Vacancy tax on nightly rentals 7500/unit in major ski town

Vacancy tax on nightly rentals 7500/unit in major ski town

Crested Butte, CO it the latest to propose a vacancy tax with one major shift, nightly rentals would be covered by the new tax along with second homeowners. Who knew that Colorado ski towns would be taking economic lessons from Portland Oregon,one of the worst...
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...
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...
What two factors predict Colorado ski town prices

What two factors predict Colorado ski town prices

Colorado ski resorts continue holding strong in the face of higher interest rates.  Why are interest rates not the best metric for Colorado ski real estate?   What two factors are driving the difference in ski town fortunes?  Will these trends continue heading into...