As we’ve written in the past, Millennials have played a significant role in the revival of Denver’s economy. As increasing rent payments threaten to exceed monthly mortgage payments, however, Denver’s popularity among Millennials may diminish. Although worsening affordability has not discouraged Millennials’ interest in living in Denver thus far, as Millennials age and
Amendment 64 Passed in Colorado: Now What?
Last night, Colorado voters approved Amendment 64, and Washington state voters approved Initiative 502. In enacting these ballot measures, Colorado and Washington become the first states in the country to decriminalize marijuana outside of the medical marijuana context.
What does Amendment 64 mean for Colorado?
Amendment 64 has two basic parts: (1) within certain defined
Signs Suggest New Wave of Foreclosures
While The Denver Post recently reported that completed foreclosure sales were at a five-year low in May of this year, and an informal survey by this office of various metro and mountain county public trustees confirmed that, based on filings for the first half of 2012, foreclosures are expected to be generally lower this year
DOJ Signals Shift on Medical Marijuana
In October of 2009, the United States Department of Justice issued a memorandum (the “Ogden Memo”) stating that scarce federal resources should not be focused “on individuals whose actions are in clear and unambiguous compliance with existing state laws providing for the medical use of marijuana.” The Ogden Memo also emphasized the federal commitment to
Colorado Restricts Private Transfer Fees
In May, Governor Hickenlooper signed into law Senate Bill 11-234 – Concerning Residential Real Property Transfer Fee Covenants. The bill is targeted at prohibiting fees payable upon the transfer of residential real property to individuals and entities where such fees do not touch and concern the real property. The common law likely already prohibited such fees. Nevertheless