Ready to give Colorado 270 million more of your money?

Ready to give Colorado 270 million more of your money?

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...
New Short Term rental tax 20.4%, what does this mean for real estate?

New Short Term rental tax 20.4%, what does this mean for real estate?

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...
2022 Colorado real estate predictions, mid-year update; the party continues in some markets

2022 Colorado real estate predictions, mid-year update; the party continues in some markets

Allot has changed in the last six months.  Interest rates have skyrocketed, appreciation has continued, and inflation continues to roar.  How does this impact my prior Colorado real estate predictions?  Where does Colorado real estate go in 2022?  Will the staggering...
Breckenridge plunges 28%, Steamboat down 22%; what is causing the huge slowdown?

Breckenridge plunges 28%, Steamboat down 22%; what is causing the huge slowdown?

It is not surprising that Colorado ski towns like Breckenridge and Steamboat are finally slowing down.  After years of double-digit price gains, are the mountains finally turning a corner?  Is the big slowdown due to the nightly rental regulations restricting the...
Big changes to Aspen nightly rentals: no new permits, impact on property values

Big changes to Aspen nightly rentals: no new permits, impact on property values

Aspen is following Breckenridge’s lead with substantial changes to Aspen nightly rental regulations.  Aspen is proposing a cap on the number of units along with a cap on the number of rental days allowed.  How will this impact real estate prices in...
Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

Currently in mountain towns throughout Colorado lodging taxes must be used for tourism marketing.  This week Governor Polis just signed a monumental bill into law that allows towns to use only a small portion for lodging and the rest for other items.  What does this...