A recent study of the housing of Summit County, CO is showing skyrocketing prices that are leading to locals being priced out of Summit County ski towns.
Housing costs have gone up 20-40% in recent years. Working families are paying up to 80% of their income on rent alone.
“On the rental side, there’s about 100 percent to 220 percent increase and I really doubt the workers got a wage increase of that amount.” – Gaston Feuereisen, with the Family and Intercultural Resource Center
As our cities become more populated and our stress levels increase for numerous reasons, more and more individuals are returning to nature and the mountains for some brief relief from the chaos. This in turn is causing a very serious housing crisis which is extremely evident not only in Summit County but in mountain towns and small vacation destinations across the country.
The major dilemma is that all these towns require the working class to support the large tourist industry, but without affordable housing this tightens the noose on businesses and people alike.