Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

  Breckenridge, Steamboat, Vail, Winter Park, and Telluride  have all achieved record sales tax revenue this season.  You aren’t imagining it, the mountains are getting busy!  What is driving these all-time records? How does this impact real estate? Will...
2018/19 epic snow and revenue for ski towns, one number paints a different picture

2018/19 epic snow and revenue for ski towns, one number paints a different picture

The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates.  At the same time real estate continued to skyrocket in most mountain communities.  With all this good...
Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

I took the picture above on a trail run earlier this week outside of Steamboat when I met up with a very large “friend”.  This was the biggest black bear I have seen in Colorado.  What does this have to do with min wage?  Absolutely nothing, but thought...

Breckenridge extends ski season to Memorial day, should real estate owners get excited?

Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte, announced that Breckenridge would stay open until Memorial Day (one month longer than their original closing date).  They will close one month later in future years.  At the same time, they...
Be careful in one Colorado ski town: which one has higher risk during the next recession

Be careful in one Colorado ski town: which one has higher risk during the next recession

One ski town has been on my top list of investments for multiple years.  I highlighted this resort as one of the “best buys” in Colorado real estate. The new owners have invested over 40 million and real estate values have soared.  Unfortunately, this same resort is...