Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge, 4 ways to quickly lose money in ski real estate

Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge, 4 ways to quickly lose money in ski real estate

There is a condo complex in Steamboat where units have precipitously dropped in value while owners cannot sell, refinance, or in many cases use the units.  The units themselves are fine, but there is one huge problem.  What happened in Steamboat?  Why is this a...
Will the golden handcuffs of low rates save Denver real estate in this cycle?  November paints an interesting picture of what the future holds.

Will the golden handcuffs of low rates save Denver real estate in this cycle?  November paints an interesting picture of what the future holds.

The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory.  This in turn will keep prices high...
Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”.  This new law goes into effect on January 1 2023.  On the surface the new law sounds innocuous, but the reality is...
2023 Colorado real estate predictions, will the party continue one more year?

2023 Colorado real estate predictions, will the party continue one more year?

Wow, 2022 has been quite the year in real estate.  In Denver, the average home  price peaked at $913,000, a whopping 52% increase from 2019. In Summit County (home to Breckenridge, Keystone, etc..) the average home is 1.2m up 116% since the pandemic. Even with higher...
What Colorado ski resort is the best investment? Top two choices

What Colorado ski resort is the best investment? Top two choices

What a run it has been the last several years with most Colorado ski resorts averaging 30-40% / year increases.  Many resort areas are still up double digits for the year, but just like the seasons are beginning to change there is a cold bite to the air in...