High real estate prices in Jackson, Wyoming, highlight stark divide
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- Real estate and housing costs in Jackson, Wyoming, have become unaffordable to many, even those who would be considered wealthy in most other places. It's causing a stark divide between those who can afford to live there and those who work in town but have been priced out of living there. Mark Strassmann has the story.
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Hell, most people cant afford to live in Driggs!
That is exactly what I was thinking. Once Paul Allen moved there back in the day, Driggs lost its affordability, and its charm.
Funny how the pass can be repaired so quickly, money talks.
hilarious!
The level of inefficiency and corruption in this administration is becoming absurd. Those who are disabled and do not receive the support to which they are legally entitled make me sad. I sincerely thank you, Leah Foster Alderman. Imagine making $6k in four days with an investment of $1.5k.
That woman transformed my entire life for the better. Among the folks I've met, Leah appears to be the most trustworthy. I'm surprised you know her as well.
Jackson, WY has limited private land in a beautiful area, it's landlocked by public land. Not much can be done to change that.
Isnt this is a result of captailism?
Centralized money is not capitalism. This is called socialism with a capitalism lipstick.
Google cantillon effect
and North Korea is the result of Socialism...
At best capitalism is a multilevel pyramid scheme auction going to the highest bidder.
No genius. Government makes monopolies free market doesn’t. Oh wait communism is good right.
Runaway capitalism,wealth inequality and Trump will destroy our country.
Similar situation in coastal California, where the folks working in the service industry work in the beach communities, then commute sometimes 1-2 hours inland to where they can afford to reside.
You can add Lake Tahoe to this list.
Same here in HAWAII. OUTSIDERS, including Californians, are coming in, buying up housing and land, then pushing out islanders out of Hawaii, while no one does anything about it. All they care about is the highest bidder. But, Karma will come their way.
This problem is happening all over the world, and definitely all over the United States. Take a look at Hawaii where the locals can't even afford to buy a home in their own neighborhoods anymore.
The pledge of allegiance is definitely a lie. We are divided by income
Boo-hoo. People whining cause they can't afford to live in Jackson Wyoming. Unfortunately, people that choose to work there have to figure a way. It's called adapting. Nobody owes you anything.
@@302Mustang13 who said someone owes me anything? Simply pointed out a fact.
@@MM-xc2bt no, you are mostly pointing out a problem. I can't afford to live in Hollywood so maybe I should point that out and whine about income inequality. Point is this is freedom and any inequality is due to the individual mostly.
@302Mustang13 I wasn't whining, sounds like you're whining, because someone pointed out the truth. Since freedom is income based, so is respect and kindness. So don't complain about violence or disrespect in this pos country. It's people like you that made it this way.
@@MM-xc2bt holy ad hominem. That and there is no way you can tell how I am in society based on my posts. I donate and volunteer and have saved lives and more to contribute to a better country. If you live here, I advise you to leave if you don't like it. It almost sounds like you don't live in USA, which is weird how you would know how it is here.
Hundreds of billions of dollars at zero percent interest (free money that doesnt have to be paid back anytime soon) was given to private equity and hedge funds in 2006-2020 (and its coming back in 2025 no matter who is president) which was used to "take America private" (youll rent forever and you'll like it) which facilitated buying up stocks and bonds (all time highs), businesses (1/2 of NYSE stocks have been bought out/disappeared), homes and apartment buildings (rentals and no starter homes to buy) made this happen, and the Federal govt. couldnt care less.
Jackson Hole isnt all that great. Its like driving through Aspen, Co. All show... no real substance....
Let the rich live without services. Let them feel what we all feel. Let then show their true colors.
There will always be someone willing to work for them. Don’t want to provide them with services? The people pouring over the you know what to the south will be happy to take their money and commute from wherever to do it.😂 And these people are so wealthy, they will fly the help in from wherever to provide services. And everyone here is acting like Driggs doesn’t have the amazing view of the Tetons. People in Driggs are literally getting the same views for less. Sounds like a win to me!😂
The rich will figure it out....its called capitalism.......
