Low snow year impact on Colorado ski real estate

Low snow year impact on Colorado ski real estate

Colorado is having a tough year.  Snowfall was down nearly 60% over the holidays, resulting in only about 11% of skiable terrain being opened in December and skier visits are down 20%.  Vail resorts, the largest ski operator, is getting hit hard as seen in the stock...
Steamboat vs Vail, let the tax wars begin.  Which city has a better solution?

Steamboat vs Vail, let the tax wars begin.  Which city has a better solution?

Two high end Colorado ski towns are taking radically different stances on tourism.  Vail  had proposed a 17% short term rental sales tax, while Steamboat is taking the opposite approach by proposing to tax vacant homes.  Which solution is correct?  What does each one...
Top 10 mountain towns in total free fall

Top 10 mountain towns in total free fall

Have you seen the viral video about Colorado ski real estate where it predicts “entire communities evaporating and the seemingly perfect town that has seen its median home price slashed by over 30% in just 6 months”. How real are these  bold predictions?  Hint, look...
Vail loses major lawsuit, should you only buy real estate in a Vail resort?

Vail loses major lawsuit, should you only buy real estate in a Vail resort?

  A fall from a lift in Crested Butte, leads to a 21m loss for Vail even with the ski safety act (first ever).  Is the lawsuit actually a win for Vail resorts (even though they lost money)? Why is this case so monumental?  What does this case mean for Colorado...
Breckenridge smarter than Steamboat and Winter Park

Breckenridge smarter than Steamboat and Winter Park

Typically most of the mountain towns seem to replicate each other.  In this case, Breckenridge(Summit County) has made radical changes that will help real estate owners save considerable money. On top of that, the changes implemented were free.  Why are other ski...
One ski town goes all in on taxing second homeowners more

One ski town goes all in on taxing second homeowners more

After the legislature last year approved the ability to tax second homeowners more, one ski town is going all in establishing a “vacancy tax” for property owners.  Ironically nightly rentals can be considered “vacant”.   What is in the new Vacancy tax...