“The high-end buyer has disappeared,” said Tim Estin, an Aspen broker whose Estin Report analyzes the Aspen-Snowmass real estate market. He has a theory: The luxury nosedive is a lingering hangover from the recession. With all the uncertainty in the global climate today…”I really believe as we come out of the recession, everyone is looking over their shoulder, scared there may be another 2008-2009 event,” he said. “I call it the boogeyman of the 2008 crisis. It just makes people very cautious.”
Link to article by Jason Blevins Aug 13, 2016 Denver Post