Exactly the same situation for the Star Valley, Wyoming residents. If you didn't grow up there and inherit a piece of property, you must be near to wealthy to live there
That’s why they are lobbying for the invasion at the southern border. They aren’t worried.
this problem is as old as civilisation. Reagan ushered it in. he was an 'acting' President. Trump wants to raise the rent further.
Same thing is happening in North Idaho. It happened in Stanley/Sun Valley a couple decades ago.
Part of the issue is people asking $300,000 dollars for something that cost only $100,000 or less.
I just had this debate with the local realtor in my town. I paid $79,000 for my 1800 square foot house and 3/4 acre. I made no upgrades to the house in the 3 years I’ve lived in it, just maintained it. All I’m asking is what I paid and she is telling me to ask $134,000 for it. Why? I’ve done nothing to warrant such a price hike. Now if I remodeled or did landscaping sure I’ll add on the cost of that upgrade, but I’ve done nothing but maintained it. so why?
Price gouging is a result of greed. IMHO
overpopulation is the origin of almost all problems
@@BjornStyrmir it's like that in all of Wyoming.
Why!!?
Cause it’s MONEY 💰
Something is only worth what one is willing to pay for it. Your home could be worth $0 if you have no buyer. Also, unless you paid cash, you paid much more than the original purchase price.
Its happening in Golden CO too.
Sun Valley ID is number 2 on the list. All ski resorts are going this direction and in my view all working staff should walk away.
agreed, why work for them? how much did Trump pay in taxes again? lol.
This is the problem with my Falls Church same exact problem
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"Who will be the backbone of all the services?"
Many desirable cities saw home prices triple and rent. Ski resort cities cant keep 'minimum' wage workers
It happened to Seattle, California, buying up all properties....
was happening besides cali folks
Thank you for bringing this to the national attention.
Many people here do not know how difficult it is to survive in this state.
It is pretty disgraceful here how we make people drive a sketchy Road just because the wealthier don't want to scrub their toilets or make room for the people they ask to clean their homes.
There is no honor in M💩G💩 Wyoming.
°~•.☆.•~°
Why do people make that commute? Why not just refuse to work in Jackson Hole? It seems like the people interviewed in the clip could find good jobs in other communities and surely everyone working at the grocery stores and shops could find jobs in their own towns. Is the pay in Jackson Hole so much better that people put up with an hour-long commute?
It’s damn shame I feel the same pain in tampa bay Florida
Why are you even bothering to report something that was already old news 30 years ago? The economic dynamics in Jackson have been like this for more than 30 years back when I was considering moving there. I didn't move there because I didn't want to drive the pass from Driggs every day for a low paying job. It's the same story in any western ski town. It's just magnified in Jackson because it's perhaps the most beautiful place in the US with extremely limited land and quick airport access. Therefore the .000001 have homes there. Why not look into The Hamptons and places like that too? You will find the same situation. Surprise!
This is actually a darn good point. There is no reason to move to any place which is totally unaffordable. Yes, it is beautiful in Jackson. It is also unbearably cold in winter and is full of some of the most hateful rich snobs in the world. Jackson would be a horrible place to live.
The top1% own as much wealth as the bottom 90% ? Da Fuq?🤔🇺🇸
That's Your Beautiful Capitalism Ha Ha !. Tax the rich 100% !
Spoken by a devoted communist.
Personally is very hard for me to feel sorry for people like this because they have been driving this issue for many years and when anyone spoke out about it EXAMPLE like Occupy Wall Street. They were told to get a job and they're a bum.
Now 10yrs+ later from that protest that I thought was very valid but somehow it got made political. Likely because they wanted people to shut up and fight between themselves and not the big issue. Put 10 years plus later you see that is a ginormous problem in the United States that the working class isn't getting paid enough money and they need credit cards to fund their ability to live. Now like what I originally said it's hard for me to feel sorry when the working class once a full size SUV or a full-size truck just to get groceries. If people decide to put their foot down and say NO to Big corporations they're going to lose money and they're going to have a change. But the people are so stupid that they are creating the modern day of Kings and Queens in society.
