Interested - insulated market.  I recently read the Colorado resort market is still strong in places like Telluride.  Can’t remember all of the blog sites I saw there but this one has a lot of info if you are interested.  http://tellugramblog.blogspot.com/

It seems that Recreational Real Estate is still holding on, however the mortgage crisis, which is in part built on Realtor Data that has No Quality Control has created an unstable market in the local as well as the national housing market.  There is No Consumer Protection in Real Estate and the House of Cards the National Associatio of Realtors has in play is Not Good For the Real Estate Consumer.  Real Estate Forms Are to Protect Realtors. The E and O insurance that Realtors have, and seem to pretend it is to protect consumers is REALLY to Protect Realtors FROM Consumers.  Take Care out there folks, there is No Insulation from Real Estate Fraud.

There is no such thing as an insulated real estate market. An the idea that resort real estate is insulated is completely idiotic. Resort real estate is historically FAR MORE volatile than broad-based real estate markets for the very reasons that are cited by the local real estate propagandist that did his so-called study. Is he not aware of the absolute death-spirals that have taken place in the 70s and 80s in such places as Aspen and Park City. Because resort real estate is primarily discretionary and often bought on emotion, entire markets climb at unrealistic levels only to collapse (especially in the condominium sectors) only a decade or so later. Most people buy in Whitefish or other resort real estate locations because they want to—and not because they are being moved there for a job etc. These forms of discretionary markets are highly volatile. Furthermore, there are a very small number of elite resort real estate markets where the super-rich choose to buy. Telluride and Aspen are among them. Thank God Whitefish is not such a community and while there are a lot of wealthy people who move to Whitefish, it is a fairly middle-to-low end real estate market in the scheme of things globally. Sometimes these super high-end markets can be more insulated (probably because the taxpayers are always bailing out the screw-ups of the super-rich) but any informed and educated analyst would never compare the Whitefish resort market with that of Telluride or Aspen or even Jackson Hole where the medium property costs upwards of $800,000 compared with Whitefish where the medium price is probably closer to $290,000 today.

As a real-estate investors we need to stay grounded but many of us pick and choose our information to reinforce our personal illusion for what is really happening around us.

We only have a few more years of Baby boomers money then what??????

I wonder if Tom Still Feels that the Whitefish Market is “insulated” - I mean that Ghost Town south of town, where all those townhouses are, I mean theres a Clue.  The Canadian Dollar WAS holding up Montana Recreation Real Estate but that it Dropping .. so hang on.  If your Realtor does not get Internet Marketing or Allow you to market on websites that do get internet marketing then your Realtor will convince you to Keep Dropping your prices and call that doing their job.  Dump your Realtor ... Get Internet Marketing.

Yeah, and Kalispell is too. The homeowners in Kalispell need to suffer a lot more and bring their prices down down down into reality land. Until they do, forget it!