Every recent legislative session in Colorado continues to have a few bills that are perplexing. The most recent law would allow someone who is renting a property to not pay for any damages to the property and be fully refunded their security deposit. What is the new...
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? ...
A ton of big economic changes have occurred during the first half of the year including tariffs, higher than predicted interest rates and now substantial recession talk. What does this all mean for Colorado real estate for the remainder of 25? Will prices...
In Colorado you will be receiving your new tax assessment in the next few weeks (typically the beginning of May) and time is of the essence as you have a limited window if you want to fight your tax value. Your taxes are likely going up even though the market...
Wow, how skiing has changed over the last decade. Assuming a family of 4, a full ikon pass will cost almost $5k/year and that is before you take a bite of an overpriced slice of pizza!. On the flip side, an epic pass for 4 will be closer to 4k/year. What do the...
There is one ski town that bans non residents from buying real estate? What ski town has implemented this change? (Do you know based on the pic above?) Why was the ban put in place? What has happened to real estate values in this town and surrounding towns? Should...
In the last several weeks, I’ve had two deals fall through due to insurance. One was on a rural property that they could not find reasonable insurance on, and the other was on a condo in Denver that was under insured due to the huge jumps in insurance costs for the...
Colorado ski resorts continue holding strong in the face of higher interest rates. Why are interest rates not the best metric for Colorado ski real estate? What two factors are driving the difference in ski town fortunes? Will these trends continue heading into...
Why is Steamboat Springs leading the way? Although in the last legislative session the initiative to charge second homeowners more was defeated, it is rearing its head again in the form of a new backdoor “vacancy tax”. The leaders of this new push are the Colorado...
The Colorado Legislature has proposed a new law to limit lawsuits against builders in order to incentivize builders to increase supply of affordable housing. Will the new law help or hurt the market. What is in the new bill and how does it radically change...
The above is a picture of what we found in a property we were involved in; needless to say they did not get their security deposit back due to some huge electrical problems, water issues, etc....! Although, all eyes and media attention seems to be...
When you look at the chart above of single family homes, there is a major outlier in red. What is happening in Colorado Springs? Is Colorado Springs a warning for real estate throughout Colorado. On the flip side look at Glenwood Springs (orange) it is...
Every time I look at the docket of new bills in the Colorado Legislature I am amazed. This new bill will radically alter rental contracts in Colorado and changes the real estate market profoundly. The proposed bill not only impacts property owners but also lenders....
Nightly rental regulations and enforcement continue to be a leading topic for legislation in every Colorado ski town. A newer ordinance in Summit county (Breckenridge) continues this trend but ironically is supported by most in the industry. What is in the new...
I’ve heard from every realtor that 2024 was a tough year in Colorado, interest rates were high and closing volumes plummeted, look at the chart above of Denver it tells a much different story, but is that the whole story. Are volumes actually down regardless...
Condos were once the hottest real estate in Denver and throughout the front range and now suddenly the tides have turned. Days on the market has almost doubled, prices are down, and sellers are now in a panic to dump properties. Is now a good time to...
It is crazy that in Colorado we should be looking at a third world country on how to solve our affordable housing crisis. Is Colorado making the same mistakes as Argentina made in the past? What did Argentina learn that drastically lowered rental prices and increased...
I learned the hard way about investing in mountain towns. I successfully lost over 100k on my first ski investment property! Hindsight 20/20 I violated 1 of the 4 golden rules of investing in mountain property. I developed these 4 rules after evaluating thousands...
The original Colorado short term rental bill is still moving through the legislature but now there is a competing bill to also classify short term rentals as commercial properties but with a big twist from the first bill. The new bill proposes to try to tax...
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...
There is a condo complex in Steamboat Springs, CO where units have precipitously dropped in value overnight while owners cannot sell, refinance, rent, or in many cases use the units. The units themselves are fine, but there is one huge problem. What happened in...
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...
ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to damage from the ongoing Coronavirus...
First, happy belated Halloween. For all the parents out there that think they have the best costume, try topping this one that I saw while trick or treating. A real horse in costume cruising the streets 🙂 This will be tough to beat! On to the blog. What does...
