Just like every other tourist spot in the country, it’s nearly impossible to find affordable housing options in Summit County, Colorado.
Hundreds, if not thousands, of properties in the county are owned by wealthy people who have turned them into short-term rentals for vacationers.
That makes it increasingly difficult for middle class workers at the resorts themselves to find an affordable place to live.
To combat this issue, Summit County is considering placing a cap on the number of short term rentals.
Check out the full video by CBS Colorado:
The fact that people flew in to attend this meeting tells you everything that you need to know.
Summit County, like dozens of other ski towns across the country, have become overrun by wealthy individuals who own property simply to make more money.
Meanwhile, thousands of low-to-middle-class workers who keep the resorts, restaurants, and shops running are struggling to get by.
Stay tuned here at Unofficial Networks for updates regarding this story. We’ve got you covered.