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Baby Boomers Are Leaving Behind a Trail of Luxury Ranches Difficult to Sell

Ranch

Despite a strong local economy, buoyed by tourism, the aerospace industry and the cannabis industry, the surge in supply has led to a lack of urgency from buyers—and is putting downward pressure on prices.

Decades ago, a generation of America’s wealthiest, raised on television shows like “Howdy Doody” and “The Lone Ranger,” headed west with dreams of owning some of the country’s most prestigious ranches. Now, as those John Wayne- loving baby boomers age out of the lifestyle or die, they or their children are looking to sell those trophy properties.

 

By Katherine Clarke

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