Hey Friends!
I’ve got 4 fun facts for you today and I hope you have a great weekend!
Blessings!
Andrew
Fun Fact 1:
Colorado’s success over the past two decades has been the low flat rate income tax of 4.4%. This flat tax – combined with a strict spending limit (TABOR) – kept government growth under control. A ballot initiative that has apparently received enough signatures to qualify for the November ballot would nearly double the highest income tax rate on “the rich” and successful small business owners. Overnight Colorado would go from one of America’s lowest tax states to a high tax state.
Source: Unleash Prosperity Hotline
Fun Fact 2:
30 of the last 40 years posted positive appreciation in El Paso County (home to Colorado Springs).
Source: FHFA
Fun Fact 3:
According to the data compiled by the wealth gap of a homeowner and a renter from 1989-2022 is $386,100. The median net worth of a home owner is $396,500 and the median net wroth of a homeowner is $10,400. That is a multiple of 38.1x.
Source: Federal Reserve Board, Survey of Consumer Finances (SCF)
Fun Fact 4:
In Colorado Springs, we now have an average days on market of 49 and a LP:SP ratio of 99.1%. The absorption rate is 60.9% and the appreciation rate is 1.2%. What type of market do we call this? 🙂
Source: PPAR sales data
Quote I’m pondering:
“Time makes more converts than reason.” -Thomas Paine in his 1776 pamphlet, Common Sense
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.