Reader: High Rent Prices Will Help Cause the Real Estate Bubble to Burst
In recent days, a December post about micro-apartments in the old Hotel VQ building renting for nearly $1,000 even though they're around 330 square feet went viral again.
Why? Likely due to reports such as this one about how quickly they're filling up despite the big bucks required to reserve such a space.
Plenty of readers shared their thoughts about the price tag for these apartments and others in the area.
This reader sees a change in the offing.
Tina Marie Fair writes:
Send your story tips to the author, Michael Roberts.
Way too expensive for such a small space. It's too bad developers are always so greedy. Since the rate increases the last few years, I know of many people who are looking at moving out of the Denver/Boulder area and possibly Colorado. The bubble will burst. The economy in Colorado will not be able to sustain the prices going on.