Colorado hard money loans in context: ski-town prices, landlord-tenant laws, ballot initiatives and nightly rental rules.
If you’ve been reading the news, it seems to be everywhere, complaints against vail resorts are plastered all over the media. With Vail the largest owner of resorts in Colorado and the United States will this derail the real estate party in ski towns or is there...
I’m constantly asked: “what is the best place to buy ski real estate in Colorado”. What are the key drivers of “value” for ski real estate? I think most people would agree that we are somewhere near a peak in real estate for this cycle, so it is important to answer...
There are two big laws coming into effect 1/1/2021 that will drastically alter Colorado’s Landlord tenant laws. HB21.1121 and SB21.173. Each have large changes in what a landlord can or cannot do and defenses a tenant can easily make to not pay rent. Are you ready...
Wow, 2021 has been quite the year in real estate. Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year. Where does Colorado real...
There is a new initiative, 31, on the ballot next year that will reduce the income tax rate in Colorado. How much will you save? (hint don’t get too excited) What impact will this have on the state of Colorado budget? (hint nowhere near what the state is predicting)....
In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of a property. Furthermore, the ordinance halted all new nightly rental permits. Why did the city implement this emergency...
If you looked at almost any mainstream media, each predicted a surge in eviction filings and pleaded with Governor Polis to halt any evictions. There were “studies” saying that 450k evictions would take place. Fortunately the “studies” missed the mark by a factor of...
I’m constantly amazed at Colorado ski real estate. Many markets are up almost 40% in the last two years alone with sales continuing to exceed. On the other hand, Denver and the front range real estate markets are starting to feel a pronounced slow down. What...
Apartment rents are rising rapidly across the northern Front Range, about triple the rate seen before the pandemic, with annual gains almost 20% in places like Parker and Colorado Springs. What is causing the large increases in rents? What did the federal reserve...
We are still lending. First, I want to give a hats of to these folks for their creativity, they took their bikes down a black run. This pic is the only time I saw them upright from top to bottom! I hate to update predictions only three months into the year, but...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
Denver rent has skyrocketed. A one bedroom in 2010 leased for 800, fast forward to 2018, that same one bedroom is now leasing for 1457 a month, a 79% increase. The legislature has taken up the fight with SB 19-225 that will reverse a 1981 Law that prohibits local...
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...
