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...
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...
Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

  The Hamptons have increased inventory by 82%  to the highest level in 12 years.  At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg).  In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
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...
30 days to go, Ski visits down 7% in Aspen, ski real estate impact

30 days to go, Ski visits down 7% in Aspen, ski real estate impact

As ski season is about to start again in under a month (Arapahoe 10/13). I took the pic above of Loveland pass a few weeks ago.  It is important to note what happened in Colorado last year; Llast winter ski visits in Aspen skiing co were down 7% through last December...
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...