The new land rush in Wyoming

Teton County in Wyoming is home to the widest income divide in America, with a median house price of more than $5 million and an average income of $318,000. Correspondent Ben Tracy looks at how the wealthy, drawn to the state's picture-perfect settings, have been squeezing out the middle class - the very people needed to keep the community running. (An earlier version of this story originally aired October 16, 2022.)
#jacksonhole
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[@chrism2042]

We just returned from vacation in Jackson Hole. A river rafting guide told us exactly what was happening, with him looking to move because he can't survive there. The average paid workers can't afford to live due to rent being so ridiculous. He told us it was the 2nd most expensive place to live in the US, following NYC. Said a couple just purchased a 0.25 acre lot to build a house, they paid $4.2 Million for the lot. On top of that, home owners insurance is rapidly increasing due to rip-off insurance companies and potentials for forest fires. There are restaurant workers, store workers, guides and other average paying employees living in campers and many their vehicles just to survive. What are the wealthy going to do living in a multi-million dollar home with nothing open in town because there are no people to operate the businesses?

[@DonB.-Mulefivefive]

Hope it burns.

[@twystedhumour]

Their problem. I just wish that the regular ppl like us "economize" and move to where they can afford. When the wealthy are left with no-one to "serve" them, then they can consider paying more for services.

[@E1VM]

Wish i had a cozy job like a "tour guide" and then cry about the low pay. Nobody is forcing them to stay.

[@jackchueh1231]

Eventually, you’ll need to tax on income.

[@dianehess5520]

Don’t worry about the wealthy, they will figure something out, or move to one of their many other homes.

[@jeffportnoy3863]

"You either have 3 homes or 3 jobs" That's the new America we're letting them create. Much of their wealth derived from technology

[@victorblock3421]

The technology that has double life expectancy in the past century and allows you and cry & whine about everything.

[@ww2remembered983]

What gets me is working people and the non wealthy working people supporting Trump. He's a 'real estate guy ' !! In other words, he loves to make that easy money in RE and wants the wealthy like himself to pay as little as possible in taxes. Talk about voting against your own interests! As it's all about lie, blame and deflect to keep us fighting amongst ourselves over culture wars they created! As they rip us all off blind!

[@LilyGazou]

Big pharma. Anyone who invested during the Covid bs.

[@salpine]

Absolutely. This problem is not just confined to Jackson Hole Wyoming.

[@AndrewSmith-uz8bg]

I guarantee you that is the democrats plans to ruin so many states surrounding California and other states like Texas, Florida, Tennessee, etc.

[@stevemccurdy9201]

This already happened in Wisconsin. Exceedingly wealthy people from Illinois have built huge McMansions in our Northwoods, tearing up the environment and displacing small cabins that have been in people's families for generations.

[@mannyechaluce3814]

You can either have that or blight, your choice

[@Polack-ml9fh]

Well all those people didn’t have to sell their cabins, but Greed got the best of many of them too. When you have a cabin that your family built in 1950 that someone’s willing to pay $1.0million for, the decision is theirs. Also, the Wisconsin northwoods has always been the Chicagoan’s playground. That’s the only reason the bars and restaurants in the region are able to stay open. 30 years ago Jackson hole was much different.

[@tysonkampbjj]

@@mannyechaluce3814 That's a false proposition (false dichotomy). Learn logic before making propositions.

[@margretblair5389]

Save Wisconsin vote ♥️ red

[@RobertMJohnson]

Uh. This is Jackson, Wyoming, not Wisconsin. There’s no comparison

[@scottwomack8905]

The same thing has happened in all the major cities in Florida. Local people can no longer afford to live here.

[@marygoff3332]

Yes. Up 30-35% over just last year.

[@Lionsmaneman]

We went to Tampa last year beautiful million dollar mansions everywhere. We had to drive over an hour away just to find an affordable hotel!

[@darylhill9400]

Yeah, I’ve been in Stuart Florida since the in 1980s and it’s being destroyed with over population! There used to be anti-developing city Council now it’s fullbore Republican dominated, greed, mongering, destroy nature situation

[@sierrarmcclain]

This is happening in Montana too. People have moved in and built multimillion dollar homes, raising the tax prices. The average house price in Bozeman, MT is $710,500. I was born and raised in Montana and I probably won’t ever be able to afford to go back and live there.

[@raymondkidwell7135]

Same thing in Florida. Mostly people from California and New York driving up real estate. Even though it’s high everywhere right now it’s insane in Florida. Full time job live homeless

[@TheTonialadd]

My daughter lives in Montana near Glacier park. She works three jobs and she’s homeless. Rentals are overpriced and forget about being able to afford to buy a house…

[@bertrenolds5]

@@raymondkidwell7135 your taxes are insane there and good luck insuring your home

[@twasbrillig33]

Don't worry Sierra, this is happening everywhere =D

[@jasonlommen4769]

Yep. My whole family is in MT. Thank goodness I can buy cheap land from my family. We never sell to outsiders. My brother and his wife are both professors at MSU and they do not qualify for a house loan. They are sick about it. They pay over 3k for rent and likely have to move and then commute an hour each way to work. It’s terrible how much the cost of living is there. The average folk just can’t make it.

[@txgreasemonkey]

This happened in most mountain towns in CO back in the late 80’s. Forward to the present, my brother lives in a small town in CO and 60 percent of the houses sit empty for all but two weeks out of the year because they are owned by out of state people and they use as vacation homes. The homes that are available are way too expensive for a local to even think about buying. They are starting to build “affordable housing “ but these are mostly one or two bedroom condos. Fine for single people but if you are a family with two or more kids your out of luck.

[@poetcomic1]

Aspen needs a small army of workers to wait on the rich hand and foot but has no place put them. It is getting absurd.

[@netherman1325]

This is a really important issue to me, When I am old enough to vote I am going to make it my goal to stop the gentrification of Colorado, because it is depressing. I hate driving through the mountains only to end up seeing golf courses and $10 million Vacation homes everywhere.

[@poetcomic1]

@@netherman1325 You are SO too late.

[@alexlopez5800]

​@@netherman1325It seems like all the covid $ went straight into the pockets of the already wealthy. Making them even wealthier. This is a national problem, not a state problem.

[@mysticone1798]

You're talking about a Colorado resort town, obviously, where wealthy people buy into it for summer homes and for occasional ski trips in winter. It's part of Colorado's tourist trade, and a great way to raise money for the state. Just because the houses aren't occupied for the entire year doesn't mean that the people who own them are criminals. If you can't afford to live there, you can choose from THOUSANDS OF CITIES all across the state and the country!!!

[@delavalmilker]

Back in 1968 when I was 13, my family visited Yellowstone on a driving vacation. Back then as a Nebraska farm kid this was a BIG journey for me. I remember how Yellowstone was crowded with tourists. Then, when we drove back, we drove through Teton National park. It was so peaceful and especially beautiful. Hardly anyone around. I can still remember it to this day. Now I see videos like this, and I'm heartbroken.

[@netherman1325]

It is truly a shame, I live in Colorado, I haven't actually seen the place go from quiet town to suburban sprawl, but I am witnessing the aftermath and the suburbanization of everything good in Colorado. I wish people would stop moving here and I wish the local government would come to their senses and realize that the grasslands are beautiful and 2 million dollar suburban duplexes aren't good for Colorado.

[@HomelessOnline]

What was the population of America back in 1968? Living in Montana in 1968 was probably very difficult with much fewer people living there.

