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ITpeep t1_iy41tyu wrote

Sounds about right for living in Denver. Perhaps a suburb might offer a better value.

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CapitalMission8486 OP t1_iy42jpw wrote

I thought about it, but suburbs don't seem ideal for a young single guy

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ITpeep t1_iy43k4x wrote

The nice thing about being young and single is you have the opportunity to try things out and if they don’t work out, it’s not really a big deal. You can make changes easily. You’re not responsible for anyone but yourself. Keep in mind rent prices do fluctuate, and so does your income. As you make more money rent will become a smaller piece of the pie. Great move prioritizing retirement this early btw.

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UC_DiscExchange t1_iy449ia wrote

Yeah this is overpaying just for location. I bought a new-build townhome in the Denver metro this year and have 3br/3ba mortgage for under $2k. Even in Denver proper rent can be found under that pretty easily, it may just not be in a hip area.

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CapitalMission8486 OP t1_iy44ulz wrote

How much rent should I be looking at then? If I want a 1br in a decent area?

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UC_DiscExchange t1_iy45obs wrote

Depends what you determine as a decent area. You should be able to be reasonably close to downtown/RiNo for ~$1500 though and could probably do fine even cheaper off of Federal or further south.

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