All Forum Posts by: Danny Grey

It seems the government may be a big disruptor.  It could change the way properties are financed,  leased, renovated and more.  You can expect a proliferation of rent control, increase in section 8 type assistance, longer evictions or even permanent landlord non-renewal moratoriums.  (They already have this in EU.  My parents had a renter that was paying 50 cents a month (!), but they were not allowed to set a market rent, nor terminate for 20+ years.  This is despite the house being owner occupied. The house and renter were inherited.  The only way my parents were able to recover that part of their house was when the renter finally passed away.)

And long time Denverites are moving to the mountains because Denver is getting crowded!  

@Will Fraser Telluride is a dead-end for 2 reasons. First is geographical because Telluride is a box canyon. There is only one road in or out and land is very limited and very expensive. Secondly the community is being destroyed by the ultra rich buying up all the housing as 2nd homes and leaving those houses vacant for most of the year, add to that any "affordable" condos ($600k+ 1 bed 1 bath) are being used for short term rentals. The locals are all being pushed put of town with the nearest next towns being 45mins + drive and longer and more dangerous in the winters.

With this years covid changes the number of ultra rich buying up what property is left has skyrocketed. Telluride is facing a turning point where average people simply cannot afford to live here and soon there won't be anyone left to run the cafes, restaurants, ski shops etc. Ive worked for a successful business here for 20 years. We pay better than anyone else in our field and we can't find enough employees because they can't find housing. Several long time business here have recently closed because rents are way too high and they can't find employees.

If you are wanting to move your family here expect to pay $2million for a fixer upper that needs a million dollar rehab. Or if you can find a rental house big enough for a family expect $7k+ a month. If youre willing to squeeze into a 2 bed condo about $3k a month would be a great deal

@Account Closed I don't know what to make of these lists. North Charleston often ranks really high on them, which is justified. The statistics are legit. However, North Charleston is the best investing in the Charleston area. I also live in North Charleston and have never experienced any more crime here than any other part of town I've lived in the greater Charleston area. North Charleston is the 3rd largest city in SC. It's much bigger than Charleston proper. We have to keep in mind that most of these cities are also the urban centers for these states, which are just inherently going to have more crime. They also tend to have the strongest economies and best market conditions for investing. I think it's more so a matter of what neighborhoods within these cities to be cautious of.

@Danny Grey

Hey Danny. I hear what you’re saying, but the tax incentives have always been there to film elsewhere. I lived and worked in Atlanta for 3yrs before moving to CA. Other cities film too. The real difference is -the infrastructure isn’t there to sustain the amount of filming, the sheer volume of productions- anywhere else...yet. It doesn’t have much to do with pretty locations as much as studios, unions, man power etc. Unless Viacom, Disney, or Netflix move out I don’t see it making a difference.