From Minnesota to Maine, there are lots of beautiful places in this country that I think I could live in. But none of them feed my soul like Colorado does. I know I’d love living here. But it could be a pipe dream.
Because in Colorado, you’d never know real estate is crashing all over the country. The Rockies are the most beautiful place in the U.S., and property owners know it. They have it made. I’m not seeing reasonable prices on any pieces of land, except for the most isolated patches of non-irrigated ag fields in the plains regions.
For you see, it’s all about water rights in Colorado. If there’s senior water rights on your property, the price triples. And if it doesn’t have water rights, it never will. If a landowner down the road has rights to a stream running through your property and you don’t have rights to it, you can’t touch that water. If you don’t have rights, you can’t even collect rainwater that falls on your property.
And if you’re lucky enough to have water on your property, you’d better pray that it’s good water, and not the stinky sulfur water that’s in a lot of areas. Or bad, water that’s been contaminated from mining and agriculture. If it is bad, you’ll be hauling water onto your property in cisterns, like a lot of people do. Which isn’t cheap.
Today a local property owner told us, “Most people (especially those Californians and Texans) who move to (rural) Colorado go broke, because they either don’t have enough money, or tools, or both, to live out here.” Sure enough, there are plenty of half finished dream homes for sale that dot the countryside, for prices that we still can’t touch.
I don’t know if we have enough tools, and I’m certain we don’t have “enough” money. But there’s just got to be some piece of decent land in Colorado where two motivated, self-employed fools from Eureka can make a go of things.