But hey what do I know. I'm on the Spectrum right 🤷♂️....🙄
Also this is not being said as a political argument.
This is being said because the government doesn't really care. They want you to pay your taxes and then they want you to go. So because of that people need to start being Smarter with your daughter and as soon as somebody is giving you a hard time you should stop spending that dollar.
There has been many times in my life that I stopped spending money somewhere out of dislike for something they did to me or something they did overall that's a company. A $1.00 has power. Regardless of how you feel
Neofeudalism is the word you are looking for, and it's been on the fast track since Reagan.
Excellent comment. You're getting there. Now, you just have to accept that the only way to have a community is by force; no one is going to do it willingly... most people will always take advantage of others.
@@rustyshackle917 You're speaking truth my friend. 100% TRUTH.
@@DistrustHumanz that's why they created "checks and balances." Unfortunately, the rich all but eliminated all the "checks."
Revolt! Against what, I am not sure...please help me with that....Who should we revolt against?
Stop making these people rich.... don't buy their stuff!
The rich. Litter in their areas, tell their children how parents are lying about santa being real and drugs being bad. Never show them any kindness or respect. Do what you can to make them suffer, use your imagination
Thank you GOP for cutting taxes on the extremely wealthy as in top twenty percent of people in this country and the companies and corporations they either own or manage!
Lets keep doing this so that nobody but they can afford to live anywhere in the country!
Worked there in the early 1990s during the summer while in college it’s always been an expensive place. We all drove 45 mins to work , living out west that’s normal. The reporter thinks it’s a big deal probably because he lives in nyc with everything condensed
That's outrageous!
2:41 They move in, you move out 🤔️
I lived there in the mid 2000's. Rented a 1br condo right in town next to Smiths Grocery for 1k per month. Similar condos for rent now are 4k for a studio to to 7-8k for a 1br
It’s getting ridiculous every where we need change and WAY better pay
Does this make sense to anybody?
Was just there. Heard people talk abt living in Idaho and driving into Jackson. Beautiful town and I was very happy to be just a visitor! Hope to go back!
Literally the samr thing is happening in Northern MI more specifically Traverse City MI
Move to Cambodia
Too hot.
GREED MAKES THE GREEN
Yes, but it creates a 1,000 more serious problems with it.
I am not sure what this means, but I am sure it does not warrant using childish all caps.
The wealthy need to pay taxes
Thank you GOP for cutting taxes on the extremely wealthy as in top twenty percent of people in this country and the companies and corporations they either own or manage!
Lets keep doing this so that nobody but they can afford to live anywhere in the country!
People who can afford to buy there better think where they buy
It is not a matter of but when us 191 becomes an interstate, something is going to fall to eminent domain in the future when US 191 becomes either I-19 or I-21
There MUST be wealth distribution. Wealth Tax!
Yea give me some of his money. I’m broke and DESERVE to have what he has.
Nah. Let's just keep letting the GOP keep cutting taxes on the extremely wealthy and the companies and corporations they run so that the rest of us cannot afford anything in this country again in the future!
Do you honestly believe the federal government is going to manage any new wealth tax appropriately? The same government who outspends all current taxes and is +$32Trillion in debt?
@@Brian-es9eyfor the moment who cares what the government does with the money they tax?
The government taxes people like you and I at a more than 15 percent tax rate while these extremely wealthy folk get about a 3 percent rate for themselves.
Would you rather just let this continue while these same exact wealthy reduce wages in the country at the same time they pay less taxes just to stick it to the government because it doesn't spend tax money wisely???
