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...
Vail resorts stock drops 22% from peak; impact on Colorado ski real estate

Vail resorts stock drops 22% from peak; impact on Colorado ski real estate

Vail, the largest owner of ski resorts not only throughout the world but also in Colorado, has dropped 22% while other hospitality stocks have been rising at double digit rates.  Why is Vail stock dropping so much?  What impact will this have on ski real...
Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

2022 Colorado real estate predictions, will the party continue one more year?

Wow, 2021 has been quite the year in real estate.  Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year.  Where does Colorado real...
Aspen suspends new construction permits and new nightly rentals

Aspen suspends new construction permits and new nightly rentals

In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of  a property.  Furthermore, the ordinance halted all new nightly rental permits.  Why did the city implement this emergency...
Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

Where does Colorado ski real estate go from here?  One metric is painting a rosy picture

  I’m constantly amazed at Colorado ski real estate.  Many markets are up almost 40% in the last two years alone with sales continuing to exceed.  On the other hand, Denver and the front range real estate markets are starting to feel a pronounced slow down.  What...
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...