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Ski towns are so expensive that workers struggle to afford local housing and stay in their jobs. Vail, Colorado has spent $17 million paying homeowners to rent to local workers, according to the Wall Street Journal. The typical home value in Breckenridge was $1.1 million in October, while in Vail, 40 miles west, it was $1.6 million, according to Zillow. He told Business Insider earlier this year that the worker exodus from Vail has forced his business to stop offering lunch some days. Advertisement"Teachers, like myself, want to stay here in the community, but doing so requires the stability that homeownership can offer," Weibel told Business Insider.
Persons: , Callie Kuchan, Business Insider's Jordan Pandy, Kuchan, Pandy, Vail, George Ruther, Ruther, he's, Paul Anders, Anders, Allison Weibel, Weibel Organizations: Wall Street, Service, Business, Street Journal, US Department of Housing, Urban, Policy Development, Research, Vail Daily, Vail Locations: Vail , Colorado, Breckenridge , Colorado, Illinois, Chicago, Breckenridge, Vail, Aspen, , Montana
Callie Kuchan is returning to Illinois after finding a small ski town in Colorado too expensive. To hike, bike, ski, cross-country ski — pretty much all of the outdoor sports that I could get myself into. You're living your mundane life while being surrounded by that environment, which can be challenging mentally. Callie Kuchan moved to Breckenridge, Colorado, for the active lifestyle, but couldn't afford to live how she wanted to. Breckenridge, Colorado.
Persons: Callie Kuchan, Kuchan, , There's, Breckenridge, Covid, it's, — it's Organizations: Service Locations: Illinois, Colorado, Breckenridge, Breckenridge , Colorado, Denver, Chicago , Illinois, Chicago, Chamonix
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