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...
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...
Why is Denver real estate falling?

Why is Denver real estate falling?

Denver has a 1.5 billion dollar plus problem as  office values in a free fall.  This puts Denver in one of the top three worst office markets in the entire country.  Ready for a huge rise in your property taxes?  Why is Denver suddenly moving from hot to not?  What...
Is Denver real estate actually rising?

Is Denver real estate actually rising?

  Take a look at the chart above from the Colorado Association of Realtors.  From the chart it looks like Denver real estate prices are staying constant or slightly rising.  Now, look at the chart below from Zillow for single family for the same time period.  The...
Colorado Napa valley of pot goes up in smoke

Colorado Napa valley of pot goes up in smoke

  Cannabis was the new goldmine for many years.  Unfortunately, the high does not last and is turning more into a hangover.  The napa valley of pot is no more.  What led to the bust of the Napa valley of pot?  Who are the winners and losers in the new paradigm? ...