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...
With three wildfires burning in the front range as I write this and thousands evacuated, it is crucial to know the number one mistake that is made in a wildfire disaster. Do you know what the significance of the picture of the government facility above? Being a...
After stunning defeats last year, the Colorado governor and legislature have broken apart the large bill into smaller parts that have each passed. Two new land use bills passed that take away local government control and hand it to the state of Colorado. The new...
It has been quite the session with a ton of bills that have huge ramifications for property owners throughout Colorado. The proposals ranged from increasing taxes on nightly rentals, evictions protections, habitability, right of first refusal and various others. The...
Just like in California, Colorado recently passed a bill to create a statewide insurance plan to write insurance policies in high risk areas. Why are most major insurers now leaving California? What does this mean for the future of property insurance in Colorado?...
Every time I open the news, I’m amazed at what is happening in the Colorado legislature. As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property. The new bill is titled “safe housing”. Who...
Once again, as the legislature returns, the first order of business is housing. Unfortunately, there is now a pervasive agreement that only the legislature can fix the housing crisis we are experiencing in Colorado and the number one tool is more legislation. The...
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,...
First, I had to share the joke above. For anyone that lives or spends time in the mountains it is unfortunately very relatable😊 It is a bit ironic (and confusing) as the company Vail resorts sues the city that its name originated from. The suit...
It is likely no mystery that the Colorado ski towns are getting considerably more expensive, but the recent data released by HUD is eye opening. HUD releases income figures every year based on census data and other factors, such as the rate of inflation. What do the...
Anyone who has ventured into any Colorado ski town recently has noticed a profound change since Covid. Everything seems to be busy all the time, prices have skyrocketed, and longtime locals are quickly priced out. What is causing the swift changes and what does this...
A local HVAC contractor said of the new code “This is like a really obese person drinking a 12-pack of Diet Coke and feeling good about themselves.” What is in Aspen’s new building code proposal? What impact will this have on new construction, property values, and...
With a supermajority, the legislature has been busy crafting bills that will radically alter the real estate landscape. The recent proposal allows the state to dictate zoning in every county throughout Colorado and eliminate single family zoning. As you can imagine...
State lawmakers are preparing to introduce a bill in the legislature that would create a state sponsored governmental program offering basic home insurance to the growing number of Colorado homeowners who say they can’t get coverage from private companies because the...
It has been a crazy election cycle in Colorado with multiple initiatives impacting everything from alcohol, nightly rentals, income taxes, school lunches, magic mushrooms, etc… Some taxes were reduced, others were increased. What were the big Colorado initiatives...
Regardless of party affiliation, this has been a big voting season for Colorado real estate and there was a resounding message relayed at the polls. Voters in Steamboat Springs, Aspen, Dillon, Glenwood Springs, Carbondale, and Summit County all decided whether...
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...
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...
Frisco had originally planned to offer a “locals” only license classification for short term rentals. A new ruling in Louisiana put these plans on hold and could jeopardize many other communities short term rental laws. What was in the ruling and why is it so...
Steamboat’s occupancy rate “supposedly” plummets 13% from last year, yet accommodation taxes are up an astonishing 48%. Why is it important to focus on occupancy and sales taxes? How accurate are either of these numbers? What does this mean for real estate? What...
A new Ballot proposal, 108, will be voted on in November to “divert to” (aka give) the state of Colorado an additional 270 million dollars of taxpayer’s money for affordable housing. What is in the new proposal? How effective will a statewide fund be? What can we...
While other mountain towns implemented taxes and regulations on short term rentals, Steamboat was a bit late to the party. Locals were not happy and elected a new council. The new ballot question will raise the short term rental tax to 20.4%. Will this pass in...
Well’s Fargo just released its midyear housing update and from the surface it looks rosy for Denver and Colorado. How accurate are their assumptions? Will Colorado real estate continue to increase in light of an impending recession? Hint, don’t get too comfortable...
