All the local workforce that keep these places running need to just straight up abandon places like this, Telluride and Breckenridge. Leave the Richies stranded on their own in their multi-million dollar cabins, unable to sustain anything because they're too good to actually work, and then watch the home values plummet as people start to leave because they have no one to run their ski lifts, respond to their emergencies, or cook them meals.
That's what I be telling ppl that work in Colorado ski towns. Instead of sleeping in your car just to work there, if yall all just stopped, drastic changes would need to be made.
The truly desperate will stay working there, undercutting in any way they can, sleeping in their car to have steady work and be in demand in a race to the bottom.
The problem is that these places are vacation homes for people who live elsewhere 40+ weeks of the year. The demand for labor isn't strong enough for individual workers or towns to have much leverage. The billionaires can write off their homes and move on.
2:22 wow, it only took them 3 weeks to fix route 22. Considering the foundation collapsed, normally it take several months. I guess these rich people cannot live without their cooks, construction workers, maids and fire fighters.
Don't forget about the extreme NIMBY's. Vail ski resorts wanted to build affordable housing for their employees but got struck down by the town. The reason was being in bighorn sheep territory despite being next to I-70 & housing being built on said territory.
We are in late stage capitalism. The rich are too rich. Our infrastructure is falling apart, and most people are too poor to own a home in the Vacinity of their work.
This isn't capitalism. It's a corporate welfare state that your tax payer money is funding, while at the same time taking over your government, raising the ladder so that people like you and me can't succeed, refusing to pay a fair wage, and taking everything.....they are now after the real estate that will turn this country into a company town. Not1hing about this is true Capitalism.
@@lokesh303101 yeah go put an application so you can start building a metro rail from Jackson to Victor Idaho and see how much that takes and how much will cost, very good suggestion
@Sarcastic_Asmodeus it doesn't really matter. Republican or Democrat the outcome of capitalism is still the same. The rich get richer and the poor get poorer. That's the way it always will be
I was born and raised in the SF Bay Area but I had to move 65 miles east to buy a home that I could afford. However, the wages in the valley were no where near what I could get in the Bay Area. I commuted 130 miles round trip, 5 days a week for 25 yrs. So even though the pay was better in the BA, I still couldn't afford to live there. Needles to say the commute took it's toll on my body. I now have back, neck and leg issues that I deal with every day and I see a physical therapist on a regular basis.
Vail and Aspen are loaded with all kinds of rich people. I didn’t understand why it was so expensive until I visited the area my first time. I saw some Saudi prince with an entourage when I pulled up and I was probably the only guy there with a Nissan 😂 the Motel not hotel 30 minutes outside of Aspen was $300 a night 😳 it’s unfortunate that the average person can’t afford to visit and spend much time at these beautiful places around the world.
I can be a corporation. You can be one too. Just fill out the paperwork. My point? Corporations are people just like you and I. Except they couldn't care less about us or our basic needs.
@@felipenunez2058 Sounds like what a freeloader would say. The type of person who doesn't work for a living and instead lives off the labor of their tenants.
@@BufordDuckworth freeloader no sir I own a home in Tennessee and cancun mexico. About to own a home in los angeles as my parents are leaving it to me and moving to my home in mexico. I pay into taxes my boy. One can own multiple homes if they buy them I can choose to rent them out or abnb them but to much hassle so I rather not. My wife and I make good money in our 9 to 5 job with 6 weeks vacation. In florida in mexico in los angeles which ever place we feel like going every 2 months.
We are experiencing this in Park City, Utah (and ski towns like Alta) too! NIMBYs, Vail Corporation monopolizing everything here, corporations buying homes, price gouging, unhinged real estate speculation, strict zoning etc.
It's called greed, hard to blame the seller if the buyer is willing to pay that. Jackson is the new Aspen and the WY natives will move away just as they did in Colorado. Very sad in some ways but we allow it .
Yall complain about the same wealth inequality and yet are confused on how we got here. This capitalist system is unsustainable. Making 300k a year and not being able to afford a home is french revolution level anger.
