2022 Colorado Real Estate Market Concerns by: Joshua Mischke

What will happen in 2022? The market in Colorado was on fire in 2021. High demand and limited inventory seem to keep prices sky rocketing in the first quarter of 2022. And inflation caused by too many dollars circulating throughout the economy partially due to covid relief packages but also coupled with too few goods available from covid supply chain shortages are causing materials prices to rise. This in turn also pushes up real estate prices. Rental prices are continuing to rise while at the same time retail businesses are having trouble maintaining property staffed operations. I believe that "service job" wages are so low now compared to out of control housing prices that many retail and service people have simply given up on the current economy since these jobs seldom support the cost of rent and bills in today’s environment. Normal renters have lowered their life style expectations and moved back in with family, while our traditional first time homebuyers are now making up the population of those who continue and continue to rent homes. Owning a modest home used to be the default definition of the solid middle class and the American Dream.  At times it now seems like even this is reserved for the very upper middles class and the lower range of wealthy individuals. Will anything change in 2022? What are your thoughts?

-Joshua Mischke

ICOR Wins 2019 Excellence in Innovation Award from NREIA

Tall buildings
Photo by Sean Pollock on Unsplash

A real estate investment professional and private lender in Denver, Joshua (Josh) Mischke has operated his own sole proprietorship for a decade. To inform his investment activities, Joshua Mischke attends the industry events of multiple industry associations including the Investment Community of the Rockies.

In an effort to further the interests of real estate investors in the Rocky Mountain region, the Investment Community of the Rockies (ICOR) offers a range of networking opportunities and educational and professional resources. Its primary outreach event is its annual Real Estate Investors Trade Show.

In the summer of 2019, ICOR won an Excellence in Innovation award at the convention of the National Real Estate Investors Association (NREIA). NREIA gave ICOR this award for the 2018 ICOR Trade Show Summit at Mile High Stadium in Denver. ICOR had already received multiple Excellence in Innovation awards as well as NREIA honors for education, membership development, and community service.

Exercising at Red Rocks Amphitheatre

For over a decade, Joshua Mischke has served as a private lender and real estate investor and works in all avenues of real estate investing in Denver, Colorado. In his free time, Joshua "Josh" Mischke enjoys hiking, cycling, and yoga. 

For Denver-area residents looking for a great workout, the world-famous concert venue Red Rocks Amphitheater is the answer. At 6,400 feet high and with 69 rows of stadium-style benches, it offers a challenge for those willing to push themselves. From the stage to the top row, runners gain an elevation of 135 feet. If a runner chooses to run all the rows back to forth from top to bottom, they’ll get in a 2.7 mile run. Additionally, the amphitheater is connected to a network of trails for trail running. Red Rocks Amphitheater also offers a Yoga on the Rocks series. 

Not only does the amphitheater provide a great workout, but it is also beautifully-flanked by the giant monoliths, Ship Rock and Creation Rock, that give the arena its name. The top of the stadium also affords a great view of downtown Denver.