Colorado Association of REALTORS® Economic Summit Tackles the Hard Subject of Ballot Initiative No. 66

“This will bring our economy to a halt. You don’t bring affordability to a market by reducing supply,” Scott Thorson, the Chief Operating Officer at Oakwood Homes, said at the Colorado Association of REALTORS®’ Economic Summit on Wednesday in Denver.

Ballot initiative No. 66, which is awaiting a review from the Colorado Supreme Court, would limit permits for homes and apartments to 1 percent of the existing housing stock in 2019 and 2020 in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer and Weld counties.

 
Matthew Leprino, a CAR spokesperson and Colorado REALTOR®, also spoke at the Economic Summit on Wednesday voicing his opposition to this ballot, “Support the fight against it,”.  Matthew Leprino also commented that if passed, the consequences would be devastating to an already constrained market.

To view the full story review on the Economic Summit by The Denver Post written by Aldo Svaldi Click HERE

To vie the full story on Ballot Initiative No. 66 by The Denver Post written by the Editorial Board Click HERE