Now that’s a haircut
Dear Editor:
In real estate, when someone goes to a lower price for their property, we call it a “haircut.” Well, Prince Bandar’s property recently sold for $49 million. He originally offered his luxury compound for the mere price of $135 million.
The Guinness Book of World Records will no doubt list this as “the biggest real estate haircut ever, $86 million.”
I know who the buyer is. His hedge fund made $15 billion in 2010. He is in a book called “The Big Short.” Fascinating reading.
Richard Goodwin
Snowmass Village
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: 
Moderator 
Trusted User
Epic vs. Ikon ski pass war reshapes U.S. ski industry
For the first time ever last season, skier visits generated by ski passes exceeded skier visits from single- and multi-day lift ticket sales at U.S. resorts, according to a study for National Ski Areas Association.
