{"id":14728,"date":"2025-12-09T09:41:04","date_gmt":"2025-12-09T16:41:04","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=14728"},"modified":"2025-12-09T09:41:04","modified_gmt":"2025-12-09T16:41:04","slug":"denvers-real-estate-market-has-cooled-down-dramatically-and-thats-not-good-for-wyoming","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/12\/09\/denvers-real-estate-market-has-cooled-down-dramatically-and-thats-not-good-for-wyoming\/","title":{"rendered":"Denver&#8217;s Real Estate Market Has Cooled Down Dramatically And That&#8217;s Not Good For Wyoming"},"content":{"rendered":"\n<p>(Headline article below) Worth mentioning is that the ramp up of housing prices had to do with limiting new housing starts with excessive regulation around much of the country, and then retired people capitalizing on the high prices in order to move to other states for a better quality of life. Throw in the huge capital funds buying up homes for rentals with high bids creating a flurry of bidding wars, and prices accelerated much faster. And home ownership became something out of reach for the young generations if they weren&#8217;t making significant income. But we are definitely heading towards a crash which will be worse than the 2007-8 mortgage crisis, as the entire financial system is a bubble, and inflation has put so many people at risk of not sustaining their debt burdens. Throw in the circular clown funding of the tech and AI companies to prop up their stock prices, and the crash when it finally happens will be worse than the Great Depression, with one AI company already lobbying for too big to fail protections. Part of what has sustained it so far is so much retirement money in 401k accounts locked into propping up stocks and bonds, reinforced by the penalties for removing that money from the bankers control. Along with excessive money printing, the very cause of the high accumulative inflation. When the wind of lost confidence finally hits this house of cards, the collapse is going to be mighty.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"What The Hell Happened To Colorado?? I Went To Find Out.\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/U-nKgfbCXHo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/cowboystatedaily.com\/2025\/12\/07\/fewer-people-are-moving-to-denver-as-wyoming-struggles-to-keep-its-own\/\">https:\/\/cowboystatedaily.com\/2025\/12\/07\/fewer-people-ar<\/a><a href=\"https:\/\/cowboystatedaily.com\/2025\/12\/07\/fewer-people-are-moving-to-denver-as-wyoming-struggles-to-keep-its-own\/\" target=\"_blank\" rel=\"noreferrer noopener\">e<\/a><a href=\"https:\/\/cowboystatedaily.com\/2025\/12\/07\/fewer-people-are-moving-to-denver-as-wyoming-struggles-to-keep-its-own\/\">-moving-to-denver-as-wyoming-struggles-to-keep-its-own\/<\/a><\/p>\n\n\n<div class=\"wp-block-ub-divider ub_divider ub-divider-orientation-horizontal\" id=\"ub_divider_985190fb-081e-4d5e-9222-b36eeadacf22\"><div class=\"ub_divider_wrapper\" style=\"position: relative; margin-bottom: 2px; width: 100%; height: 2px; \" data-divider-alignment=\"center\"><div class=\"ub_divider_line\" style=\"border-top: 2px solid #ccc; margin-top: 2px; \"><\/div><\/div><\/div>\n\n\n<h5 class=\"wp-block-heading\">For years, Denver&#8217;s real estate market was one of the hottest in the country but that&#8217;s no longer. The Denver metro area has seen a 70% decline in net migration and that&#8217;s not good for Wyoming. \u201cWe need businesses and people to be interested in the Front Range,\u201d Cheyenne Chamber CEO Dale Steenbergen said.<\/h5>\n\n\n\n<p>By Kate Meadows<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide\"><img decoding=\"async\" src=\"https:\/\/cowboystatedaily.imgix.net\/Denver-GettyImages-146376606-12.7.25.jpg?ixlib=js-3.8.0&amp;q=75&amp;auto=format%2Ccompress\" alt=\"Denver\u2019s growth is slowing as fewer people move there, driven in part by high housing costs and changing migration trends. Wyoming hopes to benefit, but still struggles keeping young professionals from leaving the Cowboy State.\"\/><figcaption class=\"wp-element-caption\">Denver\u2019s growth is slowing as fewer people move there, driven in part by high housing costs and changing migration trends. Wyoming hopes to benefit, but still struggles keeping young professionals from leaving the Cowboy State. (Getty Images)<\/figcaption><\/figure>\n\n\n\n<p>For years, Denver seemed to draw newcomers as steadily as the Rocky Mountains cast their evening shadow. Now that&#8217;s dropping off dramatically, slowed by steep housing prices and shifting migration patterns.