Rocky Mountain Voice

Tag: Local Workers

Study warns that short-term rentals are pricing out local residents
The Aspen Times, Approved, State

Study warns that short-term rentals are pricing out local residents

By Robert Tann | The Aspen Times Home prices in Colorado’s mountain resort communities have skyrocketed over the past 13 years, with a new report further detailing the erosion of affordability for working residents.  A study released on Wednesday by the Colorado-based think tank Common Sense Institute shows home prices in seven Western Slope counties — Eagle, Garfield, Grand, Pitkin, Routt, San Miguel and Summit — have more than doubled or, in some cases, tripled since 2012.  The Common Sense Institute researches and promotes free-enterprise economic policy and bills itself as “nonpartisan.” Several of its board members, however, have ties to the Republican Party, and the organization has accepted funds from the conservative advocacy group Advance Colorado. The study bases...

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