Aspen suspends new construction permits and new nightly rentals

Aspen suspends new construction permits and new nightly rentals

In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of  a property.  Furthermore, the ordinance halted all new nightly rental permits.  Why did the city implement this emergency...
Live like a local, pay hotel property taxes; big changes in Colorado real estate

Live like a local, pay hotel property taxes; big changes in Colorado real estate

Property taxes on short-term rental properties in Colorado would more than triple under a bill drafted by state lawmakers that comes as communities from Durango to Denver grapple with surging numbers of vacation rentals.  What is in the new proposal?  How...
“Our trajectory is troubling” Breckenridge caps short term rentals, Guide to STR regulations in CO mountain towns

“Our trajectory is troubling” Breckenridge caps short term rentals, Guide to STR regulations in CO mountain towns

Breckenridge currently has about 4k short term rentals.  At a council meeting last week, legislation was proposed to cap this number at 2200.  What has caused the huge shift in Breckenridge and other mountain towns regarding short term rentals.  What does this mean...
Aspen suspends new construction permits and new nightly rentals

Will the Colorado Mountain Real Estate party continue?  What will cause the slowdown if anything?

Wow, it has been quite the run in Colorado Mountain real estate.  Prices have been off the charts with many mountain communities roughly doubling over the last 2 years.  For example in Summit county, home to Breckenridge, the median home price increased from 750k to...
Aspen suspends new construction permits and new nightly rentals

Is there a gold standard in real estate? One Colorado town fits the definition

In times of economic uncertainty, high net worth individuals focus on safety.  From Government securities like 10 year treasuries, to municipal bonds, and gold.  There is another trend emerging that Colorado real estate is being placed in the “safe haven” category. ...
New tax plan in Congress will hit Colorado real estate hard.

New tax plan in Congress will hit Colorado real estate hard.

Colorado real estate is on a tear, with appreciation off the charts.  In Denver appreciation is up 25% year over year.  Unfortunately, all this appreciation could cause some large tax hits based on the new legislation.  How will the new legislation...