The ski town that is pricing locals out as super rich flock to it year-round and buy up homes

April 13, 2026 - 01:16

The serene, picturesque haven of a renowned ski destination is undergoing a dramatic transformation, as an influx of ultra-wealthy buyers purchase multiple properties, driving housing costs beyond the reach of longtime residents. This year-round demand for privacy and peacefulness is creating a profound community crisis.

Real estate agents report clients from major global financial centers acquiring second, third, or even fourth homes in the area, captivated by its natural beauty and seclusion. This trend has propelled the average home price to staggering heights, shattering previous records. The situation has escalated from a seasonal concern to a permanent affordability emergency.

For teachers, firefighters, restaurant workers, and other essential service employees, finding any rental or purchase opportunity has become nearly impossible. Many are forced into long commutes from distant towns or are leaving the region entirely, eroding the very character and workforce that sustains the community. Local businesses now face severe staffing shortages, unable to house potential employees.

The town council is grappling with potential solutions, including dedicated affordable housing projects and zoning changes. However, the sheer scale of outside wealth continues to intensify the pressure, turning a beloved mountain retreat into a stark symbol of economic disparity and displacement.