People have been asking me what the new rules of Jackson Hole real estate are:

1.  Buy what you love.  Don't buy what you like.

2.  Plan on keeping the property for 10 years.  Don't think you might sell next year.

3.  Buy what you need.  If you need 2,000 sqft, don't buy 4,000 sqft.

4.  Buy what you can afford both in time and money. 

5.  Buy A+.  Make sure the property has some kind of amenity, whether stream, close to downtown, roofdeck, etc. 

6.  Buy on fundamentals.