Oh come on, Please,someone tell me again how "there's no Inflation" , Please:
Demand to live in Jackson drives up housing costs JACKSON, Wyo. (AP) - Jackson Hole's lure is obvious. Mountain peaks serve as a backdrop to wild, open fields where elk graze freely. There lies the problem: Everyone wants to live on land that is dedicated more toward preserving elk habitat than to providing housing for residents. And that attraction may be enough to offset the extreme cost of housing in Jackson for the seasonal employees and ski enthusiasts, but working families - some earning more than $50,000 a year - can't afford rent. And it's only getting worse. Although housing has always been tight in a county where the federal government owns 97 percent of the land, it was when the airport received its first commercial jet service in 1986 that the housing crunch evolved into a severe crisis, according to Bill Collins, Teton County's planner. At the same time, Jackson saw the first of two high-end developments take place - Teton Pines and Spring Creek. The two resorts opened the door for extravagant housing that seems to have no price limit. In 1986, the median income was $25,000 and the median price for a house was $90,000, according to Collins. Today, the median income is $56,000 with the median house price at $360,000. (cont)
billingsgazette.com |