[@larsonfamilyhouse]

Lol it was perfectly fine and regular. Better than today. Affordable with similar people minus all the super rich ones. Montana has always had rich ranchers but these other people moving here for fun is what’s ruining the beauty of the mountains in small towns. It’s also making everything else unaffordable @@HomelessOnline

[@showwhite7320]

@@netherman1325 Just playing devil's advocate. Why are 2-million-dollar suburban duplexes bad for Colorado? Why is suburbanization bad? Why is wildlife necessarily good? What about progress? Why are grasslands necessarily prettier than soaring skyscrapers? I think it's dangerous to blindly believing in keeping things the same. That's how traditionalists like the Taliban think.

[@netherman1325]

​@@showwhite7320 Two million dollar suburban duplexes aren't necessarily bad for Colorado's economy, but they are bad for the people who want to live there, or in my case, stay there. The existence of those places help drive out the middle class, and force hard working individuals into shacks that still manage to cost 500k. (Referencing 98 Alcott Street, Denver which took me less than 5 seconds to find listed on zillow.) As for why suburbanization is bad, it spreads everything out, and on purpose too. For instance, if you look at a place like Paris, its about the same size as Denver, but while Paris has a population of 2 million, Denver has a population of around 700k. The reason for that is while paris has Urbanized, Denver has Suburbanized. Paris focused on multi story apartments rather than single family homes. With the whole of Colorado, A majority of the state lies in the Grasslands, but due to agriculture and Suburbanization only about 1% of the plains exists. It is one of the least protected bits of nature on earth, and some of the last holdouts of the great plains exists in colorado, where suburbia is being built over it. The thing with the skyscrapers vs grasslands is, most of our skyscrapers arent even pretty to begin with. There was no attention to detail when creating the cash register building, and while it may be an interesting sight to see, the open expanse of the grasslands is prettier, and 100x more relaxing.

[@user-po3mh4dy9r]

Jackson Hole isn't even Wyoming anymore. Back in the 80's I loved to go there, and planned my travels to put me there. Now I refuse to go there. Partly because I don't want the wonderful memories destroyed either. Yes, it's happening all over the West. Ironically, the people fueling this destroy everything in their path, just as they destroyed the places they come from.

[@dfuss2756]

Truth.

[@928pcar]

That's because they leave blue states like California because of the terrible policies then continue to vote that way when they get to a red state. Country is doomed

[@missmandy2049]

Yes, these are the people who vote democrat until their city is in ruins & not fit for habitation, then they pack up & flee. They have the means to run far away & hide in the comfort of the peaceful countryside, but, unfortunately, they’ll very likely bring their horrible voting habits with them & if so, they’ll eventually turn that peaceful, beautiful countryside into something unrecognizable, unsafe & uninhabitable.

[@stj971]

I knew a woman who was elderly in 1976 told me how beautiful JH was back then. I'm sure it's ALOT different now.

[@johnbanach3875]

It's not just Jackson Hole. Same thing happening in little old Encampment, WY, near the CO border.

[@jackfenton2271]

"Being closer to nature" in a 6,000 square foot home for two.

[@arthurmead5341]

Well it is still closer to nature. Not exactly LA out there, is it?

[@mattywho8485]

Translation: He voted Democrat in California for years, then ran to Wyoming to escape the tax burden in California that he helped create !

[@floridaviolets9601]

@@mattywho8485 no he made lots of $$$ in a blue state and fled to a red state because of tax breaks.

[@matildagreene1744]

So cozy 🤣

[@thelaxlair6727]

sounds good to me

[@strngenchantedgirl]

The rich dude - “I’m willing to give money to charity”. People don’t want to have to rely on charity. Maybe try pushing to build low income and affordable housing. So people can maybe afford to go to the grocery store instead of the food pantry.

[@1000buffalos]

With land prices as they are in Jackson, how would "pushing to build low income housing " look like? Who has to go without?

[@SurpriseMeJT]

I noticed the same hipocracy. Sure, he's giving money to charities which preserve the nature that he's bought into. He could care less about people working for money in that town. His fortune rests on people working for a living to grow companies and yet he's here saying that he doesn't actually want to live in a capitalistic environment.

[@KR-rs3sj]

They'll never understand that we don't even want their charity because we don't want them. Say you're from Jackson anywhere outside of Teton county when you're in Wyoming and watch the looks you'll get.

[@ljmolly4029]

It assuages his guilt while he exploits the tax system

[@calebamore]

I was invited here to become a police officer. I calculated that it was just impossible for me to get my own place to live based on what they were paying officers. Had to decline.

[@melamineflorentine8134]

and yet being a police officer or an essential worker could be used to convince these areas to create housing solutions for you. They have their 3500 acres ranch and somewhere nearby they can build a normal little American town where you could live among firefighters, cops, electrical workers, teachers and make the commute each day. Bet you could get an interested group together.

[@jam-lm1sz]

@@melamineflorentine8134 we have many dead towns, towns that are holding up but at times seem dead. Just restart them instead making more of same crap. Havoc on trees and lands, water already going on.

[@BrentsView]

Sounds like a company town. Who wouldn't want to live there?@@melamineflorentine8134

[@DavidEason-ui5ty]

@@melamineflorentine8134I am surprised the rich people haven’t created worker towns nearby like the old company towns

[@willong1000]

@@melamineflorentine8134 Why bother? If everyone simply withheld offering their services to those ultra-rich "elites" they would either have to hike up service-industry wages to livable standards, and thus ruin the tourist trade that sustains such resort towns, or abandon the areas themselves. The latter seems an ideal situation 😆!

[@jonathanstensberg]

Remember kids, “If your barista can’t afford to live within 15 minutes of you, you live in a theme park”

[@JimPfarr]

The same thing is happening all over the west. I grew up in a small town in western Montana, my father bought 25 acres in 1974 for $500 an acre. The new owners of that land are selling 13 acres for $700,000 in a town of less than 1,200 people. Bozeman has gone stupid expensive, along the lines of Jackson Hole. Even the teeny town of Philipsburg, MT is seeing west coast transplants dumping ludicrous money to buy a piece of the western dream. Meanwhile the hard working people who built the towns and lived the dream the hard way are being priced out of their lives and homes, not to mention the attitudes and behaviors of the new inhabitants. Sad, but it's the way of the west.

[@matildagreene1744]

Guess the newcomers will just have to live amongst grouchy people...some like it just the way it is and don't want the attitude ..Go party somewhere else.

[@dianemitchell1717]

Now those people know how the Indians felt when they were driven off their land. The wealthy and powerful always win until they too are shoved aside. To be fair there should be land set aside for middle class people and the lowly paid workers too.

[@danb.709]

Bozeman is not on a par with Jackson as far as cost and demand, Bozeman has room to grow, Jackson doesn't. I will agree the same thing is happening lots of places, but nothing is quite on par with Jackson.

[@muprock]

@JimPfarr You conveniently left out the part about how much money your father made from selling his 25 acres. If we were more honest, we would recognize that every landowner around here (except, perhaps, Native Americans) is participating in this. Everyone claims to be a true local, but in reality, they also came from somewhere else. Landowners who claim to have done things "the hard way", profited in the same way that the new wealthy are. The scale is now larger, but the phenomenon is precisely the same. I'm certainly not saying that all of this development is good. However, you and your father are no different from the newcomers you complain about. You're a hypocrite, walking around, blaming "transplants", acting like you and your dad invented the Rocky Mountain West.

[@Teemoney741]

Went to both places for national park. And they both depressing . Couldn’t pay me to live there ..No blacks at all

[@nancychace8619]

Ms. Hutchings is right. If the Blue Collar workers get squeezed out, how are you going to keep your town going? We've had a similar problem in Silicon Valley, where families who have been here for generations are getting priced out of the market and can no longer afford to live here anymore.

[@dreamsofturtles1828]

Exactly what is happening in my western NC town. Home prices shot up, no locals can afford them anymore and i dont know what the blue collar workers are going to do. Its so unfair, these are the people who keep the shelves stocked, work in the restaurants...and did it all thru the pandemic too.

