What does Colorado’s debt mean for real estate prices

What does Colorado’s debt mean for real estate prices

  Look at the chart above, the debt carried by Colorado’s residents is higher than any other state in the country including expensive states like California, NY, etc. The largest factor is mortgages but also note a stark increase in variable debt (credit cards,...
Vail loses major lawsuit, should you only buy real estate in a Vail resort?

Vail loses major lawsuit, should you only buy real estate in a Vail resort?

  A fall from a lift in Crested Butte, leads to a 21m loss for Vail even with the ski safety act (first ever).  Is the lawsuit actually a win for Vail resorts (even though they lost money)? Why is this case so monumental?  What does this case mean for Colorado...
Colorado Property taxes jump 40%

Colorado Property taxes jump 40%

How can property taxes jump 40% since 2023 when values are basically flat in most areas?  Is there anything you can do about it?  In 2022, with property values and in turn taxes surging, the Colorado governor signed a grand bargain to save on property taxes in...
Biggest mistake by Colorado property owners in wildfires

Biggest mistake by Colorado property owners in wildfires

When I was writing this, there were 10 wildfires burning throughout Colorado (above is a pic of the Derby fire north of Vail), can you avoid the biggest mistake for a property owner; do you know what the biggest mistake is?   Being a lender in Colorado for the last 25...
One ski town goes all in on taxing second homeowners more

One ski town goes all in on taxing second homeowners more

After the legislature last year approved the ability to tax second homeowners more, one ski town is going all in establishing a “vacancy tax” for property owners.  Ironically nightly rentals can be considered “vacant”.   What is in the new Vacancy tax...
Colorado Napa valley of pot goes up in smoke

Colorado Napa valley of pot goes up in smoke

  Cannabis was the new goldmine for many years.  Unfortunately, the high does not last and is turning more into a hangover.  The napa valley of pot is no more.  What led to the bust of the Napa valley of pot?  Who are the winners and losers in the new paradigm? ...