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Over the past few decades, rising home prices and a booming second home industry have priced many people out of Aspen. A few years ago, longtime Aspenite John McBride decided to do something about it. He spearheaded North 40, a housing development limited only to people who actually live in Aspen. KDNK's Mathew Katz visited him at his office near the development to discuss how the project is going nine years later.
Over the past few decades, the market for second homes in the Aspen area has grown exponentially. With the real estate bust, that growth has come to a halt, but such a prevalent second home industry comes with a number of issues. KDNK's Mathew Katz has more.
Investing in a house in the Roaring Fork Valley used to be one of the most solid investments a person could make -- at least until real estate market crashed two years ago. Now, investors are staying away from the market, but some say it's the best time to get into it. Bill Bronchick is the president of the Colorado Association of Real Estate Investors -- he spoke with KDNK's Mathew Katz about the market.
This week, we'll be looking at real estate across the Roaring Fork Valley, and we'll be starting with the high-end housing market in Aspen. Like most real estate markets, Aspen took a huge hit with the bust of 2008 -- upsetting a fundamental and reliable pillar of the local economy. KDNK's Mathew Katz has more.