Meanwhile, Back In Denver...

I read in the Denver Post yesterday that a record number of new apartments (7,349) went on the market in the metro Denver area during the second quarter of 2024, and that 7,892 (more than were built) were snapped up by renters. The big question is why. Migration to Denver from other states has decreased significantly since the pandemic, and the cost of renting a place in Denver these days is astronomical, especially in newly built buildings. The article I read says it is probably due to all the 25-to-35-year-olds still living with their parents or non-relatives while waiting to find something decent to rent, their number estimated at around 70,000. All I can say is that these 25-to-35-year-olds must make huge salaries to be able to afford these places. I sure would like to know what they do to earn a living. Perhaps I should come out of retirement for a few years. Or perhaps not. And by the way, the high rise in the photograph above is Country Club Towers, located across the street from the Denver Country Club. It is not brand new, but new enough that they charge $2,300 to $2,800 a month for a one bedroom, one bath apartment. That's almost $28,000 to $33,000 just for rent. For a one bedroom. Who are these people who can afford something like this? Or do they all just have 12 roommates to help pay for it all. Sounds pretty damn cozy to me.