November 2010

There are 4 blog entries for November 2010.

Q: Can you get a good deal on buying a new place at auction?  What should I watch out for? 

A: Although it is possible to get a very good deal on a condo at auction, understand that you are taking risks.

A developer doesn't turn to an auction unless more traditional sales methods haven't worked. As sales slow–or perhaps never catch fire in the first place–builders often cut corners any way they can, perhaps by hastily finishing amenities or using lower-grade materials. They may stop paying subcontractors, not fund reserves adequately or otherwise stop living up to financial obligations; cut back on maintenance of common areas like lobbies and pools; and skimp on landscaping and pest control. Such penny-pinching can cause problems for new owners.

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The Home of Champagne Powder® snow will be serving up a plate full of pre-holiday powder when it opens for the 2010/11 season on Wednesday, November 24th with 5 lifts, approximately 926 acres and 66 trails, including much of its legendary tree terrain. In addition, a specially-priced $30 lift ticket and a $20 lower mountain lift ticket option will be offered on opening day, also known as Scholarship Day.

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“You have to go back more than a decade, all the way to the 1996/97 winter, to see as phenomenal a start to the season as we’re experiencing this year,” said Chris Diamond, president and chief operating officer of the Steamboat Ski & Resort Corporation. “With arguably the best snow conditions in Colorado, powderhounds at Steamboat will truly have

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Steamboat Ski and Resort Corp. started making snow Tuesday evening, according to a news release from the resort.

A record 93 guns were being used, the release stated.

“The early season snow product will be significantly improved this winter due to ongoing snowmaking improvements, technological advancement and additional hardware,” said Doug Allen, Ski Corp.'s vice president of mountain operations. “With this technology, crews take advantage of shorter cold weather windows; cover more of the trail; and treat guests to a drastically better early season skiing and riding product in the process.”

Steamboat’s snowmaking system was expanded and upgraded this summer resulting in an increase in water flow, pressure, production and power, according to the

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Economist Carl Steidt­­mann offered an audience of Steamboat Springs business people the prospect of a thaw in consumer spending in time for the holidays. However, he likened the steepness of the hits the local economy has taken during the past 30 months to a double black diamond ski run.

“You lost 2,000 of Steam­boat’s 15,000 jobs over a 30-

month period. That’s a fairly depressing number,” Steidt­mann said. “The fact that you’re surviving this tells me you are very savvy businesspeople. I think (employment) will stabilize in the summer and fall (of 2011). Consumers are coming out of the bunker to spend more on gifts and entertainment.”

Steidtmann is the chief economist for Deloitte Research and works on behalf of a list of global clients. He’s also a

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