Vail in big trouble, will they sell Breckenridge and Park City?

Vail in big trouble, will they sell Breckenridge and Park City?

  Take a look at the stock chart of Vail Resorts, which has lost almost 60% of its value in the last five years while the S&P has returned an approximately 90% gain.  The vultures are circling with a Utah billionaire proposing a sale of Park City to stop the...
Is affordable housing worth 2 million a unit?

Is affordable housing worth 2 million a unit?

Over the last 30 years I continue to hear about the “affordable housing crisis”.  Do we really have an affordable housing crisis or a leadership crisis within the ski towns.  A recent proposal in Steamboat pegs the build cost of one affordable housing unit over 1.7m....
20 dollar beers will radically alter Colorado real estate

20 dollar beers will radically alter Colorado real estate

In the legislature, it appears the biggest struggle for Coloradans is “$20 beer at a Nuggets game, the $10 water at the airport or the $80 Tylenol at the emergency room,” state Rep. Yara Zokaie, a Fort Collins Democrat, said during a news conference at the state...
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...