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- [00:01]
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Grainger knows when you're a procurement manager for an office park, you're not managing one building, you're managing all of them. And to stay ahead, you need to see through walls and around corners. Lights about to fail. Filters ready to clog. H Vac on its last leg. If you wait until something breaks, you're already behind. Count on Grainger for quality products, easy reordering and 24. 7 support. Call 1-800-GRAINGER click grainger.com or just stop by Grainger for the ones who get it done.
- [00:30]
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today's discussion is Aspen Home sales drop. So here's the deal. Through the first half of this year, Aspen home sales dropped precipitously. Now, as a family, we're more personally invested in Park City Deer Valley, Utah than we are in Aspen. But whenever these luxury towns get hit, it worries anybody who's an owner in other ones that this may be contagious. And in a cold that other towns get, Utah certainly struggles from a huge amount of building, and we always worry if it's overbuilt and saturated. Our only hope is that the Californians and the California taxes keep pushing people to invest in Utah and keeps the prices there. Again, even with that discussion, because so much of the money in Utah and home sales in Utah goes to California buyers. Article today in the Wall Street Journal or article on Monday, California Billionaire tax when support from the state Democratic Party. So they're going to push this tax, try and push this tax forward. That's fascinating. Very like highly contested but professing to watch. So we'll see what's going on with that. But again, Aspen home sales tank. We hope it doesn't happen at Park City. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. We hope you enjoy these short episodes. We'll be back with you shortly. Thank you for listening to our podcast.
- [01:50]
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Grainger knows when you're a procurement manager for an office park, you're not managing one building, you're managing all of them. And to stay ahead, you need to see through walls and around corners. Lights about to fail, Filters ready to clog H Vac on its last leg. If you wait until something breaks, you're already behind. Count on Grainger for quality products, easy reordering and 24. 7 support. Call 1-800-GRAINGER click grainger.com or just stop by Grainger for the ones who get it done.