[@ElSantoLuchador]

This happened in Seattle and now Seattle is falling apart. And since it's falling apart, all the rich people are leaving (I guess to Wyoming). Once all the rich people leave and the tech companies pull out Seattle will be affordable again and the crime rate will go down. The cycle of life. San Francisco people know what I'm talking about.

[@jwt1035]

You ask a reasonable sounding question, but practically speaking, just like ski towns, they’ve been managing to do it for a long period of time without any labor shortage. People want to live in these types of places so bad they’re willing to live in squalor.

[@nancychace8619]

@@ElSantoLuchador San Francisco is a mess.

[@hisaddle]

Aspen, Vail, Crested Butte, Telluride, the list goes on....ski towns, really beautiful places, the workers dont live there, they commute in. This has been going on for a long long time.

[@doughull9287]

This has happened in Colorado too. I moved 40 miles from from where I worked in a resort town due to lack of housing that I could afford. A large portion of the workforce has as well, and what this has caused is a shortage of workers in that community. Many local businesses have closed, and the larger, chain businesses such as the grocery store, building supply store, WalMart, restaurants etc. are understaffed to the point that they are unable to operate well. Even the resorts, which are the main main industry there are understaffed. The approach that the local government is taking is to try to provide subsidized affordable housing. This is a long process, and hasn't had much impact yet. I don't know the solution, and eventually the situation will find some sort of balance on it's own, but it has lowered the quality of life for everyone, both the wealthy and the worker.

[@georgewagner7787]

Why doesn't the government help you get an rv at least?

[@poetcomic1]

At least the hotels should have staff quarters as in The Shining.

[@simplymarvelous4983]

Theres a lot of affordable housing apartments all over Los Angeles they look exactly like the condos and lofts in downtown LA that the hipsters are paying 6 thousand a month to live in but you have to wait on long list to qualify I’m good with all that don’t need no handout I’m just saving some bread and moving to Vegas they got some nice areas like summerlin and Henderson where you get a new home with a pool for 400000 instead of living in the hood paying 1800 a month for a one bedroom and take a chance of getting robbed or shot LA is trash I hate to say it and this coming from a guy who was in prison for 14 years

[@KutWrite]

That's what happens when one looks to government to solve problems its politicians created.

[@ellafields9424]

@@georgewagner7787 Live in a RV in CO in the winter = certain to freeze to death!!

[@PBosco]

I live in rural Vermont and the same thing is present here. Alec Baldwin recently moved up the road from me. It's haves and have-nots. It's always been like this in Vermont. What blows my mind is you can go a few miles from a wealthy area to a poor one and life is so different. There are a lot of trailer parks off the main roads that don't show up in travel brochures. There is a huge drug problem in those communities. What is most maddening is the hypocrisy of the wealthy who consume so much and pretend to have compassion.

[@desktopfan8870]

I live in Bennington County too, and I know exactly what you're talking about. I'm fortunate enough to live in an affluent area but I hear a lot about the unfortunate circumstances of others who live in the area just 10 minutes away from me.

[@Actias1974]

I live in lamoille county. So….. try living in the Stowe area on a typical income. Sigh. I wish they would return to their cities.

[@showwhite7320]

Well, it's the fault of millions of Americans who constantly vote for Republicans. At least, Democrat millionaires pretend to share. Republican millionaires don't even hide their greediness.

[@Uncletoast52]

Like on Maui !?

[@JohnSmith-su3ze]

Why are you saying the problem is productive people who have made money by contributing something to society are the problem and not the lazy degenerates sitting around in trailer taking drugs? I agree with you though that any compassion the wealthy show is fake

[@juliethompson8685]

My condolences, Wyoming. People are coming.

[@mattt4374]

why? they voted for this. They keep politicians in office who cater ONLY to the wealthy.

[@dpeatebc7265]

She said, with a touch of misanthropy. 😉

[@matildagreene1744]

Good luck..LOL...They're not welcome.

[@juliethompson8685]

@@dpeatebc7265 Perhaps.

[@EndIsAtHand]

My condolences Native Americans, the Europeans have arrived.

[@Corpvet]

The problem is rich people crossing state lines and raising property values without a care for locals.

[@theviking2877]

Also money from.Russians/Chinese/Indians and not all of it is clean

[@victorblock3421]

Nice communist statement. Maybe they can clear out and let you move in.

[@philshifley574]

Honestly there aren't many "locals" from there. Most people are just transplants anyway

[@Grumpollion]

Hey let's cool it with the antisemitism.

[@LR-mh8hs]

It's the government that allows it. All states should have corporate and income tax for the wealthy, and it should be uniform.

[@cesarguzman2626]

This is happening all over America, not only in Wyoming. A few own all the homes and they rent them to the millions of poor people very expensive.

[@ghostrider51500]

It’s called “gentrification”. It’s happening all over Idaho, Wyoming and Montana.

[@61futura]

I visited in the early 80s when it wasn't much more than a regular tourist town. Part of the problem now is that they built a commercial airport because they apparently wanted the growth. If someone rich had to pack up the station wagon and drive three days to get there, there wouldn't be near the problem there is now. Same thing for Telluride.

[@Resistculturaldecline]

Ease, convenience, and accessibility ruin things. This I've learned in my life.

[@cletusvandamme6262]

Um, the Jackson airport was built before WWII.

[@younghan3573]

One thing I've learned is that rich people do not listen because they have so much money, they think they know better

[@twasbrillig33]

Yep!

[@steveb6761]

Figured out a long time ago that you have to live where most people don't want to if you want affordability. You can't live in one of the most beautiful places on earth and expect it to be affordable- it just doesn't work that way. Because rich people want to live there too and they're pretty damn hard to compete against. Sad but true. I avoid places with growth and people moving in and instead seek places where people are leaving. Where I live might not be Jackson Hole but I don't have to watch everything around me getting destroyed by growth either. I've lived in high growth areas in the past and the only thing I've ever seen growth do is diminish one's overall quality of life in pretty much every way imaginable. Staying in places like this and waiting for a solution is a fool's errand. The people profiting off of it are the same people making the rules and they definitely aren't interested in changing anything.

[@auntiegemini]

Its happening even in small rural towns in the south. Retirees from large cities moving in, buying large tracks of land, jacking up the price of land and building massive houses. Its pricing the younger generation and regular working people out of home ownership. It may be cheaper for them but it makes it much more difficult for those that have lived there for generations.

[@TK-gd9td]

supply and demand my friend. unless you want state controlled communism that can override free market actors. rural people hate communism, right?

[@johnmcbride364]

@@TK-gd9td We don't have a free market in this country, my friend, only the pale illusion of one. Eliminate the Federal Reserve and let this economy FINALLY become a free market.

[@jeffk464]

It already happened in big cities. The only way young people can afford to buy a house is if they're high end professionals, doctors, successful lawyers, etc. Whats really going to make you mad is they're not going to want to live through a Wyoming winter, so you'll find this is just a summer home. PS Wyoming is also a huge tax shelter, if they can claim Wyoming is their state of residence they save a fortune on taxes.

[@mav8332]

@@TK-gd9td Right, because the only alternative to unchecked capitalism is full blown communism? Snap back to reality and just entertain the idea that a system in which e-celebrities make more money selling farts in jars might not be the most equitable economic system if left running rampant as it is for these folks.

[@dvach6352]

Good. Young people do not need housing. They need to work on their careers. I have 4 Homes that I rent out. Most people prefer to rent than to own. This is a fulltime job for me

[@stevengyorfi4375]

A Wyoming-based realtor I know says that Jackson Hole is so wealthy, the billionaires have chased the millionaires out of town.The situation has gotten far and away worse since I first visited Jackson in the early nineties and stayed at the home of a friend-of-a-friend who was a school teacher and struggling to support her 2 kids. I have wondered many times what happened to her. Jackson Hole was already in the process of Aspenafication then and has managed to exceed anything we've seen in Colorado.

