Do you know where I took this picture in Colorado? I wrote back in June about big changes coming to Colorado's resort communities. What has happened since June? Were the predictions accurate? Where does ski real estate go from here? The great urban exodus is...
Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Furthermore, Denver beat out Boston, Miami, New Orleans, Austin, and countless others due to the rapid gentrification of the downtown core. What is Gentrification? How...
Like many of you I was excited to finally hear my property taxes were going down as this never happens! Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
The pandemic has wreaked havoc on the economy, but surprisingly real estate throughout the front range has held up considerably better than almost anyone predicted. With the economy still in tatters, what 3 cities in the Denver Front Range are the the best real...
Denver, like many cities, is experiencing homelessness issues as property values and rents rise pricing many out. To help combat the homelessness issue, Denver Mayor Hancock has asked eight council members to submit locations for spaces of about one quarter acre to...
Denver is number 11 on the cities most likely to recover fastest from the shutdowns from the pandemic. After being ravaged by a pandemic that caused nationwide lockdowns, Denver is among those poised for a relatively strong recovery from the coronavirus recession,...
Happy summer to everyone, it sure doesn't feel that way in the mountains with a dusting of fresh snow on the peaks this week. Do you know what pass this is? There are some big changes coming down the pipe not just for the weather but in Colorado ski real estate. From...
Colorado, like much of the country, is going to be in for a rough ride on the commercial side in 2021 Why 2021? What property types will be most affected? Unfortunately, the recent pandemic has created many more losers than winners in Colorado commercial real estate...
Although there is considerable uncertainty on the economic recovery with the virus, I can tell you with 100% certainty you will see an increase in Colorado taxes as states burn through cash. At the end of the day someone has to pay and unfortunately you and I will be...
Colorado has become the “festival capital” using events to draw an increasingly larger number of visitors from the wine festival to arts festivals to music festivals to car festivals, etc… every weekend was a festival in Denver and mountain resort communities. With...
Facebook, Twitter, and other high-tech companies have announced plans to disburse their California workforces and allow many (in the case of Twitter all) of their employees to work remotely. This new trend will have lasting impacts on real estate, not just in...
2020 is shaping up to be an interesting year in the ski industry. The ski industry was abruptly cut short in April with Vail resorts losing 200m and Alterra getting sued for closing early. What does this mean for ski real estate? Where should you invest now based on...
I hope everyone is doing well. I wanted to share a bit of irony. The "call before your dig" line in Colorado was recently out of operation as someone ironically didn't call before they dug and hit all the lines going into the operation center. On to the news... ...
Wow, what a crazy time we are in. Less than a month ago, I was at Copper Mountain when the Governor announced the closure of all ski resorts. Shortly thereafter, kids were running around the house with schools closed and most businesses were shuttered or working...
Research has shown that property next to oil and gas development comes at a discount. Just how much of a discount, though, is a little shocking. The other mystery is who will actually be impacted. As both housing and oil and gas development expand throughout...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
Gunnison county, home to Crested Butte ski resort, issued an order banning non resident visitors and homeowners from remaining in the county during the pandemic. This is the first city in Colorado and possibly the country to ban property owners. Furthermore, Clear...
I hope everyone is doing well and staying safe and healthy. Fortunately, our new “employee” Luna continues her hard work unfazed by the Coronavirus 😊 The Colorado Attorney General’s office issued a letter that effectively prohibits real estate property...
We are still Lending! Do you know where I took this picture? It is amazing how quickly fortunes have changed, less than a month ago Vail resorts stock peaked, yet over the course of a few weeks Vail lost over $200 million and its stock dropped 42% while the industry...
We are still lending. First, I want to give a hats of to these folks for their creativity, they took their bikes down a black run. This pic is the only time I saw them upright from top to bottom! I hate to update predictions only three months into the year, but...
First, I hope each of you and your family are doing well in these challenging times. Above is a pic of my new office, I’m doing my part to be socially distant 😊 (do you know which mountain this is at?) The coronavirus is rapidly impacting the...
I was recently at a major grocery store in Steamboat and toilet paper and water were both sold out; this is a bit perplexing as if there is no water, how are you going to flush the toilet? Did you know that Colorado has a metric to predict the next recession that is...
The National Association of Realtors released their “marijuana and real estate- a budding issue” research paper that found that 27% of realtors had seen a decrease in property values near dispensaries, while 12% has seen an increase in values. What does this mean...
Officials from DIA recently lobbied the city of Aurora to plead with them not to allow homes so close to the airport. Aurora promptly ignored their request! What happened with this development? Why is this new development a game changer? What is the impact on...
