Shawn
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Colorado Springs In The Top 40
Casey Kasem would be proud of us!
We made the top 40 in something! Yippee! Actually, Business Week magazine just named Colorado Springs number 24 in the Top 40 Strongest U.S. Metro Economies. The article gives facts about our gross metropolitan product (down 2.7% over last year) and home sales. According to the author, home sales were flat as compared to the same time last year. Flat? That sounds, well, flat.
Actually in this case flat is a good thing. Compared to other cities in the US, we are not doing too bad in our real estate market. Colorado Springs was never as much a boom town as other areas were. Think of cities like Phoenix. Their market has declined as much as 30% in some areas with more room to fall as more Alt-A loans begin to reset. In this case our being flat is a thing to cheer!
Our market remains fairly stable in most parts of the city. I have to believe that this is due to a very steady payroll coming into play every two weeks from the five military installations here. The military is key to our success and survival. As the overall economy improves, other businesses will consider moving to the area for many reasons.
We have a great quality of life here! think about it–we drive to work every day with a view of Pikes Peak. I don’t even have to drive to work to see it since I work from home. My loft/office has a perfect view of the mountains and I love it! Our water and air are clean. Schools are great and offer many educational options from pre-school to Ph.D programs.
We don’t have the high excitement levels that many large cities have. No beach, no Broadway theater (don’t even try to compare a traveling version of Mama Mia at the Pikes Peak Center to Broadway), low crime, no real high rise buildings. I am fine with all of that. That’s why God gave us DIA. If I want to go to the beach or to see James Gandolfini on Broadway, I can easily do it. The good news is that I don’t have to breathe smoggy air or drive in traffic on a daily basis.
Now for a long distance dedication (you can tell that I was an AM radio geek in the 70′s). This post goes out to the cities that didn’t make the top 40 this week. So sorry but right now Colorado Springs is THE place to live, work and play. Good job CS!!