[@twasbrillig33]

"Aspenafication"...I think you coined a new word there. It works.

[@catalinmihaidobre5452]

There are 6 billionaires in the entire state of Wyoming.

[@TheLast-One]

An actual Realtor would have the 'R' capitalize

[@DavidWolf84]

Heard the same thing when I was in Telluride last year.

[@DavidWolf84]

@@TheLast-OneRealtoR

[@MD-sg4oc]

First time in Jackson Hole was over 10 years ago I went again about 2 years ago and man has it changed drastically. Way more upscale dining and stores compared to the old western feel of the past. Such a shame the elites did this and the state allows it.

[@WanderingExistence]

Lol, this is just capitalism.... yet, people hate and then say "well it's the best system we got". We need a new economic system.

[@mtns340]

@@WanderingExistence Capitalism can work a lot better if there's more checks & balances, & closing of loopholes. Right now it's more an oligarchy than a capitalist society.

[@WanderingExistence]

@@mtns340 Don't you realize that capitalist create oligarchies... When the main motivation of the economy is to make as much profit as possible corporations will lobby the government to create laws in their favor. Capitalism creates a system where a few people are able to control capital, that is oligarchic and plutocratic. Capitalism can't be tamed it is inherently misguided. Wage labor is renting yourself via "self ownership". Employment is literally renting another human being as if they're property. The employer-employee relationship is a very insidious dynamic. Employment is a rental contract, like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own enough capital goods to make enough income other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.

[@v7poistblaznei]

Last time I went was 10 years ago.......It had changed drastically since the late 70's............Looks like it's changing again.

[@RobertMJohnson]

@@WanderingExistencegrow up

[@bonbooty6611]

We were there on a road trip this summer. So beautiful but can also tell it’s a hard life in the winter.

[@PsalmS-vi8zl]

Same thing has been happening in Colorado. Very sad.

[@CooperMV]

Something similar happened in Vermont, during Covid all the wealthy people that had a 2nd home here became full time residents and invited their friends. Modest, even run down, properties were ridiculously overpriced, however prices are slowly coming down. A couple Vermont winters and the Flatlanders will be running back to where they came from…

[@Flyfishtherockies]

Vermont winters send the weak packing

[@Ispike73]

Same here across the lake in the Adirondacks. They are like locust and have left the towns with no affordable housing available. There isn't even any apartments available.

[@desmo8755]

Would like to believe that, but many are more than able to move to a southern home for the winter and leave the northern house either vacant or rented when they're away.

[@MTknitter22]

But lots of NYers are going to stay because urban E coast cities ruined by democrats

[@spiritcreek9813]

Jackson winters are very long, with temps reaching down to -20 or more. It’s ok, been there frequently around Christmas. Kind of isolated. The closest “city” with specialized health care and large airport is Salt Lake. About 5 hours away.

[@johndzurenko]

I love when rich people say, "I have an obligation to give it back". So long is it gives them a tax right off and does NOT give the people that need it a living wage. Every last one of these rich people have the same mentality. It is truly what is wrong with this country.

[@dac545j]

Yeah. I always wonder about 'The Fable of the Bees' when I come across stories like this. I suppose Wyoming and Texas will need to instigate income tax at some point or other but in the meantime it gives a place to go for 50-something millionaires, instead of Florida. *I'm not American, just interested in US culture, etc.

[@MatthewC137]

Most rich people earned their money by working harder than most while delaying gratification and creating jobs. There's no need for them to "give back" because they already did more good than most people. The richest people of all however often made their money through politics and therefore should give back because they represent a net cost to society not a net benefit.

[@wesleyhempoli5548]

Write* off

[@kjuarez29]

Start making those charitable donations not a tax write off and watch the hypocrisy take place.

[@flechette3782]

@@dac545j Income tax will be the last nail in the coffin for normal people. The billionaires can pay it or find tax shelters with ease.

[@johnswick4593]

I'm amazed that this is even news. This is happening all across America. Seattle, Portland, San Diego, San Francisco, etc...

[@manager4409]

Almost as if taking in millions of immigrants every year is bad for americans

[@FreeDumb101]

Teton County is worse than most places.

[@paulhunter9613]

What are you talking about? All those city’s you named off are city’s people are running FROM

[@wildcatgrljulie63]

It's happening in Indiana too. 😢

[@ESPLTD322]

People in many states have got to quit letting people from different regions build everything up and then abandon it. The obsession with destroying nature for profit disgusts me.

[@geraldking4080]

"No amount of charity in the spending of such fortunes can in any way compensate for the manner in which they were acquired." - Theodore Roosevelt

[@carynmartin6053]

🎉perfectly appropriate saying!🎉

[@BlueAgaveStudios]

Yeah, but he was another New York millionaire. A little easier to talk.

[@starlite556]

He knew that fortunes are acquired be selling your soul to satan. That is why the HOLY BIBLE, says that a rich man has about as much chance of going to heaven as a camel going through the eye of a needle.

[@howard5992]

@@BlueAgaveStudios - Well he wasn't criticizing people for being rich. He was discussing the fact that some wealth is made at the expense of others. It seems if the rich criticize the rich it is taken for hypocrisy and if the non-rich criticize the rich it is taken for jealously.

[@jtg1465]

💯👍🔥🔥🔥

[@elslick]

Born and raised in wyoming. Sad to see the way this great state is going.

[@Orville9999]

could say the same thing about idaho. everyone on the west coast is moving east and property isn't getting built fast enough.

[@elslick]

@Orville9999 yeah and they are both getting urbanized. Some of the most beautiful land in the US is thru the Dakota Wyoming Idaho region and its getting all kinds of wrecked.

[@The_Quaalude]

Get ya money up 🤡

[@johnnynephrite6147]

Dude the state of Wyoming has NEVER BEEN GOING ANYWHERE! Highest suicide rate in the country. Near the bottom in education, industry development, poverty, and NUMBER ONE in suicide. Hello. At some point ANY change is Good change.

[@tranger4579]

Same thing is happening in Texas. I live in a small town in south Texas and the rush if people hitting the coast is raining the price slowly on everything especially property taxes.

[@a.trevino30]

This is happening all over the United States we are only seeing the beginning.

[@myinfo11]

😭😭😭🙏🏻🙏🏻🙏🏻

[@umsami]

We need to limit how many homes one person/LLC/company can own. You should also have to occupy a home a certain number of months. We have a housing crisis and the backbone of this nation can't afford to live in it anymore. Homes where I live in FL have gone up $200k since Covid started. My home cost $200k when I bought it 20 years ago. Rents are $2500/month on a crappy 1-2 bedroom apartment. Much more than the mortgage I had, with nothing to show. I fear for my kids.

[@RealLifeFinance]

I agree, it needs to be addressed. The wealthy now own 2-5 houses and can only reside in one. The housing stock is in short supply because it's not being used for families. Something like 20 million homes are vacant at any one time in USA. Insanity

[@deva190]

That's going too far and will never be upheld by the courts, however.

[@melamineflorentine8134]

@@xlgnepo "free market" not "free for all market"... if the incentives and pressures overwhelm sensible motivations that can disrupt and damage a market. Every market has rules and must be regulated or it invites fraud.

[@porcian4306]

Then you become communist like Canada . Not good either .

[@paulgreen2303]

We moved to Jackson in 2000. Bought a very nice brand new home in a neighborhood 3 mi south of town. In 2005 we sold it for a couple hundred grand more than we paid for it and moved back to Texas. I keep track of the home and it's sold twice in the past 15 years. The last time it sold for 400% more than I paid for that same house. No major changes or improvements. It sits on 1/4 acre of land. It's a very nice $400,000 house anywhere else in the country. But certainly not a $2.5 million dollar home anywhere but Teton County.

