Aspen CO, – It is time to pull our heads out of the snow. Look around this town and you will see that Aspen is not immune to the global economic meltdown. Yes, when it comes to skiing we are out of this world, but not when it comes to real estate. It is time to acknowledge the reality in realty. Sure, it will be a little painful to admit that local real estate values have fallen tremendously, that annual appreciation of 15 percent or more per year is a dream from the past, and that there is, in fact, risk associated with investing in resort town property. However, and this is going to sound like the craziest thing you have ever heard, telling people the truth about investing in real estate here just might be the thing that gets our economy going again. By Roger Marolt, Jan 16, 2009, The Aspen Times

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