Wanna Move to a Mountain Town? Don’t Bother Without a Truckload of Cash

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Wanna Move to a Mountain Town? Don’t Bother Without a Truckload of Cash

The result is real estate markets blowing up across the West, as well as the nation. Perhaps the most maddening part of all of this is that the Zoom Boom isn’t the half of it: The biggest real estate action is happening in the luxury markets. Aspen saw 90 sales over $10 million last year and the average home price shot up to more than $11 million. Jackson, Wyoming’s, median sale price last year was $2.5 million, and it continues to climb. There are solutions: Tax the wealthy — and the high-dollar real estate transactions — and put the revenues into building affordable housing.

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