[@komoru]

....or in Orange County by the beach in an area like Laguna Beach or Newport Beach.

[@Osnosis]

We encourage people to move to Florida or Texas. Be free!

[@Google123ABC]

@@OsnosisNo we do not. Same thing is happening here in Texas. Let me rephrase that. Has BEEN happening. All around the Houston area everything has gone up.

[@videograss]

Sounds like you lived in Rafter j-! I was there for almost 3 years-- my landlord's house went from $ 200 k to $1.8-$2 million+ since 1987 when she and her ex-husband bought it... And honestly it's one of the least attractive houses in the neighborhood and barely 1400 sqare feet....

[@melamineflorentine8134]

@@Osnosis I think the Florida & Texas miracles occurring there do have a limited shelf life. Fresh water doesn't grow on trees and a no tax limited government model works best when LESS than 30 million people crowd into your state. Plenty of derelict and abandoned cities that if groups of people moved there could be reclaimed like Wheeling, WV.

[@brooklynnchick]

The entire state is like this. Sheridan, Caspar, Powell, and Laramie are out of reach for all of us who were born here.

[@robbrown4621]

Would you consider a law making it illegal to sell any acre of land for more than $10,000? And would you support the idea of no home being worth more than $300,000 no matter its size or style?

[@LilyGazou]

Pool resources. Buy a big chunk of land. I’ll join and contribute.

[@robbrown4621]

Perhaps 20% of all high end real estate taxes must go to building moderate cost housing. Is this an idea that you would endorse? :) @@LilyGazou

[@PelosiStockPortfolio]

Isn't it great seeing free market capitalism in action?

[@ElSantoLuchador]

I was born in Seattle so I've already been there and I've already done that when Californians migrated in droves for the tech money. Now they're all leaving. For Wyoming I guess. Sorry, not sorry.

[@Ezekiel336]

Moved here a year ago from Lake Geneva Wisconsin. Same thing is happening there. I was debating moving to Northern Wisconsin or here but came here. I LOVE it here but definitely want to live where my money goes farther in a few years.

[@ReeferCheifer13]

A tiny home on a half acre in mountainous area, with privacy and a job potential within 30 minute drive. Thats my American dream as a 26 year old that works full time framing houses. It’s hard to accumulate the capital to build your own house. Sometimes feels impossible.

[@waffles4393]

That's everyone's American dream. That's why the prices are so high.

[@ReeferCheifer13]

@@waffles4393 the ever ongoing enigma

[@Pou1gie1]

Elizabeth Hutchings seems very kind. They would be losing a great, empathetic neighbor if she left.

[@gregparrott]

I passed through Jackson Hole last Summer. I say 'passed through' because with all the tourism, there was absolutely no place to park. There were standing lines outside of all the restaurants. Stores had tourist trinkets on sidewalk display stands, crowded streets, etc. The mountains and scenery are stunning. But as for the town, I wouldn't touch it. The tourist centric downtown, the town homes with closely coiffed lawns and even more pricey homes are surreal. It more contrasts than compliments the wild nature of the Tetons. Within town, I'd feel like I had been stuck in an artificial land, such as Disneyland, or what's created for a miniature golf course.

[@DonB.-Mulefivefive]

In my minds eye, I can see this wide horizon of events and goings on occurring as we speak. Having been in this very area som 25 years ago, it's only gotten considerably worse as time goes on. If you happen to be a seasonal worker within the National Park Service and are looking for some place to park your head every night within reasonable outgo of meager income, the best bet was, the campground itself. There is just no way any noraml average person can or could or will ever be able to afford to live in side of the limits of the town. I say town on purpose. It's just two steps away from becoming the next big city in Wyoming. That's a sad state of affairs fr all concerned but, of course the rich and well to do. Their above all this. (sic).

[@vanrozay8871]

well put.

[@vanrozay8871]

another reply: my motto might agree with you... get a life, not a lifestyle.

[@gregparrott]

@@DonB.-MulefivefiveActually, a seasonal worker working within the park service may actually have spartan accommodations as one of the perks. But if one works in the commercial space of the town, you're right about accommodations. I spoke with someone in a town (Alpine?) 40 or 50 miles out. They used to commute to Jackson. That could get REALLY dicey in Winter. At least for him, there was a bright side. When Covid struck, the real estate went nuts with everyone wanting to get out of cities. His property value jumped about 60%, primarily because it was affordable (but still not cheap) and close to Jackson Hole.

[@DonB.-Mulefivefive]

@@gregparrott Sure for some NPS seasonals but not all. Worked that area. Grew to hate it. Good luck.

[@hilarylauren6112]

I grew up in Jackson in the 90s and it was already on this path. Haven’t been home in a decade and am afraid it will be heartbreaking to go back 💔

[@BisonWilliam]

One thing this report doesn't mention is property tax. Many generational property owners owners, especially ranch owners, in the area have been forced to sell their land due to sky rocketing property taxes, from all of the million dollar homes. The Wyoming Legislature has held several committee meetings taking public comment looking for ways to handle this problem.

[@ds77sstx27]

I sincerely hope they come up with a solutions, or at least try something...I can't fault them for failing so long as they try.

[@GaryWinstonBrown]

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@allympili3437]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

[@Bradleyschaeffer376]

Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.

[@GaryWinstonBrown]

My partner's been considering going the same route, could you share more info please on the advisor that guides you?

[@Bradleyschaeffer376]

The advisor I use is Gregory Thomas Patchak, can't divulge much here. He's well established and has attained quite a great deal of expertise, you'd most likely find his details on the internet.

[@GaryWinstonBrown]

I've come across a lot of recommendations but this one stands out. Greg's resume is pretty sophisticated according to my web search, and shows he was active during the last bear market, I also emailed him. Thanks for the info!

[@pibbitybibbity]

Jackson Hole is not, by any means, the last of the Wild West especially in Wyoming. It is rich people playing cowboy at the expense of those who live there. It’s the most gentrified, citified place in Wyoming; it’s like Disney’s Wyomingland. The harsh truth is that the business owners who cater to the wealthy still pay crap wages to their staff, the people living in their vehicles or in towns 40 miles away. And the guy who says he’s allegedly giving 1/3 of his income to local charities? That’s not out of the goodness of his heart or his “investment” in the town. First, it’s a tax write-off so he pays less in taxes each year than the poor people living there and, second, he funds local charities so the people he needs to wait on him hand & foot will have services to keep them there. All these rich people who wanted to get “back to nature” then build multi-million dollar homes with thousands of square feet so they don’t have to be outside, especially in Wyoming. EAT. THE. RICH.

[@debbabe2254]

He's planning to donate a third of his tax savings.. And Wyoming has no state tax. So, he is giving to charity a pittance, donating to charities he can control. Nothing that helps the struggling poor.

[@matildagreene1744]

SO TRUE. Nothing like an actual western (cowboy, if you wish) lifestyle. . Kind of like the TV series (that I will NEVER watch) Yellowstone..LOLOL 🤣 What a joke !!

[@jenniferliggett6385]

Also, this is the situation in South Florida. I was born there and lived there in the early 2000s. My friends have warned me not to return, because it is unaffordable. My friend of nearly 30 years is working full-time in her 70s, and her landlord keeps raising her rent $100 a year, on an apartment in a building that was constructed in 1950. Her wages are stagnant, and with inflation, the cost of food and gas keeps rising. It is a no-win situation. The workers in service jobs that cater to the rich now have to live on the west side of Dixie Hwy, often with a bunch of people crammed into a one-bedroom apartment. Maryland is also like this. Room rentals are the only affordable option for any single person making less than $50K a year, and then you often have either a crazy landlord or a crazy roommate that makes your life a living hell. The U.S., for anyone in a household making less than $75K a year (and sometimes, even then), is a nightmare and a constant struggle to stay afloat.