My guess is NIMBYism is taking place. What exactly is the answer then? Do you just say to people, you can't buy a home here if your income and/or wealth is above a certain amount? Do you, by law, put a ceiling on how much a person can sell a home for, or rent home/apartment for? Do you just outlaw short-term rentals completely, even though the owner is paying property taxes and thus, ought to have a right to rent their property out? It seems to me this is just markets at work... but why aren't new homes, multi-family and single-family, being built to meet demand?
NIMBYism is almost always what creates this problem. People who own property to live in or rent out short or long term, use their "property rights" as the excuse as to why they should be able to do whatever they want with their property under any circumstances. Fair enough, but they only have property rights over THEIR property. This idea that somebody can dictate that no new homes are built, such as a multifamily apartment complex or condo complex to support workforce housing, when it's not their property, has GOT to go. "Public Comment" is fine, but its up to council and mayor to recognize the city needs and not bow to pressure from NIMBYs. The only leverage NIMBYs have is that they'll leave... let them. A race to the bottom in housing prices is what many people claim this city needs.
This is everywhere though even here in Vegas we’re slowly becoming like California with pricy real estate and need better jobs
3:32 Wow, that collapsed road northwest of Jackson (route 22) is already re-opened. I guess when you have boat load of money, you can put pressure on these politicians to fix the road quickly. It only took them 3 weeks to fix that road. Considering the foundation collapsed; normally it will take several months.
Wow, a bunch of whining socialist in here. Move to Colorado if you don't like Wyoming! FJB!
The majority of the property taxes should be paid by those who created the damn environment of take what you want, when you want it, and to hell with everyone else.
I work for these rich people and was born in jackson. So sick I'll never be able to afford a house there. It's okay I love commuting everyday 🤦♂️
then go on strike what are they gonna do cook their own food for once
@@lithium25693i thought strikes were illegal in Idaho, they be better off bringing their guns downtown and occupying all the starbucks.
@@lithium25693 going on strike will just make u loose your job....trust me people who buy 7 million dollar homes can fin a cook
Congrats on your good attitude!
Your kids are going to have to move farther away if they intend to live there as long as you.
Single family homes should be for people only, not investors. This is not sustainable.
Keep voting democratic kids
This is happening in other areas as well. I think even where I live
It is not happening in Colby, Kansas. You are not from Colby, are you?
Thankyou very much ❤
There needs to be housing policy.
Thank you. A housing policy. What sort of housing policy are you thinking of? You mean like on an Indian reservation?
@@roberthenry9319 Some kind of framework. To deter the boom and bust. To deter big companies destabilize the housing--big companies are pushing the idea that Americans now want to rent, what a joke.
Jackson beautiful area but worst people and city in all of wyoming. Looks like wyoming but doesn't feel like it.
Jackson WY from someone that lives here...
80% Mexican.
15% out of state rich / trustafarians
5% Moldovan / Romanians
It's unsustainable
this is only the beginning
Yup
She asked, "Who is going to work?" I think Joe Biden and the Dems have your answer.
Great video!
WE NEED A WEALTH CORRECTION!!!! And I think we'll get it. The entire economy is propped up.
Be specific
Thank you GOP for cutting taxes on the extremely wealthy as in top twenty percent of people in this country and the companies and corporations they either own or manage!
Lets keep doing this so that nobody but they can afford to live anywhere in the country!
@@Con-Doe Good god, no. Please don't ask @bmwlane to be specific. We don't want hear it.
Southern California has a home mansion. Come live in LA.
Come on Wyoming politicos time to build affordable housing in Jackson for the worker bees
The eroding middle class
This is what cutting taxes for the wealthy and corporations creates.
And people keep voting for the wrong politicians. Wealth tax now!
I have not been to Jackson hole since 2000 and will never return.
I will not serve you
Has anyone asked you to serve them? Oh, I get it. You are a waiter.
Welcome to . . . MURICA!
Where's Murica? Is it an island? If so, global warming is going to cause it to be submerged next year.
Peoplr, stop making these billionaires rich! Dont buy their crap!
