Sunday, March 15, 2015

Thoughts about ski resort real-estate

There should be two sorts of growth policies at ski resorts (and all vacation resorts for that matter). A planned one, that deals with building “warm beds” that can be used by visitors who dynamically contribute to the local economy, as opposed to second-home that will only be used a few days in a year, occupy the landscape and needlessly impact the community.

Then, there should be another component that deal with organic growth. What would that be? Let say, you want a house in Aspen, Colorado? If none you like is available for sale, you find an empty lot, a house with tear down potential or a fixer-upper an you build. Of course, this approach doesn't factor in the development rights of landowners, but let them wrestle this out between zoning rules and the local planning department...

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