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by asdff 1667 days ago
Resort towns should be considered more like cruise ships. I wouldn't expect a deckhand to afford a condo on a oceanliner, but if their labor is needed it seems its not an issue for the employer to provide housing. Plenty of industries provide housing for their workers. If housing is such an issue for labor to cover itself, capital should just pay for what its labor requires to exist. Somehow along the line we went from developing commercial properties with a second or third floor apartment along our mainstreets into properties devoid of any housing but perhaps plenty of space devoted to someone parking for twenty minutes. It's time we go back and enforce this stipulation on housing. Let's see the inevitable new starbucks in town manifest as a mixed use building instead of yet another drive through that bogs down another intersection.
2 comments

This is where it's headed. The complete Disney-ification of ski towns. 2 or 3 mega resort companies will control the entire economy surrounding the resort: hotels, restaurants, spas, theaters, etc. Some of the amenities will operate at a loss, but their presence will push up the value of the higher margin amenities.
Frankly, this is true for any "tourist attraction." The attraction has limited geography. The population is increasing. Housing supply is relatively fixed, demand isn't.

Either these attrictions build vertical, or suddenly more tourist attraction locations come online, or mortgage rates increase significantally for any home after the first one.

None of those things are going to happen.

It's where it used to be from the start ironically for most of these resort towns.
Many of the ski resort companies do offer housing, which is great. There are two primary issues with that at the moment: not enough housing and, the bigger one, when your housing is directly tied to your job what happens if you are fired? Colorado, for example, is an "at will" state--that means someone can be let go for any or no reason with no notice. If the company is providing housing, then the person is forced to up and move...but where do they move to?