Capitalism makes poor people get richer. Our poor people have houses full of stuff and iPhones, cars, etc. Poor people of other nations don’t have all this material wealth. Capitalism is great. If you want socialism move to Venezuela or China.
@@MichelleNovalee If someone is earning $300k/yr and cannot afford a house in a community, something has gone horribly wrong with the system. $300k/yr is part of the top 2%...if the 2% cannot live there, we are in big trouble.
@@janofb And so are the tax bills that make it virtually unaffordable for the average person. That along with the cost of living increasing without wage growth to match it. That is unfair. The US is experiencing the gilded age on steroids.
@@Iris-hx6ox That's a lot of generalization. For example, in CA, the people saw the tax hikes for property causing people with fixed income to lose their homes to property taxes and passed Prop 13. Why didn't the folks in Wyoming do that? Cost of living is going up the same everywhere, so using that as an excuse that it makes it difficult to live in Jackson Hole is BS. And if the locals aren't charging more to the rich folks moving in to gain wage growth, well, who's fault is that? You're not actually competing with new comers for jobs are you? You seem to think this is all somehow "unfair". Like Henry Ford being "unfair" to all the horse shoers. Here's a tip your parents should have told you: The world isn't fair. YOU get out of it what YOU put into it. Staying stagnant on your skills and thinking the rest of the world won't surpass you because that wouldn't be "fair" is pathetic. What do you think people in the slums of Bengal think of your lifestyle? Why don't you put your money where your mouth is and stop being so "unfair" to them by giving them half of what you have? Oh, that would require you to, you know, be "fair"
If you're its you primary homestead, your property taxes can only go up a certain amount per year. It's 5% in Orlando. My $800,000 home has been paid off since 2004. I paid $3,500 in property taxes ladt year. But, I also get a deduction for being a widow since 2004.
Blame your local politician! Cause they, more than likely, wanted and courted all these people with money to come and invest in Jackson Hole Wyoming, and forgot to protect their own constituents.
Should have encouraged Apartment Rises! Fair Trade Practices by Local Business Community. Rents are Negotiable but not the Goods and Services where Politicians can't afford to help.
Wow I was just there during the 4th of July weekend. Off the cuff, I noticed people who pretended to be cowboys and saw through their bs. Obviously I am not from there, but these spoiled brats stick out like a sore thumb!
It happens to everyone. When we retired we were in the top 5% of income earners just from our retirement. Now, 15 years later, we're the poor people on the block. At some point we're going to have to sell and move someplace cheaper. The good news is our house is worth 3 times what we paid for it. The bad news is all the downsized homes in the area are just about as expensive so we haven't moved yet.
Soon all the businesses in that town will close, and the people that can’t afford to live there will be delivering the goods and services, at a hopefully elevated cost!!
A few years back, I had a conversation with an employee in a T-shirt store there. I was not aware that Jackson businesses actually go to Eastern Europe to find employees for the popular Summer season. That tells you all you need to know about the kids of Jackson. Also, a LOT of service jobs in Jackson are being filled by Hispanics.
Well, now you all know how the residents your ancestors ran off felt. Deal with it. Hawaii and every beach town is the same way, every ski resort and starting to be every area with any tourist draw. Called greed. Oh, had to add, the bubble will burst, it will stop being trendy and some really nice houses will go cheap! Ask anyone who bought a $500,000 home north of Atlanta that is now worth $200K... This is happeneing everywhere. Good luck.
@jenkomaro world class skiing, hiking, backpacking, fishing, hunting are some top reasons why many want to live in Jackson. The scenery is gorgeous. It never gets old to see bison, elk, grizzly bears, moose and bald eagles.
No state income tax, so if you own a home there and have a very high income or corporation it starts to make much more sense. Vacation home/tax strategy. I mean, that's how Liz Cheney did it anyways. 🤣 Jackson surrounding area is beautiful but as a Wyoming resident, I agree, Jackson itself is pretty meh.
