Rent Control coming to Colorado: your property taxes will skyrocket

Rent Control coming to Colorado: your property taxes will skyrocket

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...
Cash is king, Aspen is better than Steamboat, but Steamboat is better than Breckenridge.

Cash is king, Aspen is better than Steamboat, but Steamboat is better than Breckenridge.

  We all know cash is king, but in real estate this is even more important.  What can the amount of cash tell us about a particular Colorado ski resort market (I took the pic above between Vail and Steamboat)?  How can we use this information to guide our...
Amazon ditches NY for HQ2, Colorado will be a big winner

Amazon ditches NY for HQ2, Colorado will be a big winner

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...
Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

  The Hamptons have increased inventory by 82%  to the highest level in 12 years.  At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg).  In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
New Colorado initiative that could destroy Colorado real estate

New Colorado initiative that could destroy Colorado real estate

There is a new initiative in town to drastically limit growth in one metro Denver City.  Lakewood just won major litigation that had derailed a “growth initiative”  that limits new residential development to 1% of the existing housing stock.  Why is this important? ...