Relative to Aspen these ski in ski out home prices are dirt cheap. However, millions of Americans can’t afford a $200K primary home let alone a $200K second home. Tells you something about wealth distribution in this country, doesn’t it? Only $455,000? I think I’ll buy two of them. One for the family and one for a “tiger” den. While I grew up skiing and thoroughly love I will always remember Vermont summers the best. The best in the world…Recent price gains have been fueled by a federal tax credit for first-time homebuyers.” I thought the article yesterday stated that the rise in prices was due to fewer first time homebuyers purchasing homes? Who cares? A home is a place to live not a check Ski resort real estate  book or an investment. Home equiyt loans should be limited to 80% of the owners value. Letting retired people have reverse mortages is ok but that’s .If declines are slowing, another round of foreclosures should get us back on track. I wonder why they are talking about November? The Breckenridge real estate numbers are out for December and absolutely abysmal. If you are paying over $50 per sq. ft. in good Ski resort real estate areas you are paying way too much Here’s what CNN is reporting: “The S&P/Case-Shiller 20-city home price index recorded a decline of 0.2% from October. Prices were down 5.3% compared with 12 months ago.”