Throughout the state of Colorado property owners are paying substantially more in taxes than they should due to one fundamental flaw in the assessment. Here is a recent example: I was asked to evaluate a property in CO springs for a loan. The purchase price...
The appreciation over the last seven years throughout Colorado has been astounding, but now it is time to pay the piper. What cities in Colorado are most at risk of rewinding most if not all of the Covid appreciation gains? Why are “suburban” markets more at risk...
Take a look at the stock chart of Vail Resorts, which has lost almost 60% of its value in the last five years while the S&P has returned an approximately 90% gain. The vultures are circling with a Utah billionaire proposing a sale of Park City to stop the...
Over the last 30 years I continue to hear about the “affordable housing crisis”. Do we really have an affordable housing crisis or a leadership crisis within the ski towns. A recent proposal in Steamboat pegs the build cost of one affordable housing unit over 1.7m....
Colorado ski resorts have continued holding strong in the face of higher interest rates. Why are interest rates not the best metric for Colorado ski real estate? Which ski towns are performing better than others? What two factors are driving the difference in ski...
It seems like anytime there is even a hint of snow or the slightest breeze, I70 gets shut down for hours turning an 1.5 hour drive from Denver into a 5 hour adventure! What does this mean for ski real estate? Will ski traffic lead to lower real estate...
The figure sounds ominous that Breckenridge summer bookings are down 17%. Is the sky falling in Breckenridge with visitation? At the same time bookings dropped nightly rates actually increased. How is this possible? Are the new nightly rental regulations to blame...
Have you seen the viral video about Colorado ski real estate where it predicts “entire communities evaporating and the seemingly perfect town that has seen its median home price slashed by over 30% in just 6 months”. How real are these bold predictions? Hint, look...
Colorado ski towns are promising high returns from tourism to fund just about everything from roads to affordable housing and everything in between. The theory is that increasing tourism will essentially solve every budget desire in each ski town. What does this...
“Summit County has to look at itself in the mirror and say (maybe we need to) change the way that we treat people that come in and try to be a little bit more receptive to having them here… I don’t think that Summit County in general, has rolled out the red carpet to...
Typically most of the mountain towns seem to replicate each other. In this case, Breckenridge(Summit County) has made radical changes that will help real estate owners save considerable money. On top of that, the changes implemented were free. Why are other ski...
One mountain town just proposed a fee of 5,064/room; the fee for a 4-bedroom house annually for a short-term rental license would be 20k. According to the study, after looking at local economic data on the workforce, the affordability gap and occupancy...
Wow, how skiing has changed over the last decade. Assuming a family of 4, a full ikon pass will cost almost $5k/year and that is before you take a bite of an overpriced slice of pizza!. On the flip side, an epic pass for 4 will be closer to 4k/year. What do the...
There is one ski town that bans non residents from buying real estate? What ski town has implemented this change? (Do you know based on the pic above?) Why was the ban put in place? What has happened to real estate values in this town and surrounding towns? Should...
Nightly rental regulations and enforcement continue to be a leading topic for legislation in every Colorado ski town. A newer ordinance in Summit county (Breckenridge) continues this trend but ironically is supported by most in the industry. What is in the new...
Condos were once the hottest real estate in Denver and throughout the front range and now suddenly the tides have turned. Days on the market has almost doubled, prices are down, and sellers are now in a panic to dump properties. Is now a good time to...
The primary argument in nightly rental regulation debates is that locals who rent their properties would not be able to stay in the community so any regulations would drastically hurt locals. How true is this argument? A new study sheds substantial light on this...
As I predicted, we are starting to see some big changes in Colorado ski real estate. Even as prices in many markets throughout the country are staying flat, some Colorado ski real estate is still increasing while others are starting to correct. What is causing the...
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...
It is crazy to think that every major ski town in Colorado has made the same major mistake and that nobody has noticed until or done anything until now. What caused every ski town to duplicate the same mistake? What does this mean for property owners? When...
The most recent data in Crested Butte tells an interesting story. Single family homes continued to increase in value while town home median prices have decreased 13%. What is happening in Crested Butte and other mountain towns causing property declines? Why are...
Voters in Steamboat Springs, Aspen, Dillon, Glenwood Springs, Carbondale, and Summit County will all decide whether to impose additional taxes, with at least part of those funds in each municipality going to support affordable housing. What are the new short term...
It is amazing since the pandemic it seems everyone has had way too much time to watch YouTube and Instagram and are now experts on everything including Colorado ski real estate. Unfortunately ski real estate is not that simple. Look at the picture above, can you...
10 years ago, nightly rentals were a novel concept, fast forward to 2024 and the number of nightly rentals has surged over 40% in the last 5 years. What does this huge increase in nightly rentals mean for real estate values? Has the real estate market gotten...