[@James-bp8un]

She's from MA, I got a bartending job on Nantuket Island I was bummed I couldn't afford to buy a home there, but the avg price is 2.5 million. Truth is Teton County has been expensive for a long time. I get the hyper inflation shock but the avg price is 5 million for a sfh, so even if it's doubled from 2.5 it was out of reach pre pandemic. A HUGE problem in ski towns and short term rentals is Air B&B's. So many people that would have rented short term seasonal 8 months, 12 month leases now do Airbnb. They had to limit it in Breckenridge.

[@JesusChrist2000BC]

I live in Middle TN and the same thing is happening. Half of the celebs or influencers moved here over the past 5 years. Companies too.

[@davidkirkpatrick712]

Franklin home prices are outrageous

[@alicyasimmons5000]

The amount of celebs who moved there is insane

[@blokcomNativeFaces]

Progressives are going to change Wyoming and they are already doing in TN. It's called Californification.

[@RealLifeFinance]

I almost bought a nice house in Brentwood on 2acres in 2018 for $450k. I've heard they are over a million now.

[@vincentvilay1407]

Indeed. The house I grew up in costs over 4 times what it did when my uncle sold the place in 2011. I love Middle TN, but I hate the direction it's going in and with the way it's going, owning property is increasingly going to become more and more unobtainable for people my age or younger.

[@christineb5232]

My husband loved Wyoming he would be devastating to see it now

[@johnnieboy3458]

That would be funny as hell if all the employees move to Idaho Falls an affordable town over the mountain pass and nobody staffs the town

[@howardjuliewiley5629]

That financial investor seems tone deaf. He made his money in CA, moves to WY where he can exploit the situation and then does what? Builds affordable housing? Nope.

[@sirdiealot53]

He said he donates 1/3 of his savings. Whether that’s true, I couldn’t tell ya.

[@victorblock3421]

Why don't you create "affordable housing".

[@ww2remembered983]

@@sirdiealot53 Total BS I say.

[@ww2remembered983]

@@victorblock3421 No money in that! Besides, undesirable poor people or POC move in and that is not good for property values!! Afterall, it's all about the money, right???

[@LateNightCable]

All philanthropy really means is that the money is in your possession to gift as you please. But to make that money requires you to be part of a problem which much of the time necessitates philanthropic gifts to alleviate. So it’s really just a big power and control cycle. Somebody down the line being paid like a stooge is almost always at the source of great wealth accumulation.

[@osimeon00]

The worst sin is those hideous modern boxes they call homes being built among historical buildings and residences. They don't match the landscape!

[@evilisfun9935]

I live in rural PA and we are seeing this exact thing popping up all over the state. Our wages are not even close enough to cover the home prices.

[@AhJodie]

Funny thing is that sometimes I want to cry when I think of how all of North America used to be for the people living with the land, now covered with filth and garbage and thousands of corrupt greedy people and alcoholics/drug addicts. All over the world it is the same..... one day it will return to nature..... and the places will be beautiful again.

[@BZB33]

"He's planning to donate a third of his tax savings.. " Great, so not even all his loose change, just the small coins. What a guy.

[@dawnbonome9056]

He sounds like Oprah and the Rock. This is what happened in Maui!😡

[@christophercaprio4983]

"I donate to local Non Profits"- (I get a huge Tax deduction!).

[@nextari]

What is your point? It's still a net loss when you give money away. Yes, you don't pay taxes on it, so what? He's still get to keep half of the amount instead of giving it away, so why complain?

[@928pcar]

Don't hate the player, hate the game

[@dandan412]

USA is such a nice country, big and beautiful, lots of different people and cultures from all around the world, amazing food. I wish I could change place !

[@AR47X420]

This is the entire US. The middle class is almost dead. Credit card debt is skyrocketing, home prices out of control, job salaries not increasing with inflation, cost of living increasing. It’s terrible. Grateful I live in IA

[@damiktamai7007]

Iowa?

[@scotsoaring5373]

35 years ago we would travel to Jackson Hole in the winter because it was one of the cheaper areas to go skiing at. Motels were cheap and restaurants reasonable. It is a shame it has changed. We really liked it there. The people were great.

[@gadfanad]

Crazy to imagine that. We visited in 2013, and I checked out home prices. At the time, I couldn't believe that the condos were going for $700k. Should have bought one! :)

[@tylerbarnhoornproductions7506]

I feel like it’s getting expensive everywhere at this point.

[@kagnewcobra5228]

No doubt!

[@tru3sk1ll]

You're not wrong, what do you expect when you open borders and let migrants flow through, immigration rates are double the birth/death rate, and in some cities its 400% immigration growth

[@ediewall6360]

You are correct. The White Hats and Earth Alliance and BRICS nations are doing their part to turn this around. The financial part is complete and read. Research NESARA.

[@cheesemaster113]

Could they seriously not find someone who was born there to be in the interview ?

[@lxlx3458]

Thank you for sharing with us!

[@gnick66]

This is what's happening in Idaho, too. Rich Californians are buying up all the land around lakes. Some lakes can't even be visited except in one little designated area that also double as a boat ramp.

[@swilliams1759]

Guess they don't care about groundwater contamination from all the fracking in Wyoming.

[@realtalk5329]

Don't forget about texas

[@dk-qr5xt]

@@banhammer3904I'm sure they'll be a getting a great 'return on investment' 🙄. As a former Texan, I've come to borderline despise my former people for how little they care for anyone but themselves when they come flooding here out west. Should be shunned to the same degree as Californians in my opinion, along with anyone else with such a blatant lack of respect for these places too for that matter.

[@lour9348]

It is not all Californians who are moving in, or have. That is getting old to hear. In JH's case, they are coming in from around the globe.

[@christianbritton1362]

Yep. I say that all the time

[@caracoates4834]

They should have interviewed their local government. What have they done or going to do to preserve their way of life? They are responsible for affordable housing or at least limiting outside investment.

[@christiananderson478]

It's a nice idea, but when the wealthy are or own the government, as I suspect is the case here, your options diminish rapidly. The wealthy don't care until it inconveniences them.

[@philshifley574]

They do have a large area in town of "affordable housing" where a lot of the service industry workers end up living

[@beckykazeks6827]

What do governments ever do?? Shelter the rich.

[@ww2remembered983]

The real estate industry is unregulated, so they can do whatever they want....

[@LateNightCable]

@@philshifley574I live in Key West - which has similar challenges regarding affordable housing, namely for those in the service industries. So to cut some slack, they bulldoze the trailer courts, and put up apartment communities which more or less act as a facsimile of what someone thinks working class people today strive for. Which apparently is small apartment, and a patio to park a few chairs. But to leave rental slavery and own a home, someone in the family better have a real job.

[@pitrov]

Same thing is happening in central and northwest Arkansas, half the cars in the new expensive subdivisions are from Cali, Oregon, and Washington state. They are flush with cash and buying up everything. They are rooting out the native populations.

[@l.ls.8890]

They should build a metro rail service from middle class area to Jackson Hole for people to traverse back and forth to work for the Millionairs and Billionaires

[@juju-xx5xn]

This is happening in MANY places across the country, not just Jackson Hole. If the rich cannot help to support the workers in these towns and cities, it will all collapse in the very near future. The rich won't be able to eat at their favorite restaurant, go to their fitness club, go to the golf course, etc. The workers are the ones who keep everything going in these towns and cities. No workers, you have nothing. It is in the best interests of the rich to help support the workers. They are able to write off whatever they would spend to help the workers. Help the workers.

[@dianehess5520]

These workers are already moving farther and farther away. I live in CA, it’s only going to get worse, the middle class shrinks every year.