Exactly. Next time you need a new cell phone, coffeemaker or eyeglasses, buy them from a waitress or policeman who make them in their basements on weekends.
Thank you GOP for cutting taxes on the extremely wealthy as in the top twenty percent of people in this country and the companies and corporations they either own or manage!
Lets keep doing this so that nobody but they can afford to live anywhere in the country!
@@sh550 Or just get them from Goodwill.
We have the plutocracy that we continue to vote for.
Sink or swim.
Enjoy!
I heard they have equality in North Korea. Move there !
That actually is a darn good point. Too bad winters there are so damn brutal.
Be content. Who cares… let them have what they want.
That’s stupid
Can tell the gal running for mayor is a big liberal. She uses all the lefty buzz words..."unsustainable', affordable housing, unequal etc Truth is in some areas there is no such thing as affordable housing. Here is Calif greasy Gavin is mandating that all towns have affordable housing. Places like Huntington Beach are fighting back. Where I live they want to rip up an old beautiful golf course to build so called affordable housing..... I say if its too expensive move someplace cheaper or get a better paying job....life is not fair or equal
Rich people want to live in nice places- this is not news! This report is akin to reporting on a glacier slowly melting… we all know it’s going to happen eventually so relax on the constant reporting which is just causing more divide between humans!
OK. I will.
You all can think California vote blue forever.
I never felt entitled to live where i was born. When I couldn't live at the level I wanted to, I moved. If you don't like the humans, don't work for them, don't provide them anything.
Oh hell no! Won't live there if they give me a house!
@@pamwilkinson3751 It looks like a beautiful state. Some of my family came from Sweden and they said.
The United States is so big and different in so many places that in some ways you don't have to leave the country.
An that place reminds me of some places of Sweden
Well, you are lucky, Pam. No one is going to be giving you a house in Jackson, Wyoming. Actually, no one will be giving you a house in Shoddy Daisey, Tennessee, either. You ever been to Shoddy Daisey?
No one is forcing people to work and try to live in Jackson .
Besides, if people are really hell bent on moving to Jackson, they should move to Jackson, Mississippi. That way, they can tell people they live in Jackson. It is probably cheaper there, too. Problem solved.
Jessica wants multi family affordable housing, but why? Jackson's charm is its for the ultra rich, there's thousands of cities with multi family affordable housing
Exactly. Take Trenton, New Jersey for example.
This is nothing new. It has been this way since the 50’s. I don’t know why it is suddenly CBS news now that a portions of the pass collapsed.
Not true
@@Owlshadow. What year did you move to Jackson? If you even live there….. Because if you moved there recently (past 20yrs) and you think this situation is unique to just this time line than you are delusional. This has always been a symptom of supply and demand in Jackson/Teton county. Only 3% of the land in Teton county can be sold. And it has, and the big ranches that are still there taking up, and keeping Jackson pretty, have conservation clauses on them put in place back in the 50’s. Jackson is a microcosms of what is happening in the US.
This guy is telling the truth about the land loophole in Teton County WY.
You need that Epstein money 💰
So what, every luxury resort is the same. More jealousy of people with more money then you have.
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Who the hell is talking about cryptocurrency? Did you comment on the wrong video? But just watch. You Tubers will switch from commenting on Jackson, Wyoming and start commenting on "the world of cryptocurrency". What a country.
Welcome to wild Capitalism.
Don't worry. The "invisible hand of the market" will balance everything out. (At least this is what the Economists say).
Irony.
Just stop supplying your hard earned sweat equity there. Maybe the Billionaires can staff their own shops with themselves and their family members. Wait, 11 million plus illegal immigrants just came through the border. Ship them to Jackson. 🥸
This problem is happening all over the world, and definitely all over the United States. Take a look at Hawaii where the locals can't even afford to buy a home in their own neighborhoods anymore.
I don't think it's happening in Hastings, Nebraska. Is it?
@@roberthenry9319 probably yes, to a smaller extent. Even those crappy stock market investors are now buying real estate and driving prices up.