There are other enclaves like this. Back in 2011ish I was in telluride, colorado. It was very unaffordable already. It is probably out of this world now.
This is what is happening world wide. Capital in creating wealth, but not value. Most cities in Portugal are facing the same problem. Greed is destroying societies. when is this going to end?
@@lokesh303101 In the United States, the top 1% of income earners earn 26% of all the income and already pay 46% of the total income tax collected. How much higher should it be? And property taxes, well, those are a tax on wealth, right? Aren't we all in favor of weath taxes?
Thank you to the football player host for basically saying this is not the first town where this is happened. It's been happening for decades to communities. More of a story is whoever has the most money wins
Yup, it’s not a Black / White thing it’s a poverty thing. Rupaul ironically bought tens of thousands of acres on the other side of Teton and displaced a lot ranchers.
So many places this is happening across the country and around the world. My colleague used to work for Kajima Group in Tokyo and his commute was 90mins each way on 3’trains and 1 bus and apparently that’s the norm.
75% if Americans are paycheck to paycheck and one financial setback from being homeless. More and more Americans can't afford to live in their own country anymore. We need a new "New Deal"
@@yesi6058 do your homework, the rich are being taxed and then they spread the cost to ignorant people like you if your buying. You probably have an EBT card. Top 1% pays 45.88 of all income taxes - meaning top 1% accounts for more income taxes paid than the bottom 90% combined . 2024 data from the government accounting office - IRS first quarter data
@@carolr7823We don't tax them enough!! Most hide their money and have a whole fleet of tax attorneys helping them figure out ways to NOT pay taxes. Stop blaming those with little to no money and focus on where the $$$$ and power lies!!
Silly me for even thinking this could POSSIBLY happen, but what if, just what if, all those service workers decided to say F it!, leave town and tell the billionaires to wait and buss their own tables, cook their own food, teach their own kids, fight their own fires and police theirselves, oh what if…..
Answering my own question here; They would do like they do in other seasonal/resort towns, Custer SD for instance, bus in seasonal immigrants, house them in a local hotel, then bus them out at the end of the season to go work somewhere else. Now you know why elites need open borders.
Try living in any resort area in Colorado, it’s the same way. I work retail as a manager and I can barely pay for rent. My rent is more than most people’s mortgage.
I used to live near Telleride CO. Same thing happened there. Old mining town, long time residents had to move! I drove 1 hour up the mountain to work there!!
When I retired from the Army I was offered a civilian job at a "Career" level (GS11) with the USFS in Jackson Hole and they were up front in the interview that the job (even with my military pension and VA comp) would NEVER be enough to live anywhere remotely close to where I would be working. It hurt to turn down what would have been a dream job for such grotesque gluttony.
Exactly. I bet you can list where all of the people who forced the change came from, too … there’s a pattern there. It’s a social and ethical disease. 🦠
This isn't new, Jackson has been this way for 40+ years. You just didn't hear about it as much as Aspen or Park City. Park City is for peasants, full of condos. Jackson Hole has better skiing, way better mountains and what used to be a Cowboy culture that is mostly fading away now as the billionaires are edging out the millionaires.
The rich pay the same percentage of tax as myself? They can obviously afford to pay a higher tax --- but nooooo. Politicians continue to protect them and these ppl complaining (although valid) continue to vote for the politicians that do nothing to help.
Rules are made for those who don’t understand that rules are just as faulty as those who made them. All rules are made entirely for those who only know to follow them. The rich know that, and they pay handsomely to work around those rules. Most of the richest register very little personal income, so pay very little in taxes. 🧠👈
Yeah, like many have already said - welcome to America! This is happening EVERYWHERE! I make a six figure salary, but live with relatives because I can't afford a house and don't want to throw away $3000 a month for rent. Living the dream in the good ol' USA baby!
