With the failure of proposition HH, the Colorado legislature is on the hunt for tax revenue and nightly rentals are in the cross hairs. Not surprisingly, the recent proposal to quadruple taxes on nightly rentals recently passed out of Colorado legislative committee...
With much fanfare, CO legislators met in a special session to focus on tax relief once again after the searing defeat of HH. As suspected, the agenda was filled with allot of stuff not related to property taxes (Tabor checks, low income tax credits,...
Colorado is an odd state, prior to a few years ago, you were unable to buy full strength beer in grocery stores. In almost every other state, you can walk into a grocery store and buy wine/beer, but not in Colorado. A trio of ballot proposals will radically alter...
Thanks to one of our readers, Randy, for bringing the recent homestead exemption legislation to my attention as the changes are profound and yet there has been zero media coverage. The Colorado legislature has just passed a new bill radically changing the meaning of...
With rent prices skyrocketing not just in the Denver metropolitan area but throughout Colorado, rent control is back in the legislature with big changes for property owners, prospective purchasers, and tenants. The current focus is on mobile home parks with sweeping...
The recent fires in Boulder County were astounding in regard to location, destruction, and time of year. Typically, when we think of fire in Colorado we think of the foothills/rural areas and the urban/forest interface in the Spring through Fall. The recent fires in...
Wow, 2021 has been quite the year in real estate. Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year. Where does Colorado real...
With the new Delta variant circulating throughout the country and Colorado, what will be the impact on residential and commercial real estate? Will back to the office plans be shuttered impacting real estate prices in cities? Will there be a continued flight to the...
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...
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with...
I am always amazed at how out of touch our elected officials are with what happens in the real world. The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers, but middle class, small business owners, farmers,...
I wrote a few weeks back about how Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Nobody has really talked about it but “gentrification” is happening (already happened in most ski towns) at an even faster...
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...
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...
Happy New Year! It is time for my annual Colorado real estate market predictions. Is it dawn or dusk for real estate in Colorado? The main economic drivers in 2020 will be the pace mortgage rate increases, the election, and end of cycle volatility. Each of these...
“Ghost Kitchens” are on the rise? What are they anyway (no they are not haunted kitchens)? What is causing this new phenomenon? How will this impact real estate? My first experience with a “ghost kitchen” was in Breckenridge Colorado about three years ago where I...
Denver “legalizes” mushrooms, more communities become open to Cannabis, corporate America comes knocking, Cannabis real estate quickly goes from green to red. What is going on? Why the shift in cannabis real estates fortunes? What specific property types will be...
Denver rent has skyrocketed. A one bedroom in 2010 leased for 800, fast forward to 2018, that same one bedroom is now leasing for 1457 a month, a 79% increase. The legislature has taken up the fight with SB 19-225 that will reverse a 1981 Law that prohibits local...
Beaulieu, a nationally renowned economist and president of ITR Economics, predicted: “The U.S. economy and your economy in Colorado will slow down in 2019…Expect a slow down, but don’t expect a break down”. He then went on to say that: “An aging population,...
Don't think this impacts you? Take a look at the map above of the Denver front range. “When Bill Young peers out the window of his $700,000 home in Broomfield, Colo., he drinks in a panoramic view of the Rocky Mountains. Starting next year, he may also glimpse one...
NY provides 3 billion in incentives to land Amazon. Colorado offered 100 million. Amazon selected NY only to break up with them this week and ditch their expansion plans. Colorado will be a big winner of this recent breakup. Sounds like the recent Bezos love...
The global economy is still healthy, yet last year out of the top destinations for international travel only two declined. The United States and Turkey! The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%. The...
Location Inc, founded by Andrew Schiller (he accurately predicted the last real estate bust), came out with new real estate predictions for the Northern Colorado Front Range. According to recent models, Boulder will plunge by 19% by 2022 while Greeley should be a...
