The housing shortage and public lands

There are multiple issues related to valuation of the initial stock and self-dealing rules and prohibited transactions under IRC §4795. As long as the IRS is underfunded there probably won't be much enforcement. But if the average person goes to the vast majority of tax attorneys and/or CPAs when starting a business and say that want it to be owned by their Roth IRA the answer is going to be "no way am I touching that transaction".
Your points have all been spot on and you have looked deeper into this than I really have or want to. Not sure where we are going with this? I work for a financial firm have for 28 years. I work side by side with a lot of CPA’s that have been in business 30 plus years so I do understand prohibited transactions. Sounds like you are either just super knowledgeable in the area or more likely in the financial or tax world for a career also. Although there are some things in the self directed ira space that my company wouldn’t touch there are self directed ira providers that do. I have seen it done by others (not ultra wealthy) at companies you can contact easily online. Even the non wealthy can stretch the rules if they want to take that risk. I don’t feel like the wealthy get any more opportunities than the rest of us to create wealth. My experience is the more income you have the less things like the Roth IRA are available. I feel like I have had plenty of opportunities to create an income for my family since moving here from Montana 28 years ago with almost nothing. I don’t really care if someone made 5 billion in his Roth and it’s been my experience I haven’t been disadvantaged vs the really wealthy. The ones I have known were either smarter than me, worked a lot more than me or were just flat luckier than me. Who gives a crap? This country has given me more opportunities than I even care to go after. Without getting into the weeds of this Guys transaction I just don’t feel like we all don’t have the same opportunities. I guess if your born into a billionaire family you definitely don’t need to work as hard 😂feels like an endless debate but you made some good points about this specific situation.
 
There will always be outflow, but I think the ratios for Denver is totally skewed.

For instance I think if you took traffic numbers on for Hamptons/ Jersey Shore combined them then took tunnel west bound numbers, normalized them for population size of the metro, that Denver would have 2x the "exodus factor" that NYC does... same thing with various other Metros.

My biggest gripe living in Denver was that unlike Chicago, NYC, Boston, ect. it has no culture and/or much going on because the culture is beat the crap out of the highway every weekend. Lots of cities have a problem with commuter traffic but I have yet to experience much like I-70 traffic... coming from the Cape to Boston on the 4th is a pretty reasonable experience compared to most weekends in CO.

That's simply because Denver has essentially ONE route option for getting out of town, and most of Denver's culture now IS "get out of town", and anything within about 5 miles of downtown has become a cesspool. If you think I-70 Denver is bad you should try the LA/Orange metroplex...I once nearly broke up with a girlfriend because she was in San Diego and the normally 3-hour drive to visit her was looking to be nearly double that, and I DID break up with another girlfriend who grew up in the geographic center of that mess and wanted to move back stay there for the rest of her life 😬
 
That's simply because Denver has essentially ONE route option for getting out of town, and most of Denver's culture now IS "get out of town", and anything within about 5 miles of downtown has become a cesspool.
Which is a product of building around cars. If you build around pedestrian traffic life is waaaay different.

As long as "I" don't have the live there.
You or me? I'm fine with it, no yard, no maintenance, cheaper utilities... sounds like a lot more money and time for hunting.

I mean Rinella started meateater and it's precursor the Wild Within in Manhattan.

If we made a grand bargain as a society and re-wild-ed the burbs and lived all lived in sky scrapers I'd do it. Highspeed rail from Denver to Durango that takes 2hrs, transfer to a bus that dumps people out at various trailheads takes maybe 2hrs. Man, as long as I get to board with a gun and some bloody game bags I'd be happy as a clam. Plus that would save me like 4-6 hours of windshield time.

and if I didn't have to own a car! Utopia right there... I mean it's as farcical as an Ayn Rand novel but that movie plays rent free in my head.
 
I think this article is relevant to the original discussion in this thread, but I don't want to go back that many pages.

Tl;dr "We built it and (holy s%#@) they came."

Colorado mountain towns say they can’t handle any more tourists amid labor, housing crises

“I believe all of these mountain towns that are being quote-unquote ‘destroyed’ by visitors, they are at a crossroads right now,” said Telluride Tourism boss Michael Martelon. “If they make the right decision, working on sustainability and collaboration, it can make their future forever, and if they make the wrong decision, it will change their future forever.”
 
LuketheDog said:

anything within about 5 miles of downtown has become a cesspool.

What's more popular on HT? Bashing Denver or the 6.5 Creedmore? 🤔

You're not wrong that there is some ...err... room for improvement mainly with the homeless issue, but Denver is still a fantastic place to live.

Perhaps one man's cesspool is another paradise? 🤷‍♂️

Which is a product of building around cars. If you build around pedestrian traffic life is waaaay different.

Central Denver is fantastically walkable (stop-sign-indifferent drivers notwithstanding). I have groceries stores, great restaurants, nice parks, concert venues, museums, the botanic gardens, even decent fishing(!), all a few minutes from my front door.

Despite the issues facing Denver*, my wife and I have had a hard time coming up with a better place to live.

You or me? I'm fine with it, no yard, no maintenance, cheaper utilities... sounds like a lot more money and time for hunting.

...

If we made a grand bargain as a society and re-wild-ed the burbs and lived all lived in sky scrapers I'd do it. Highspeed rail from Denver to Durango that takes 2hrs, transfer to a bus that dumps people out at various trailheads takes maybe 2hrs. Man, as long as I get to board with a gun and some bloody game bags I'd be happy as a clam. Plus that would save me like 4-6 hours of windshield time.

and if I didn't have to own a car! Utopia right there... I mean it's as farcical as an Ayn Rand novel but that movie plays rent free in my head.

Dude. Sounds like you're in my head. It's weird. 😂


* - I worded this statement this way rather then "Denver's issues" because contrary to what some have stated up the thread, the problems Denver has are not all Denver's doing. The dude living in my alley's life didn't fall apart because our elected officials don't belong to the party you prefer. His life fell apart likely elsewhere (maybe your town), and circumstances brought him to here, and we have to deal with it. Homelessness is a societal problem, but big cities often get stuck footing the bill.
 
I think this article is relevant to the original discussion in this thread, but I don't want to go back that many pages.

Tl;dr "We built it and (holy s%#@) they came."

Colorado mountain towns say they can’t handle any more tourists amid labor, housing crises

“I believe all of these mountain towns that are being quote-unquote ‘destroyed’ by visitors, they are at a crossroads right now,” said Telluride Tourism boss Michael Martelon. “If they make the right decision, working on sustainability and collaboration, it can make their future forever, and if they make the wrong decision, it will change their future forever.”

ha. my wife and i ate at the restaurant in the photo in that article 3 weeks ago.

every restaurant had those signs up. every restaurant we ate at the service was really bad, to no fault of the servers though, no doubt.
 
Central Denver is fantastically walkable (stop-sign-indifferent drivers notwithstanding). I have groceries stores, great restaurants, nice parks, concert venues, museums, the botanic gardens, even decent fishing(!), all a few minutes from my front door.

Despite the issues facing Denver*, my wife and I have had a hard time coming up with a better place to live.
I'm conflating the City of with the metro area of
 
boulder is a damn fine place to live.

access to denver, access to i70, fantastic restaurants, lot's of jobs, enormous amount of outdoor recreation right nearby.

but to the point of what was just discussed, for many reasons, it's not the most plausible place to live and raise a family unless youre raking 500 g's

that said i'd still choose northwest fort collins over boulder any day
 
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