Updated almost 4 years ago on . Most recent reply
Breckenridge Investor Connect
My wife and I own several properties in Breckenridge, CO and self manage all of them as short term rentals. I’m interested in meeting other experienced Breckenridge investors to compare experience and learn from one another as we continually try to improve our operations and opportunistically grow. If you are interested in that, let’s connect!
Most Popular Reply
@James Carlson Totally agree with you about Fairplay and Park County, still lots of potential there. Thank you for sharing all of your knowledge with this community!
@Candice De For sure, something does need to change as the Breckenridge experience has weakened with its affordable housing situation and lack of workforce that makes the wheels turn in the local economy.
Have you personally seen any effects in terms of prices yet? I think it's a bit too early to tell, but maybe a little more sustainable appreciation rather than the 20%+. I've had one deal fall out of contract after the Town of Breck announced their cap on STR licenses, other than that, people love Summit County and will continue to pay to live and work there. Long term, preserving the quality of life for locals and the community really has to be the #1 priority or else there really won't be anyone left to host and serve the millions of visitors every year.
One other thing I can't help think is that this is all happening right before the gondola lots are developed. BGV, along with other hotel and condotel operators, want less competition from STRs and have a strong arm in influencing the town's politics.