Denver’s hot housing market, as in many other cities, has resulted in a lack of affordable housing, and condos often provide a lower-cost entry into the real estate market for lower-income and first-time buyers.
Critics of the Colorado defects law maintain that development of for-sale condos, which has declined in Denver by 53% over the last five years, will prevent more renters from becoming homeowners. However, proponents of the law say that it protects condo owners from shoddy construction work, and, without it, some builders would never follow through on repairs.
