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Big problems such as affordable housing require big solutions.
We live in an area where the free market for housing is severely distorted by the ability of second-home owners to pay cash, and lots of it, for any housing that is close to the resorts. I know several people who are in their 30s and 40s, have kids and good jobs, but even with 3% interest rates and down payment assistance, $500+ per square foot for real estate is not affordable for first-time buyers.
Mike Beltracchi
These are people who have been in the valley for 5-10 years and would like to stay and raise their families here. The majority of jobs are in the upper valley, and it makes sense to build more housing in this area instead of adding another 500 to 1,000 cars per day on Interstate 70 between downvalley communities like Eagle, Gypsum commuting to places like Avon and Vail.