Our legislature recently enacted a new law that will impact large property owners starting this year. Who is impacted by the “Decarbonization law” Who will be paying millions for building upgrades (hint not the government)? Who will be on the hook for fines up to...
This election in Colorado is following similar patterns of tax and spend. I wish one of these elections we could vote to reduce taxes and spending! Did voters in Denver approve 1 billion in new spending? What ski town proposed a 17% short term rental tax? What...
I’m amazed at the creativity in Denver to tax property owners more. The recent proposal is a “ghost tax” on select rental properties throughout Denver County. This ghost tax could be a game changer for the rental industry in Denver. What is in the new...
Look at the chart above, the debt carried by Colorado’s residents is higher than any other state in the country including expensive states like California, NY, etc. The largest factor is mortgages but also note a stark increase in variable debt (credit cards,...
In my blog last week, Are Colorado ski towns running a Pyramid scheme, addressing the question of whether tourism is actually paying for itself or are ski towns papering over the tourism issue to continue to increase their budgets. The results were crystal clear. What...
Colorado ski towns are promising high returns from tourism to fund just about everything from roads to affordable housing and everything in between. The theory is that increasing tourism will essentially solve every budget desire in each ski town. What does this...
Can Denver’s fall in housing prices off its peak be contributed to politics? How does Denver stack up to other cities with different politics? Are Denver’s current woes a blip or a trend? Where do prices head from here? Take a look at the chart above, what is...
In my blog last week Vail loses major lawsuit what does this mean for real estate, I asked the question based on the new lawsuits and huge costs to ski resort operators where should you buy Colorado ski real estate? I was a bit surprised by the results with...
A fall from a lift in Crested Butte, leads to a 21m loss for Vail even with the ski safety act (first ever). Is the lawsuit actually a win for Vail resorts (even though they lost money)? Why is this case so monumental? What does this case mean for Colorado...
We are seeing an interesting trend in the short term rental market throughout Colorado. Cities like Breckenridge, Boulder, etc… have led the charge for short term rental regulation. Now counties like Summit County and Eagle county are putting countywide regulations...
Last year the Colorado Legislature passed a law “cause for eviction” that has radically altered the residential real estate industry and has led to over 200 police calls just at one apartment complex. Because of this new law, property owners and the police are...
In my blog last week Does a faulty outlet make a property uninhabitable, it now does under CO law, I asked the question what impact does Colorado’s housing legislation have on rental prices? The results were unanimous in agreement that the recent changes in...
Why is it so expensive to rent and live in Colorado? Every time I open the news, I’m amazed at what is happening in the Colorado legislature. As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property. The...
In my blog last week Colorado property taxes continue to rise even though values the same, I asked the question should there be a ballot initiative to reign in Colorado’s runaway property taxes? The results were unanimous in agreement that CO needs to limit the...
“Summit County has to look at itself in the mirror and say (maybe we need to) change the way that we treat people that come in and try to be a little bit more receptive to having them here… I don’t think that Summit County in general, has rolled out the red carpet to...
In my last blog post, Biggest Mistake by property owners in a wildfire. The results were pretty in line with what I would have predicted with the overwhelming majority feeling that Coloradoan’s are substantially underinsured. Please see below for the details ...
When I was writing this, there were 10 wildfires burning throughout Colorado (above is a pic of the Derby fire north of Vail), can you avoid the biggest mistake for a property owner; do you know what the biggest mistake is? Being a lender in Colorado for the last 25...
I was surprised to see the news that Eldora, in Boulder County, is up for sale. What caused the sale of Eldora. What does this mean for real estate in Nederland, CO? Why is the town of Nederland buying a ski resort? Is this even a good idea? Are property owners...
In my last blog post, Colorado has largest Golden Handcuffs in the US, I launched my first Colorado to see what the readers of my blog thought, the results were different than I would have predicted. There was a clear consensus of where real...
Colorado has the biggest gap between the average mortgage rate borrowers are holding and what the market is which could create a bigger disincentive to sell, according to a study from U.S. News & World Report. Why does Colorado have the largest...
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...
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...
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...
After the legislature last year approved the ability to tax second homeowners more, one ski town is going all in establishing a “vacancy tax” for property owners. Ironically nightly rentals can be considered "vacant". What is in the new Vacancy tax proposal? What...