[@matildagreene1744]

In the closest resort town to me, they have come up with a temporary fix to the last few years of price hikes. The restaurant owners that have the means have purchased housing for their employees and keep the rent reasonable. Seems to work pretty well.

[@gregorystinette8271]

All them " rich peepol " should open up a space in their home & rent to lower income workers. Shalom

[@Lionsmaneman]

​@@gregorystinette8271I agree.

[@matildagreene1744]

It's a joke. Always looking for more at the end of their 'big noses'. Chao 😁@@gregorystinette8271

[@Me97202]

All of the best places get hyped, exploited, made unaffordable and then used up.

[@ww2remembered983]

Do you think that is a coincidence, or a worldwide scam and rip off?

[@keenansmith1021]

Reason I can't get back to Montana

[@williamwhite9767]

About 5 years ago in the summer, my wife and I spent a couple of days close to Jackson at the Teton Village. At $300/night it was one of the least expensive places to stay. We love to vacation in Wyoming.

[@jimoconnor6382]

SHEEEEEEYIT!!!! I saw this in Utah, driving down to Bisbee, Az from Salt Lake via US 6 AND 191. Gorgeous country with nobody in site, falling in love with the landscape with each passing mile and thinking its only rocks, spiders and nothing 80 acres wouldn't cost that much ......😂😂😂😂😂😂😂😂

[@zhinan888]

Same thing is true all over the world

[@ww2remembered983]

Yep, international real estate investment firms are screwing everyone, besides themselves.

[@ghostfarts_]

fr

[@mysterioanonymous3206]

Depends. I live in Switzerland and we have rent control and tenant friendly laws and while housing is still expensive-ish (mainly due to scarce land Ressources and very strict building code and requirements), you can live pretty decently with a normal job. No, not down town in the cities or a ski town and you'll probably live in an apartment and not a house, but you'll be fine. I think this whole free market and pull yourself up by your bootstraps stuff over in the US is not making it better. Large wealth discrepancies are poison for the social fabric, I think here where I am the disparity for the broad majority of residents seems much smaller. Our wage gaps are clearly much narrower and you see it reflected in crime, education, and other metrics. I also pay very low tax here btw. so that's not it.

[@zhinan888]

@mysterioanonymous3206 I know it is very true in big Chinese cities like Beijing, Shanghai, and Hong Kong. The housing price is far far out of reach of the common working class. This is the necessary effect of global capitalism. I think Northern Europe is more egalitarian and may be an exception to the rule.

[@mysterioanonymous3206]

@@zhinan888 Switzerland has amongst the lowest homeownership rates in the developed world, but sure, China/HK is overheated (Beijing being the priciest market in the world at around 50x average annual income if I recall correctly), BUT... there's also a cultural proclivity towards home ownership in East Asia and industry knows that. Pricing works primarily via market studies where you establish the maximum amount your customer can pay for the optimal amount of product turnover, and then you mark prices up to that. It has nearly zero correlation with the cost of building/making the product - its called manufacturing to price. So we're stupid for paying up, because someone can and does.

[@michellebowers8652]

Didn’t this same thing happen in Aspen 30 years ago?

[@johngoldsworthy7135]

Exactly. Same story, different time and place.

[@rr7firefly]

yep. Aspen used to be a kooky place with beautifully designed public features. I remember seeing SAAB police cars that were painted very smartly. Now it is about rich people showing off.

[@x-raycat323]

Yes the billionaire's bought out the millionaires

[@x-raycat323]

Also look what's happened to Nantucket 🌈🌈🌈🔥🌈🔥🎊

[@Honestandtruth]

WOW 😮😮. Mr Ted..... You are still in good Health. I used to watched in the 80 and 90's for World 🌎 News 👍👍

[@larsonfamilyhouse]

Most people who work in Jackson live in Idaho. It’s been that way for decades.

[@chris2884]

I wanna go to one the most beautiful places on earth and then complain that I can’t afford it.

[@Clintsessentials]

This should NEVER have been allowed...greed!!!

[@ericderami]

The message of this video will be perfectly applied to life all across the US soon.

[@theophilhist6455]

Glad so many think the old Midwest and deep South have nothing to offer. The gal sounded that she's honest and willing to say "is it worth it?

[@LairAstro]

I live here, it's true that the people who live here don't know how much longer they can hold on before being forced to move away. Rent can double in a year without notice and there's nothing you can do about it because there's always someone with more money than they know what to do with moving in.

[@mattp4079]

Lack of diversity in an area has many benefits, like low crime.

[@tsherman393]

They don't want to discuss that;)

[@timcantrell4635]

Who really cares about "diversity"? Most folks want to live in an area due to the fact that they are around people of a similar mind set.

[@manager4409]

It's so obvious the few remaining white areas in America are becoming extremely rare and valuable. Utah/Idaho/Wyoming /Vermont. That's why I'm mad at boomers they can't see when they were kids even normal people lived in white neighborhoods now they're getting rare due to mass immigration

[@adamcasas6519]

For now. Until the criminals see theres an open market.

[@joebenson528]

There is a difference between lack of "diversity" (which I support based on low crime countries like Switzerland or Japan) and intentionally k1ll1ng the middle class by marking up home prices and inflating the cost of living with "shortages" they claim are caused by glorified flus. If a bunch of billionaires want to move into my county I support that, but home prices should remain the same they should go up just because it's suddenly an attraction. This is where *limited* should play it's role. Instead of the IRS (existing at all) taxing/stealing from Americans there should be a govt agency in each state (non federal) that requires real estate companies like BlackRock to build a low *and* middle income home for every $1m+ McMansion they build. Home prices should be relative to the local income, not relative to the number of millionaires living in the area. -Millionaire Owner-Operator with 6 389s and 17 Volvos in my fleet

[@uwillnevahno6837]

5:00 I'm wealthy it's important that I listen to the discussion about wealth inequality but take no action to address it. This guy literally embodies the problem.

[@vesta8481]

Arrogant progs always pretend to listen, but the problems they're exacerbating in these communities is exactly what they mean to do.

[@onelovehumanityfirst4072]

This is what is happening in Oakland and other community across US.. I wish more new comers provide more support to the communities ie especially ensuring housing are available for local residents

[@pmstff700]

Those very wealthy won’t find it to livable when they can’t hire a plumber, electrician, house keeper. golf course attendants and the restaurants go away or are a pain because there are not enough severs. Same thing happening in Havasu AZ. The workers can’t afford to live there and are leaving.

[@MTknitter22]

Won’t happen. Congress services the rich by allowing plenty of European work visas to work cheap in those jobs.

[@Joe-ij6of]

It's one thing for a place like NYC or San Francisco to have high housing costs due to the lack of developable acres per 1,000 residents (most of the cityscape is already developed, locked up due to parking minimums, and there's basically no greenfield development available), but to have that in a municipality with such low population density is basically insane. If the community is unwilling to allow some density, mixed use, mixed income, or missing middle housing, even if only in the center or main st part of town, then that's a signal they're too elitist to want to facilitate blue-collar and essential workers for their town and these people should take their talents and contribute them where they're wanted.

[@huntstyle]

A lot of land around Jackson is federally owned/protected. So they are constrained by that rather than development.

[@RealLifeFinance]

I agree. The blue collar workers should pick a day and all pack up and leave town. Watch them billionaires enjoy their closed town.

[@ZER0ZER0SE7EN]

@@huntstyle The Federal gov't (BLM & USFS) should sell nearby land. This would lower the prices of the existing real estate in Jackson Hole.

[@huntstyle]

@@ZER0ZER0SE7EN disagree. Keeping habitat for wildlife is more important. The local government should take measures to reduce costs. For one, they should only allow one to buy property if they're going to live in it full-time.

