CategoryHousing

Are AirBNB, VRBO and other short-term rentals killing Park City?

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There is a great article in Outside Magazine about how AirBNB and other VRBO services are killing the “last great American ski town.” No, they aren’t talking about Park City. They are talking about Crested Butte. However, the article might as well be talking about Park City. What are the problems? Traffic. No affordable housing. Fewer year-round residents. Increased home costs...

As you’re planning renovations to your Park City home, consider this…

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Bloomberg has an interesting article on the trends in luxury homes. Specifically: Master bedrooms aren’t what they used to be Home theaters are losing their appeal in favor of VR Garages space will be reduced by 25% in the next 30 years Your huge kitchen is no longer necessary We’re not sure if we agree with these all… but in Park City… you don’t have to be...

Want to learn more about affordable housing issues in and around Park City?

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Affordable housing is one of the most important issues facing those of us around Park City. No matter whether you are in the camp that says we need more affordable housing to enable those of us who work here to live here, to maintain our sense of community, or a hundred other reasons… or you are in the camp that is worried that affordable housing may impact your property values, that what...

Minimum Wage, Automation, Affordable Housing, and Traffic Around Park City

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Across the country many cities are moving to a minimum wage of about $15. This has been met with both cheers and backlash. The cheers come from people glad our society wants to help people get closer to a living wage. The backlash comes from people who say that it hurts businesses and is not maintainable. Either way, what we are seeing is a continued push to automation in service sector jobs. You...

East Creek Ranch Is Better Than Thought

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We’ve poked a little fun at East Creek Ranch over the years… from one of their houses in an ad looking like a polygamist compound to questioning the location. This weekend, I had an opportunity to drive around their site that now sports 10-20 homes (in the open area just west of Bells’ gas station). While I’m not sure I would say the home quality always “looks”...

Homebuilder Confidence at 2005 Levels While Mortgage Applications Are Down… Be Careful Out there

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Upton Sinclair famously said, “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” With that, I present three charts related to housing. The first shows that homebuilder confidence (National Association of Home Builders or NAHB) is at all time highs. What this means to people in Park City is that companies like Ivory Homes (Park City...

What Career Should Your Kid Pursue if They Want To Live in Park City After School

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It seems many parents and their children dream of a day when their child could come back from college (or grad school) and live in Park City. Of course, that may mean working in the valley but that’s a small price to pay (for many) to be able to live the Park City lifestyle. First, let’s talk about the primary driver of whether someone can live here… the cost of housing. At the...

What Park City Could Learn From Mr. Star Wars

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The Washington Post has an interesting article on affordable housing, the wealthy, and George Lucas (Creator of Star Wars). It seems Mr Lucas wanted to expand his Skywalker Ranch studio in Marin County California. Citizens opposed the idea, saying things like, “The studio expansion would pose a serious and alarming threat to the nature of our valley and our community.” Lucas tried to build his...

Why Does Affordable Housing Take a Back Seat at Park City Heights?

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Park City Heights is the residential housing development behind the movie studio. It is scheduled to have 211 single family homes, 78 of which will be in line with affordable housing requirements. There will also be 28 affordable town houses. According to the Park Record, on Monday the developer was to start selling 100 “market-priced” homes. These would be the “non...

The Details of Affordable Housing Are Tricky

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As part of the new “Whole Foods” development across from Ruby Tuesday’s, there is a requirements to build affordable housing. The developer is meeting this requirement by building twenty, 800 sq foot apartments on top of a building in the development. The design is a 1 bedroom, 1 bath, with a kitchenette design. One of the great things about this development is that they are...

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