SUBSCRIBER
The short term rental tsunami has gutted resort communities by pricing out the seasonal and
local workers. I speak as a semi-retired older adult who has had to locate rental housing in places
such as the areas near Durango, Aspen, Jackson Hole, Taos, and Winter Park.
While it was always expensive and challenging to acquire seasonal housing in resort areas, it is
now a crisis. This is not just my opinion, either, as the employers cannot secure dishwashers, cooks,
servers, lift operators, retail sta" etc...Local Chambers are expressing great concern for staffing
shortages.
The logic to property owners of more AirBnB rental income with fewer problems with tenants is
inexorable, but not desirable for the resort areas themselves, long-term.
SUBSCRIBER
I completely agree that it's a severe challenge for seasonal workers to secure a"ordable
housing in areas where prices have gotten out of control, and that this has long been the
case. I'd disagree about the extent to which Airbnb & Vrbo have impacted it, however. All of
the destinations cited here have seen considerable growth in summertime visitors (even pre-
pandemic), meaning more folks are living more or less full-time in what was originally a
seasonal home.
Regarding places like Aspen & Jackson Hole specifically: median home prices in the former
are around $1.7 million. In its "cheaper" Wyoming counterpart they're "only" around $885K.
This has zilch to do with Airbnb, but goes a long way in explaining why a"ordable rentals are
so hard to find. If a homeowner is paying $8K/mo for mortgage + property tax payments,
how can they realistically rent it out to seasonal workers at rates they can a"ord, short of
stuffing two-dozen folks into a single house? (which, sadly, happens)