living in Denver, i may forced to move to another state, even though i do love it here. SO SAD & ANGRY.
Game the system: Continue reading for our recent coverage of tactics that home buyers have used to find the house of their dreams, and other housing-related stories.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Denver, delivered to your inbox Monday through Friday.