Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal...
With 2018 coming quickly it is time for my annual Colorado real estate predictions. 2018 is sure to be exciting. The new tax plan will change things up for 2018. In a nutshell, the new tax plan should cause short term rates to rise more rapidly than...
The chart above looks quite scary to say the least (source: Fed charts). Values have increased further since the data was analyzed. Housing prices are now substantially above our last peak. From the chart it sure looks like there is a bubble/peak soon. There is...
The Colorado Department of Revenue that collects taxes on Marijuana has finally broken out marijuana sales by county. The information is fascinating and unequivocally shows the impact marijuana is having on various areas throughout the state. I assume you can...
193,000 Coloradans moved away from the state last year. “We are seeing that there has been an increase in outs — the highest on record,” said state demographer Elizabeth Garner. Don’t worry, the bottom is not falling out. There are still more people moving here...
The state of Colorado Demography office came out with their latest long-range forecasts through 2050. One city will unseat Denver as the largest in Colorado and other areas will see surprising growth rates; there are also some that will see declining...
Local governments will likely kick off the next round of foreclosures, albeit not intentionally. Why? How? If you opened your mailbox, your assessed property value has likely increased and depending on the area, increased substantially. One area in Denver increased...
There were many local initiatives/bond issues not just in the front range but throughout the state. I was surprised by the rate of passage of these ballot questions. What city enacted a tax of 18.4%? What major items passed throughout the state? In a nutshell, taxes...
Most resorts in Colorado are seeing a huge surge in revenues while at the same time seeing visitation number remain almost flat. Although this seems counter intuitive, fortunately for the ski industry, they have the ability to raise prices to compensate for...
There is a new initiative heading to the ballot in Denver that could drastically increase prices in Denver. It is ironic that there have been many tax increases to help affordable housing yet on the other hand an initiative that will substantially increase the cost...
As the first Colorado resort is set to open today (Arapahoe Basin). Allot is happening in the industry that will impact real estate, visitation, etc… The last 12 months have been quite the roller coaster with consolidation galore and financial duress starting to...
Although fall officially started not long ago, it is snowtime in the mountains! The Northern Mountains including Steamboat got about a foot of snow last night. Although the snow is falling, prices are still hot throughout the Colorado High Country. As we all know,...
As we all know the ski industry is highly cyclical in nature with the largest driver of profitably for the ski industry is you guessed it, the secret ingredient, snow! Long range predictions came out for Colorado and the “snow thief” will be lurking in certain...
I joke that the average person can only have so many vices and remain a functioning member of society. There is not and endless demand for vices. Adults will choose their preference and forgo alternatives. This is a zero-sum game with winners and losers. What...
Anyone who lives in Colorado or has visited knows “Colorado has been discovered”. This has led to massive population gains and increased population going forward. What does all this mean for real estate. Could a small suburb of Denver, Lakewood, CO derail the...
Corelogic recently highlighted 4 cities at risk of a bubble. Denver was prominently mentioned with recent appreciation of 8.7%. Is there really a bubble? What is driving the “bubble? Should you panic and sell today? If we look at the last collapse in real estate...
I saw a recent study in the Denver post that in the Denver metro 1 in 10 homes have been used for Marijuana cultivation. I can attest to this statistic, I have walked into countless rental homes only to find out that they are growing marijuana in the basement or...
Seattle is going through a “grand experiment” on whether raising the minimum wage to a “living wage” will actually increase the take home pay of workers. Why should we care in Colorado? This year marks the beginning of a similar “grand experiment” here in Colorado. ...
Although the mountain real estate market is hot, unfortunately the heat I’m referring to is definitely not welcome news to property owners. I saw the news last night “the entire town of Breckenridge was placed on a pre-evacuation notice”(Summit Daily). Would you...
Did you see the announcement last week that Amazon was buying Whole foods? There are currently 20+ whole foods stores in Colorado. Why such a large impact? Will Amazon shake up the grocery industry just like books? What does this mean for grocery anchored...
According to ski country “visits don’t matter as much as pass revenue and guest spending”. Should you care? Will this impact real estate investing throughout the mountain towns? Will skiing follow the same path as golf? A recent Denver post article furthers this...
I learned the hard way about investing in mountain towns. I successfully lost over 100k on my first ski investment property! Hindsight 20/20 I violated 1 of the 4 golden rules of investing in mountain property. I developed these 4 rules after evaluating thousands...
Want to move into an apartment with knotty alder cabinets, walk in closets, energy efficient appliances, fitness room and more? Welcome to Steamboat’s newest affordable housing development! As the front range and mountain populations explode and the median home price...
Although summer activities are in full swing, there is still plenty of snow up top. There have been allot of changes in the last couple years in the ski industry (4 resorts changed hands) which will impact any investments in Colorado mountain towns. My top three pics...