[@ZER0ZER0SE7EN]

@@huntstyle Keeping habitat for wildlife is important. 46.7% of Wyoming is owned by the Federal gov't so converting a few hundred acres for housing won't impact the wildlife.

[@smitty7592]

Tourist destinations are a double-edged sword. Those tourists you wish to attract for all of the positive benefits MIGHT actually want to live there. I'm no organized labor supporter, but it seems like those like Elizabeth who work in Jackson Hole should organize and work with their community leaders for equitable solutions so that everyone wins.

[@stevengolden9009]

Nashville, TN is going through close to the same thing; tons of "toys for tourists", short term rentals all over the place, almost a third of the home sales are 100% cash purchases (corporation bought), and government doesnt give a damn about local residents. Crime is way up, along with inflation, and a lot of long time residents are being forced to leave.

[@maroon9273]

Soon this country will turn into 3rd world status.

[@DebsFan101]

Thanks to growing income inequality, this is a problem that will only get worse. A town can’t only house billionaires and still be a town worth living in.

[@adoerofstuff]

I lived in Jackson for 11 years in one rental place. Then my family and I moved to Victor, Idaho, just 40 mins outside of Jackson, it was the closets place we could buy a property. The Town of Jackson is just too expensive for the workforce.

[@olivianatwick7603]

😊 I am Wyoming native. Unfortunately I am unable to live in Wyoming right now. I am 72 years old and spent a good deal of my time in this life in Wyoming. I want to say that there are many other places in the state of Wyoming that are just as pleasant just as nice as Jackson. If you're going to live in Wyoming you might want to try finding another place other than Jackson.

[@wheelstandr]

Very interesting! Unless this report was done, I don’t think anyone would have guessed. Blows my mind.

[@CarguyEd5150]

Greed eventually destroys everything it touches. Not at first and so noticeable, but at the roots where many can't see it until it's too late and the damage has been done.

[@leo-wr6do]

Yes, let's all be communists, it did wonders to Cuba and Venezuela.

[@pogiboy3571]

Gresham's law in reverse... good money on the move.

[@Teabahgeue]

If you have the US Real Estate market function on an International level, allowing property to be used as assets instead of limiting it to living so stuff besides housing would be used, what else would the people of the US expect to happen? Why does the US media machine constantly strive to turn everyone who isn't rich against each other? Why does the "welfare queen" stereotype generate so much angst against welfare and its perception as free handouts for fudge rounds? NO PROSPECTS FOR ADVANCING OUT OF POVERTY WILL CREATE CRIMINALS & HOMELESSNESS! WAGE STAGNATION CREATES CRIMINALS & HOMELESSNESS! HYPERINFLATION OF COST OF LIVING CREATES CRIMINALS & HOMELESSNESS! GETTING PRICED OUT INTO POVERTY CREATES CRIMINALS & HOMELESSNESS! The Shareholder coupled with the Corporation began the elimination of the ease of living that was the norm after WWII, Reagan sounded its Death Knell where the flatlining of the Federal Minimum Wage began along with the ever increasing Cost of Living. Citizens United ensures no meaningful changes to US gov't will happen until it's repealed.

[@mtns340]

Human greed, at least. Every species has the same instinct to hoard resources, but humans take it to the next level.

[@kenhoward3512]

Just considering the fast-rising cost of housing nationwide, in most (/all?) of the places generally considered desirable over the last decade, America is becoming unaffordable for millions, especially those forced into homelessness, increasingly, month-after-month. It's a bitter pill for those who grew up here in decades-past. Since ~1980, the wealthy have gotten wildly-richer, while the other 90% struggle.

[@1000buffalos]

The greatest transfer of wealth in history occurred in 2020-22 with the COVID fiasco. Small business--once the lifeblood of the nation--was decimated by lockdown mandates. Big Tech--Amazon, FakeBook, Zoom--all rose into the stratosphere, as did the big Corporate players. A mom and pop restaurant was unsafe to eat in, but Denny's was okay. The government spending trashed the value of the dollar, and real assets have jumped in value.

[@mysterioanonymous3206]

Yeah true but then... Everyone and their auntie want to live in either the same 5 cities or the same 20 (tiny) ski towns so there you have it.

[@ediewall6360]

Research NESARA if you really do want answers and info.

[@Lionsmaneman]

I lived in Florida. I moved into a house that had a big hole in the floor(my husband is a contractor so we made a deal on the rent for fixing it) a year and a half later, we were illegally evicted and now they're charging 3x what we were paying!

[@stephenfazekas5054]

50% property tax on non-primary residences would fix this

[@jenkinsljenkinssquire9137]

Wow that woman went from one of the most liberal states to one of the most conservative

[@verseau8360]

Nearby Yellowstone is a huge volcanic caldera folks. You couldn’t pay me to live there.

[@kweukuafirim]

Philanthropy is how the rich avoid taxes and get a kick back

[@thefix2573]

Supporting things like the Sierra Club that locks up public land in the name of conservatism. These people don't even hunt.

[@Joe-ij6of]

Exactly... save $100 in taxes, donate $9 to a "charity" and label anyone that calls you out a communist. The reason foodbanks are so busy isn't because food is too expensive, it's because non-rich workers are spending the vast majority of their money on housing. The solution isn't pennies to feed the homeless, it's dollars towards housing construction so supply meets demand.

[@nathankelly7259]

…and give themselves a pat on the back at the same time

[@AC-gp7kf]

People need to consider when you move to areas like that you A) will have to live with understanding there isn’t an emergency vet for your pet. At least hours away. And potential bad weather to get there. B) you will have less healthcare options. Lucky if it’s a good surgeon but what if they are not. Less healthcare staff and not for true emergency. I moved to a small city from Los Angeles area for work and I couldn’t believe the lack of healthcare options. It was rediculous and no 24 hour vet.

[@andrewdulaney1463]

Currently happening in lewes and rehoboth beach Delaware. We once had farm land and woods. Thr past 8 yrs developers have destroyed everything. No more farms no more woods. Just cheap built homes selling for 500k to 800k. We use to be a town of like 10k. Thats at like 30k now. People from. Nj,pa,md,NY come here on vacation destroy the town then leave🤦

[@pl1532]

Jackson and other resort communities around the country share the same issues. They need to address affordable housing first by banning or severely restricting Airbnb, VRBO’s and other short-term rentals, as is happening elsewhere. Then adding surtaxes on the wealthiest homeowners and non-resident homeowners to subsidize affordable housing for the local work force. To prevent generations of locals from having to move out of the homes they were born and been raised in, real estate taxes should be based on the original purchase price not the current estimated value. The crux of the problem is local and state lawmakers as well as city planners who disguise themselves as conservatives, while hiding behind campaigns on social issues. In the meantime, they are screwing over the middle class and pushing out the locals once elected.

[@tuckerbugeater]

Easy solution: Every worker in your city is entitled to own some type of housing. Some people don't mind small spaces.@@MM-nh8ez

[@sonicdewd]

Quote: "..real estate taxes should be based on the original purchase price, not the current estimated value." What a great idea. This will stop gentrification from pushing original people out. I see nothing wrong with this at all.

[@driatrogenesis]

@@MM-nh8ez you dont get it think covid think great reset then try to come up with a better statement, you dont get it yet

[@maddierosemusic]

How do you figure banning AIRBnB's would help a bartender or other support person? Might actually hurt if it would limit tourism $$. We have the problem throughout the country of expensive housing and those who can't afford it. I couldn't even buy my own house now at its price. All over Social Media people are screaming "Make affordable housing" but the market is moving against them. Maybe the whole thing craps out and those people could jump in at a lower price.

[@driatrogenesis]

@@maddierosemusic Yeah should have already happened, but bankers are rigging markets....last time we bailed them out, even though they caused it