Housing Community Development News

"Cowboy Ski Town's Housing Crisis: High Earners Struggle to Afford Homes"

Steamboat, a once relatively affordable ski town, is facing a housing crisis as real estate prices have skyrocketed, making homeownership largely out of reach for those making less than $200,000 a year. A proposed housing development, Brown Ranch, has sparked a heated debate among residents, with concerns about its impact on traffic, infrastructure, and the community's character. The city council approved the plan, but opponents collected signatures to get it placed on the ballot. Similar struggles are seen in other destination towns, as demand and prices surged during the pandemic, leaving even high earners priced out of the market.