Student Loans May Help Homeownership

money-oneBoulder Colorado homes are still selling well, however we have definitely seen the annual ‘leveling off” of the market as summer ended and Boulder schools started classes¬†again. Now finally we’re seeing a slight uptick in showings and homes for sale getting under contract with buyers.

Another factor which might affect home sales is some pending action by The Consumer Financial Protection Bureau (CFPB).

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Audi Boulder, Leaving Boulder

Audi BoulderBoulder Colorado‘s Audi car dealership began in central Boulder near the Whittier neighborhood in 1973. A local businessman named Adolf Stammler opened a business which became Stammler Porsche – Audi.

Within a few years, Stammler moved to 1799 Exposition Drive in east Boulder as the area was designed to be an automotive destination for Boulderites. Fisher Chevrolet (now Fisher Honda/Kia) also moved to Exposition at this time.

Through the 1980’s and 1990’s these dealerships thrived. Eventually as a new ‘auto destination’ developed on east Arapahoe, Fisher moved its facility to join Flatirons Acura/Subaru.

Stammler sold the Porsche franchise many years ago, and the new owners didn’t keep it alive, and then more recently Stammler sold the Audi dealership to the Kuni Group in 2013.

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Boulder Short-Term Rental Rules

IMG_8689Boulder city council recently passed some rules for short-term rentals in the city.

Renting a room in your home still flies, and same goes for an “in-law” apartment (or what my friend Nick calls a “granny flat”) for up to 120 days per year.

Where it doesn’t work is for the owner of a second home (not their primary residence). Also, if you’re already a renter, you apparently can’t rent the home you’re living in on a short-term basis.

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Boulder Hospital Broadway Campus

boulder hospitalBoulder’s Community Hospital, now actually called Boulder Community Health, is planning to sell its 8 acre site near Broadway and Balsam.

The hospital has been at this same location for over 85 years.

Word on the street is that the City of Boulder wants to buy the site which includes the hospital building as well as the medical offices building on Alpine Avenue.

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Boulder Affordable Housing Fees

The City of Boulder Affordable Housing program has many facets.

One of these is how the program is funded.

Currently one piece of the puzzle is developers of residential projects pay the city an affordable housing fee if they don’t include affordable housing units on site.

Typically commercial development doesn’t currently pay anything toward affordable housing, except for some downtown office projects.

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