Colorado ski real estate: interest rates, second-home rules, Vail Resorts, ski passes and sales tax trends in mountain towns.
The state of Colorado has ruled that Silverthorne cannot require all buyers to work at least 30 hours in the county to buy affordable/deed restricted housing. The implications of this ruling are monumental for affordable housing throughout Colorado. ...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
Gunnison county, home to Crested Butte ski resort, issued an order banning non resident visitors and homeowners from remaining in the county during the pandemic. This is the first city in Colorado and possibly the country to ban property owners. Furthermore, Clear...
We are still Lending! Do you know where I took this picture? It is amazing how quickly fortunes have changed, less than a month ago Vail resorts stock peaked, yet over the course of a few weeks
The National Association of Realtors released their 2019 US Vacation Homes Report; Colorado made quite the splash with 6 of the top 10 most expensive towns and 5 of the top 10 vacation towns in percent of vacation homes. There were several surprises. Which counties...
After filing for divorce from Vail's Epic pass last season, with much fanfare it was announced that Arapahoe basin was quickly back in the singles line looking to start a relationship with the Ikon pass Unfortunately, Arapahoe basin did not get married to Ikon, just...
Breckenridge, Steamboat, Vail, Winter Park, and Telluride have all achieved record sales tax revenue this season. You aren't imagining it, the mountains are getting busy! What is driving these all-time records? How does this impact real estate? Will real...
The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates. At the same time real estate continued to skyrocket in most mountain communities. With all this good...
I learned the hard way about investing in mountain towns. I successfully lost over 100k on my first ski investment property! Hindsight 20/20 I violated 1 of the 4 golden rules of investing in mountain property. I developed these 4 rules after evaluating thousands...
