What to do when your small town is overrun by the rich [View all]
In Jackson Hole, Wyoming, there’s a look old-timers exchange when a newcomer, decked out in brand new cowboy boots and blinged out jeans, walks in.
“You know, the look women sometimes give each other when a man is talking,” Claire Fuller, a lifelong Jackson resident, says.
The newcomers, “the Californians buying brand new everything,” have descended on Jackson, and the pandemic has only accelerated the urban flight from those too-darn-expensive coastal cities to the vista rich, once quiet, interior West.
Jackson Hole is one of the hottest spots for those with wealth and a penchant for wild lands, ski slopes and tax havens (Wyoming has no state income tax). From January through September, over $1.5 billion in real estate sales were recorded in 2020, a record-shattering number, the Jackson Hole News reported.
Read more: https://www.deseret.com/indepth/2021/1/29/22242573/reseachers-surveyed-western-towns-that-went-luxury-heres-the-biggest-problem-jackson-hole-springdale
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