<\/p>\n\n\n\n<p>Wyoming leaders see an opening in the slowdown just south of the border, yet the state remains caught in its own long-running struggle with too many residents leaving and too few young, well-paid workers choosing to put down roots.<\/p>\n\n\n\n<p>Two recent studies paint a similar picture of the Denver metro area: People don\u2019t want to move there.<\/p>\n\n\n\n<p>According to numbers produced by MoveBuddha, a technology company that builds tools to help people relocate, people are about 48% less likely to move to Denver now than they were before 2019.<\/p>\n\n\n\n<p>In another study, released by the right-leaning Common Sense Institute of Colorado and spanning from 2015 to the present, the Denver Metro area has seen a 69.6% decline in net migration since 2015.<\/p>\n\n\n\n<p>Net migration is the number of people moving into the state minus the people moving out of state.<\/p>\n\n\n\n<p>Those statistics are not necessarily exciting for Colorado\u2019s northern neighbor, whose outmigration rate is statistically the worst in the country.<\/p>\n\n\n\n<p>\u201cWhile that may be true about Denver and parts of Colorado, Wyoming\u2019s workforce-age outmigration rate is double the national average \u2014 worst in the country,\u201d said Ron Guilberg, Strategic Partnerships Director for the Wyoming Business Council, in an email.<\/p>\n\n\n\n<p>\u201cDenver, and other metro markets such as Salt Lake City and Houston, are big draws for our higher-education and skilled workers. So, the only way Wyoming can benefit from what\u2019s in this report is to create good jobs, address infrastructure needs, attract businesses and curtail regulatory barriers such as housing development.&#8221;<\/p>\n\n\n\n<p>Dale Steenbergen, President and CEO of the Greater Cheyenne Chamber of Commerce, agrees that Denver\u2019s current net migration statistic is not necessarily good for Wyoming.<\/p>\n\n\n\n<p>\u201cA lot of Wyomingites will say, \u2018I told you so,\u2019\u201d Steenbergen said. After all, it\u2019s no secret that Denver\u2019s population exploded over the past few decades and its politics grew more progressive.&nbsp;<\/p>\n\n\n\n<p>While the numbers from the two reports basically agree with the numbers the Cheyenne Chamber is seeing, Wyoming is the No. 1 state for young people to leave, Steenbergen said. He told Cowboy State Daily that attracting and retaining young professionals is one of the biggest challenges the state faces.<\/p>\n\n\n\n<p>\u201cWe need businesses and people to be interested in the Front Range,\u201d he said. \u201cWe\u2019re not growing. We\u2019re getting older and it\u2019s a big problem for us that we have to work on.\u201d&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide\"><img decoding=\"async\" src=\"https:\/\/cowboystatedaily.imgix.net\/Denver-GettyImages-2002719542-3.5.25.jpg?ixlib=js-3.8.0&amp;q=75&amp;auto=format%2Ccompress\" alt=\"Denver Getty Images 2002719542 3 5 25\"\/><figcaption class=\"wp-element-caption\">(Getty Images)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Wyoming Strengths<\/strong><\/h2>\n\n\n\n<p>On the bright side, Wyoming is attractive to small business owners for its zero-income tax, reasonable regulations and friendly small business environment, Steenbergen said.<\/p>\n\n\n\n<p>Wenlin Liu, chief economist at the Wyoming Economic Analysis Division, agreed. New businesses are fast increasing across the state, he said, as evidenced by an increase in the state\u2019s general fund due in part to new business registration fees.<\/p>\n\n\n\n<p>\u201cWyoming\u2019s migration has always been driven by employment,\u201d Liu said. \u201cFor Wyoming\u2019s migration, I always feel like we can attract people who love open spaces \u2013 fishing, hunting, hiking.\u201d<\/p>\n\n\n\n<p>John Baggett grew up in Wyoming and moved to Denver in 1988. Back then, Denver was a \u201cgreat big cow town,\u201d he told Cowboy State Daily.&nbsp;<\/p>\n\n\n\n<p>He and his wife, Deb, lived in Denver for 32 years, working solid careers and raising kids there. They lived in the same house for 30 years.<\/p>\n\n\n\n<p>\u201cOur boys didn\u2019t know any other place,\u201d he said.<\/p>\n\n\n\n<p>But increasing traffic coupled with Baggett\u2019s dream lifestyle (\u201cI\u2019m 64 and still want to grow up to be a cowboy,\u201d he said) made him \u201cdesperate to move out\u201d six years ago. He and his wife returned to his hometown of Sheridan in 2019.