1975: ‘Prices will never go down in Aspen’
In celebrating the 125th anniversary of The Aspen Times, we are printing a story or two from each year the newspaper has existed 125 historical selections in 125 days. This series is in conjunction with the Aspen Historical Society. Prices will never go down in AspenAfter only three years of existence, Carol Ann Jacobson realty has become one of the top offices in town in terms of volume and listings.One reason for success, no doubt, is the confidence of its founder, Carol Ann Kopf. When asked if she would submit herself to an interview about the real estate market Carol Ann answered Come on over. Nobody knows more about real estate than we do.BOOMDuring the late 60s, there was a good boom in real estate, but in those days, Carol Ann remembers, a very expensive house sold for $100,000. A realty would list its highest price houses as 75,000 and above.By 1972, she says, the $150,000 to $200,000 house had entered the market. And now, of course, its not that uncommon for a house to sell for $300,000.The market still enjoys a wide range. Carol Ann has sold condominiums this winter ranging in price from $20,000 to $150,000. Her office has houses listed from $40,000 to $200,000.Are prices going to drop in Aspen this spring?Prices will never go down in Aspen. answers Carol Ann. People are selling at reasonable prices rather than seeking an inflated return, but prices are not going down.The reason is availability Id say our business is 90 percent in resales rather than first-time sales since we have slowed down growth and there arent that many new developments. There is a consistent turnover which is the nature of any resort community.There are only so many lots so that only so many houses can be built. Everybody wants to live in the West End, in Starwood, or on Red Mountain but those lots are almost completely developed.She adds, Id say we have the most stable economy of any resort in Colorado and probably any resort in the country. (March 20)Police nab pair of high-speed hat snatchersTwo visiting men were arrested here and charged with disorderly conduct, after a pair of high-speed hat snatching incidents during the evening of March 24.The two, Daniel Dibble, 26, of Denver, and Anthony Hoyt, 37, of California, were stopped by police after the incidents in which they drove past pedestrians in their jeep and grabbed the hats off the heads of their surprised victims.One suede cap and one Stetson hat were snatched.The two pled guilty to disorderly conduct in city court later in the week. (April 3)Lift ticket thieves strike fast & often on EasterTwo unusual incidents involving lift tickets were reported to the Aspen Police on Easter Sunday, March 30.Leonard Seligman, visiting here from New Jersey, reported that at 5 PM he was walking towards the Copper Kettle when an unidentified man came running by him at full speed and, without slowing down, yanked Seligmans six-day lift ticket from his neck.Seligman was uninjured in the incident and police started to search for a fast-moving young man with a slightly ripped six-day pass.Two days later, acting on information from what Aspen police termed a concerned citizen, police arrested a California youth whose name was not released since he is several weeks short of his 18th birthday.The second incident, which ended with the arrest of Richard DeBoard, 25, of Steamboat Springs, involved the purchase of between 30 and 50 day tickets with a stolen credit card.According to police, DeBoard apparently purchased the tickets that morning with an American Express credit card at several different ticket outlets.After the purchases had been made, a ticket sales supervisor called American Express and discovered that the card had been reported stolen.Ticket sellers were alerted and later in the afternoon, when DeBoard tried to return some of the tickets at Buttermilk, asking for a refund, a security officer was called.The security officer went up to DeBoard and said hello, and DeBoard asked him if he wanted to buy a lift ticket, cheap.DeBoard was arrested. (April 3)
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Entrepreneurship and small businesses will be vital to the valley in both its near-term economic recovery and long-term economic resilience, according to a report and study by the Roaring Fork Leadership program.