Living the dream has never been easy in the West’s most beloved adventure hamlets, where homes are a fortune and good jobs are few. But the rise of online short-term rentals may be the tipping point that causes idyllic outposts like Crested Butte, Colorado, to lose their middle class altogether—and with it, their soul.

Outside: Did Airbnb Kill the Mountain Town?

 

This is a big problem for major cities like San Francisco also.  It’s having a real impact on the long term rental market, which is already problematic.  This is a good example of how the Internet brings efficiency to markets, but that doesn’t necessarily make things better and often can make things worse.

Also on:

Leave a Reply

Your email address will not be published. Required fields are marked *

To respond on your own website, enter the URL of your response which should contain a link to this post's permalink URL. Your response will then appear (possibly after moderation) on this page. Want to update or remove your response? Update or delete your post and re-enter your post's URL again. (Learn More)