<\/p>\n\n\n\n<p>\u201cThat lifestyle I\u2019ve always been fond of \u2014 Denver went the other way from that,\u201d Baggett said.<\/p>\n\n\n\n<p>Liu told Cowboy State Daily he believes that Denver\u2019s biggest growth-related challenge is housing prices. According to one realtor.com study, 90% more homes are on the market in Denver than before the COVID-19 pandemic.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide\"><img decoding=\"async\" src=\"https:\/\/cowboystatedaily.imgix.net\/Denver-GettyImages-1179434642-12.7.25.jpg?ixlib=js-3.8.0&amp;q=75&amp;auto=format%2Ccompress\" alt=\"Denver\u2019s growth is slowing as fewer people move there, driven in part by high housing costs and changing migration trends. Wyoming hopes to benefit, but still struggles keeping young professionals from leaving the Cowboy State.\"\/><figcaption class=\"wp-element-caption\">Denver\u2019s growth is slowing as fewer people move there, driven in part by high housing costs and changing migration trends. Wyoming hopes to benefit, but still struggles keeping young professionals from leaving the Cowboy State. (Getty Images)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Traffic Vs. Amenities<\/strong><\/h2>\n\n\n\n<p>For John Baggett, the Denver of the 1980s is long gone. As traffic increased there over the years, he would tell his friends visiting from Wyoming to park in Broomfield, a suburb about 18 miles north of the city. He would pick them up so they wouldn\u2019t have to drive in traffic.<\/p>\n\n\n\n<p>\u201cWatching that growth and that change and some of the things that came with it \u2026 clashed with who I am,\u201d he said.<\/p>\n\n\n\n<p>The Baggetts sold their house in Denver at the peak of property values there. Baggett\u2019s wife, Deb, who grew up in Cincinnati, wasn\u2019t entirely eager to move to Sheridan at first. But now she has a few horses and \u201cloves the lifestyle,\u201d he said.<\/p>\n\n\n\n<p>Still, there is a lot about Denver that Baggett says he misses \u2014 like being so close to the Broncos, the lively music scene at Red Rocks, the charm of the cowboy boots and cowboy hits among the skyscrapers back in the \u201880s.<\/p>\n\n\n\n<p>Across state lines, \u201cWe know the thing that\u2019s driving people right now is economy,\u201d said Steenbergen.<\/p>\n\n\n\n<p>Added Guilberg, \u201cIt&#8217;s a chicken-and-egg problem.&nbsp;<\/p>\n\n\n\n<p>\u201cYou&#8217;ll notice that the survey cites the hot markets for in-migration right now are college towns not too far from metropolitan areas. These are our competitors,&#8221; he said.<\/p>\n\n\n\n<p>Are people moving to Wyoming from Denver? Yes. Colorado is second only to California in highest net migration to Wyoming, according to Liu.&nbsp;<\/p>\n\n\n\n<p>\u201cIt could be opportunity,\u201d Steenbergen said.&nbsp;<\/p>\n\n\n\n<p>Wyoming needs help, he said, especially in the tech sector.&nbsp;<\/p>\n\n\n\n<p>But offering a paycheck worth the move is key.<\/p>\n\n\n\n<p>\u201cI think the big challenge right now is, if you poll folks coming out of college, their No. 1 interest is how big their paycheck is,\u201d he said. \u201cTen years ago, if you asked the same question, the No. 1 answer would be quality of life. When the paycheck is the No. 1 interest, Wyoming has a hard time competing.<\/p>\n\n\n\n<p>\u201cThe question is, what are we going to do with payroll and quality of life to entice them to come here?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Headline article below) Worth mentioning is that the ramp up of housing prices had to do with limiting new housing starts with excessive regulation around much of the country, and then retired people capitalizing on the high prices in order to move to other states for a better quality of life. Throw in the huge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,31],"tags":[],"class_list":["post-14728","post","type-post","status-publish","format-standard","hentry","category-world","category-wyoming"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=14728"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14728\/revisions"}],"predecessor-version":[{"id":14729,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/14728\/revisions\/14729"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=14728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=14728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=14728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}