I live and work in Breckenridge, CO! My expertise is in luxury real estate and fractional ownership at private residence clubs and fractional properties. Many of my clients ski with me and ask me for professional advice regularly!
There has been gross overbuilding in the housing and Breckenridge rental unit markets, accompanied by overdevelopment of retail outlets. Near where my wife works, a realty in Colorado developer built up a large retail area (including a Super Target, a Lowe's, a Best Buy, a J.C. Penney...and dozens of smaller stores. This was all planned to service a huge projected Colorado housing boom along the west edge of the city, one projected to eventually be occupied by approximately a quarter of a million people. Well, only a fraction of the land slated from Breckenridge Colorado housing development has actually been built, and a number of these units either have gone unsold or have gone into Colorado foreclosure. Meanwhile, the retail stores are virtually devoid of customers.
Oh, and this has all taken place in colokuznya of the "white states" where recovery is supposedly going to start this year. I don't see how that's going to happen when the housing developers, after some sales schemes last fall and over the winter to reduce inventory, seem to have returned to business as usual, even to the point of building new albeit larger and higher income properties. Apparently they haven't learned a damn thing.