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Within the last decade or so Colorado has seen a huge cost in the rise of housing. While this cost is not as high as North Dakota or California it has still seen a significant rise. Within the last four years the price of rent has risen 22.4% which is twice the national average. Some of this started during the recession with investors buying foreclosed homes and flipping them into high-end rentals. At the same time this was going on Colorado received an influx of newer people and banks were reluctant to give out loans to many of the would be home buyers. Now there are a lot of people that cannot find a place to live or afford the high income apartments and housing that investors have built or are renting.

References DePillis L (2018) How Colorado became one of the least affordable places to live in the U.S. Retrieved from http://money.cnn.com/2017/11/01/news/economy/colorado-housing-prices/index.html