How to Add Toe Kick Drawers for More Storage

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How to Add Toe Kick Drawers for More Storage

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AND soaring home prices in Denver have tenants thinking more about renting... (The chicken or the egg) In metro Denver, fast-rising rental rates are pushing tenants to increasingly consider buying a home instead of renting. Denver-area rents are soaring three times faster than the U.S. average - a trend making Denverites more likely than their national counterparts to give up rental payments in favor of a mortgage. Seventeen percent of metro Denver renters expect to buy a home within the next year, compared to 12% nationwide, according to a Zillow survey released this week. Read article
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A new report highlights just how far out of reach home ownership is for many in the Denver metro area. An individual or household needs to make at least $81,349.82 a year in order to afford the median home in the Denver metro area. Compare that to the Denver metro area’s median household income, which was $71,146 in 2015, the latest year for which data are available. The analysis used median single-family home price data from the second quarter of 2017, which amounted to $424,500. That price encompasses the entire metro area and not just the city of Denver. In calculating the salary required, We assumed a 30-year fixed-rate mortgage with a 4.11 percent interest rate and a 20 percent down payment, which would mean a monthly payment of $1,898.16. That includes the principal, interest and estimated taxes and insurance. A 20 percent down payment isn’t always necessary, but putting down less money upfront will lead to higher monthly payments. With a 10 percent down payment, one would nee...
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Willow Creek Community Picnic

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