New Colorado short term rental bill to define “commercial” use differently

New Colorado short term rental bill to define “commercial” use differently

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...
Vail sues Vail, town of Vail  has resounding win; what does this mean for real estate?

Vail sues Vail, town of Vail  has resounding win; what does this mean for real estate?

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...
Wild West Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge

Wild West Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge

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...
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...
How “risky” is Denver real estate? How does Denver rank compared to the top 575 counties in the US?

How “risky” is Denver real estate? How does Denver rank compared to the top 575 counties in the US?

 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...
2021 Colorado Election; big impacts on taxes ($260m) and property owners

2021 Colorado Election; big impacts on taxes ($260m) and property owners

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 the...