The same thing happened in Aspen 20 years ago, Now it's happening in most of Colorado My advice, if you're a skilled laborer, demand more money for the talent you possess. If you really want to stay in these kingdoms of the wealthy
Been happening in ski country for a good while now, accelerated during pandemic. Twist of irony when there will be no servants left to wait on and serve the super elite
I really wanted to move to Wyoming, in-fact, I was planning on moving there in 2018. I applied for a job transfer, and even an apartment... but, for whatever reason my gut was telling me NO. I had just left Florida in 2016 right at the beginning of the turmoil there, and I was trusting my instincts. I'm so glad that I didn't move. Back then the apartment I wanted was $700 per month for rent, yesterday I checked the same place out online and its now $2,500 per month.
In Switzerland, in some popular destinations like Grindelwald, Wengen…local laws ensure that new development includes housing in 2 categories: primary and secondary. Primary are for people who want to live there and secondary homes are holiday homes. Prices are different. Very different basically allowing people who work there to afford buying a house or apprtment. Primary homes are linked to permanent residency. I am sure there is a solution and it must come from local government.
This is just a preview. People that rich just don't care or are just completely disconnected. If they do somehow understand, they say justify it by saying they're employing people with new home construction or buying a coffee at Starbucks. They people that are complaining should move on. There's no fairness, empathy and ost of all sense of community in a bottom line economy/culture.
This story is as old as time, newcomers not getting along with locals. Nowadays, it’s popular to just call all the new arrivals Californians/liberals and hate them from a distance, when in reality 80% of the people who left California were registered Republicans. We showed up in red states that we we’re planning on being contributing members of that society, but we were not welcomed. So now you have a division amongst the population, caused by the locals. Good job Wyomians, and others, contributing to the division in America. No better than liberals
I visited Jackson Hole in April and found it to be a congested dirty old looking place that would be tough to live in. I don't get it. Hotels shops and restraunts seemed priced ok but it was claustropbobic. I would say if the rich want the place then by all means let them have it.
It used to be a quant old cowboy town with fun shops and a rustic spot near yellowstone and grand teton NP's to stay. You are right, the town itself isn't that amazing to someone from out of state. Its sort of the juxtaposition of old west, harsh winters and out of state money.. When you hear its wealthy, that doesn't mean like LA wealthy with fancy shopping and lambos, its more like the Colorado type of wealthy. Big log houses, raw land and Land Rover Defender type of money.
Victor & Driggs, ID are getting up there in price, too. Won't be long before that area is also too expensive. Even to visit is expensive. Hotels in Jackson are outrageous, and even the cheapest I was able to find in Victor is $800 for 3 nights (just a basic hotel, nothing even remotely fancy). If my buddy wasn't flying up from AZ to join me, I'd be sleeping in my car... like a lot of those service workers do full-time.
it's a shame. the state of WY could easily pass a property tax law that made it so the long time locals could afford to keep there home (align the property tax with closer to what they paid for the home. it appears now that their yearly salary isn't even enough to pay the property tax on their home that they've owned for decades.
This and every other special on the topic describes Driggs, Victor and Tetonia on the other side of the mountain as the towns where people who are not rich are forced to move to. What they fail to mention is that an average home in one of the towns on the other side of the mountain is about $1.5 million dollars and many of those require HOAs on top of the sticker price. The middle class who live there now were forced out of Jackson about a decade ago. Presently, middle class people can not even afford those towns and are now being forced to move to Idaho Falls and commute to Jackson. Idaho Falls is almost 3 hours away and is a very dangerous road in the winter time.
I live in the roaring fork valley (Aspen) and I recently bought a camper van to live in full time because it’s too expensive to live here. I make a very good income but the housing market here is completely out of control.
While this is certainly terrible for the folks who are working to make a living, this also isn't unique to Jackson. There are more than a few beach destinations along the California coast that see the working class commuting quite a long distance for the same reasons.
@@marywinn8953 I've seen you in Jackson many times I've seen you in Bondurant I see you and Hobback Junction I'll see you in Driggs I'll see you in Dubois
I'm a nomad and I travel around the country hiking, going to national parks, etc. I still have yet to go to Jackson. I see no point in going there unless you are a millionaire
