International visitation plunges: what do Colorado Ski towns and Turkey have in common?

International visitation plunges: what do Colorado Ski towns and Turkey have in common?

The global economy is still healthy, yet last year out of the top destinations for international travel only two declined.  The United States and Turkey!  The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%.  The...
Two resorts open this week: 5 real estate questions only winter can answer

Two resorts open this week: 5 real estate questions only winter can answer

It’s snow time!  As I’m looking out the window watching snow fall and just read the announcement that Wolf Creek, Arapaho Basin, and Loveland will start spinning their lifts this week, it reminds me of the importance of winter weather on real estate.  In markets like...
50% of Airbnb’s unlicensed in Denver –> Does Lake Tahoe have the answer

50% of Airbnb’s unlicensed in Denver –> Does Lake Tahoe have the answer

According to AirDNA 50% of all nightly rentals in Denver are currently unlicensed and not paying the appropriate taxes.  Denver implemented various rules to try to crack down on nightly rentals requiring all nightly rentals to be a primary residence.  It doesn’t...
Ready for your property taxes to increase 4 times; a new amendment is on the table

Ready for your property taxes to increase 4 times; a new amendment is on the table

The state legislature is considering a bill that would tax residential nightly rentals (any rentals less than 30 days) as commercial properties.  This would change the tax assessment on a statewide level.  On the surface it doesn’t seem like a big deal, but commercial...
Credit union in CO predicts the next recession is imminent

Credit union in CO predicts the next recession is imminent

Although the credit union didn’t officially announce the next recession in their advertising, their actions speak louder than words!  A credit union in Colorado announced they are offering 100% no money down mortgages.   “We are looking for a way for individuals to...