The High Cost of Housing and Inflation

Housing Costs and Inflation are soaring in Colorado. San Francisco recalls three members of its ultra-progressive school board. Bill of the Day HB22-1129, General Fund Surplus Rebates to Taxpayers.
Karen Levine, a Colorado Realtor, and Lorne Levy, a Colorado mortgage specialist, discuss Colorado's housing market.
Property values and inflation keep rising in Colorado.

Polygon Financial Group

Thank you to Polygon Financial mortgage specialist Lorne Levy for his partnership/sponsorship. With interest rates still at historic lows, Lorne can help you tailor your mortgage, re-finance or reverse mortgage to fit your individual needs.

The Kim Monson Show
The Kim Monson Show
The High Cost of Housing and Inflation
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The High Cost of Housing and Inflation

Housing costs across Colorado’s Front Range climb higher and higher. According to a California Association of Realtors report, Colorado’s housing prices have risen 32.5% from 2019 through 2021. The median price for a home in Denver county is $622, 950. Colorado rents have also risen year-over-year. From 2020 to 2021, rent for a one-bedroom increased by 21.95%. In Denver, the average price of a one-bedroom is now over $2000.

As housing prices soar, so too has inflation. Inflation in the Denver metro area for the past 12 months has risen 7.9%. Nationally inflation hit a 39-year high of 7%. The Federal Reserve is poised to raise interest rates to combat inflation, but the rise in rates affects mortgage rates, which rose above 4%, a rate not seen since the pandemic started.

Karen Levine, Realtor with RE/MAX Alliance, and Lorne Levy, mortgage specialist with Polygon Financial Group, join Kim to discuss Colorado’s housing costs, the challenges of competing with investment companies for a small inventory of homes for sale, and more in segments three and four.

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America’s Most Liberal City Recalls Ultra Progressive School Board Members

San Franciso, which for decades has had the dubious distinction of being the most liberal city in America, has recalled the three members of its school board.

The members, Gabriela López, Alison Collins, and Faauuga Moliga, were on the ballot for the recall election. Voters voted overwhelmingly (over 70% for each member) in favor of the recall. The city’s Democrat mayor, London Breed, publicly lobbied for the recall election.

Those in favor of the recall pointed to the lengthy closure of San Franciso schools during the pandemic. Schools were closed for nearly a year. While the schools were closed, the members had become figures of national ridicule for lobbying for the name-change of 44 public schools, including schools named after George Washington, Abraham Lincoln, and even Dianne Feinstein, a former mayor of the city.

There is a national movement of parents pushing back against progressive school board agendas. Douglas County’s school board terminated School Superintendent Corey Wise in February, in part as part of a reform measure to rework the district’s equity policy. Helen Raleigh, author and media workshop instructor, joins Kim during the second segment to discuss the recall results and America’s dissatisfaction with progressive school board agendas.

Bill of the Day HB22-1129, General Fund Surplus Rebates to Taxpayers

Bill summary:

The bill requires the executive director to rebate $1,846,400,000 from the general fund to qualified individuals through income tax returns for the 2022 income tax year, which rebate amount is an estimate of the general fund surplus for the state fiscal year 2021-22. The rebates will be made to qualified individuals in the same manner as if the general fund surplus was excess state revenues under the Taxpayer’s Bill of Rights being refunded through the 6-tiered sales tax refund mechanism.

HB22-1129, General Fund Surplus Rebates to Taxpayers is sponsored by State Representative Rod Pelton and State Senator Jerry Sonneberg, both Republicans. This bill serves taxpayers and is fashioned in the image of TABOR. Kim supports its passage.

Karen Levine, Realtor

Karen Levine

Thank you to RE/MAX Alliance realtor Karen Levine. Whether you are buying or selling your home, existing or new build, Karen Levine is the person to have on your side of the table.

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If you’re looking to purchase a home or refinance, Lorne Levy can help. For a limited time Lorn will include a free appraisal with all home purchases and refinances. Take advantage of  low rates and the included appraisal for an additional $599 in savings. 

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