Reader: Buying a House in Denver Isn't as Good an Investment as You Think

The issue of current housing costs in the Denver area remains a hot one — and so, too, is the debate about renting versus buying. We recently posted about a RealtyTrac survey showing that renting a three-bedroom property was more affordable than paying the mortgage on one in three of...

By Michael Roberts

July 20, 2015

Help us weather the uncertain future

We know — the economic times are hard. We believe that our work of reporting on the critical stories unfolding right now is more important than ever.

We need to raise $17,000 to meet our goal by August 10. If you’re able to make a contribution of any amount, your dollars will make an immediate difference in helping ensure the future of local journalism in Denver. Thanks for reading Westword.

Contribute Now

Progress to goal

$17,000

$7,400

Audio By Carbonatix

[
          {
            "name": "GPT - Billboard - Slot Inline - Content - Labeled - No Desktop",
            "component": "23668565",
            "insertPoint": "2",
            "requiredCountToDisplay": "2"
          },{
            "name": "STN Player - Float - Mobile Only ",
            "component": "23853568",
            "insertPoint": "2",
            "requiredCountToDisplay": "2"
          },{
            "name": "Editor Picks",
            "component": "17242653",
            "insertPoint": "4",
            "requiredCountToDisplay": "1"
          },{
            "name": "Inline Links",
            "component": "18838239",
            "insertPoint": "8th",
            "startingPoint": 8,
            "requiredCountToDisplay": "7",
            "maxInsertions": 25
          },{
            "name": "GPT - 2x Rectangles Desktop, Tower on Mobile - Labeled",
            "component": "24956856",
            "insertPoint": "8th",
            "startingPoint": 8,
            "requiredCountToDisplay": "7",
            "maxInsertions": 25 
          
          },{
            "name": "Inline Links",
            "component": "18838239",
            "insertPoint": "8th",
            "startingPoint": 12,
            "requiredCountToDisplay": "11",
            "maxInsertions": 25
          },{
            "name": "GPT - Leaderboard to Tower - Slot Auto-select - Labeled",
            "component": "17676724",
            "insertPoint": "8th",
            "startingPoint": 12,
            "requiredCountToDisplay": "11",
            "maxInsertions": 25
          }
        ]

The issue of current housing costs in the Denver area remains a hot one — and so, too, is the debate about renting versus buying.

We recently posted about a RealtyTrac survey showing that renting a three-bedroom property was more affordable than paying the mortgage on one in three of five metro-Denver counties.

Plenty of readers felt this finding was hooey. But one questioned the common wisdom that buying a house is a great investment.

Here's what he had to say.

David Thead writes:

Your primary residence isn't considered an investment for tax, accounting, or financial purposes. It doesn't count towards your net worth as an investor either. It's also a bad one....

If you invested the money you saved every year from not overpaying for a home, and invested it index based funds then your money would appreciate much faster than it would in a home.

Send your story tips to the author, Michael Roberts. For more memorable takes, visit our Comment of the Day archive.

Michael Roberts began his career with Westword in 1990 as music editor. In 1999, he took on a new role, full-time media reporter, as author of a column called The Message. In 2008, he became the lead writer for Westword's news blog, The Latest Word, a position he held until January 2023. Michael continues to freelance for Westword, covering everything from business to sports and the media; he also contributes to Jazziz, a national music magazine. He holds a bachelor's degree from what is now Colorado Mesa University and master's degrees from the University of California, Los Angeles, and Northwestern University.

A message from Michael Roberts: If you value independent journalism, please consider making a contribution to support our continued coverage of essential stories and to investigate issues that matter.

Support Today