"There are a lot of dead carcasses on the road, and the vultures are out sniffing. This is the cycle of Wall Street. When bubbles crash, you get the value guys who come in and say, ‘This thing is cheap.’"ANDY KESSLER, a former hedge fund manager.
Vail usually sees a supply in the real estate listings at the end of ski season. While some sellers are very motivated to make a deal, the bottom has not fallen out of the market. The falling dollar has made overseas property investments more affordable than ever. The Vail real estate market is seeing particularly strong demand from European buyers riding the wave of the strong euro ($1USD = $1.58 Euro at time of post). The less expensive homes is where the softness is really occurring given that many high-end investors are more insensitive to economic slow downs.
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