5th busiest ski season on record this past year

[drjeff]

The communties around ski resorts, especially destination type resorts, are going to be in a total bind for a while as the housing market has so often turned over from where there used to be a fair number of "lower level" units available for employee housing, that have now been bought and "upscale renovated" and given some attempt at a catchy name by the new owners who then get it photographed in just the right, staged way to put it on the short term rental market. Then you run into the NIMBY factor where the locals (both lifers and newer members of the community) often block attempts via the planing and zoning commities, for needed new construction at various price points, and especially lower price points for locals and seasonal workers, and this seems to be happening regardless of if the resort is owned by a mega pass group or a small/independent entity.

Population migration is happening, and it can be very challenging when some areas try and resist it on a large scale basis, as often the folks thta end up "hurt" the most are the locals who may end up being priced out of the area they call home.

There is a balance to this, it sure is a complicated topic, but total resistance towards new development and growth is arguably just as "bad: in the long run as no limits on growth

 

[1dog]

Think I read on 'Bush string where Warren nixed a housing project for employees - NIMBY. See both sides, but in the end, the customer/locals suffer.

SB has SB Inn as employee housing - it was an old building, but it has gotta take away quite a load of revenue by being utilized as it is. One of those places they used to offer ski/stay packages for $120 p/p/p/n w lift ticket mid week. And locals, unless they own property that has equity, lose out. Can't spend equity unless you sell, then they have to leave.

It's not just the ski resorts. In-laws live on Cape - $650K for a small cape that was $350K not 4 years ago. No employee housing there either.

 

[KustyTheKlown]

Think I read on 'Bush string where Warren nixed a housing project for employees - NIMBY. See both sides, but in the end, the customer/locals suffer.

SB has SB Inn as employee housing - it was an old building, but it has gotta take away quite a load of revenue by being utilized as it is. One of those places they used to offer ski/stay packages for $120 p/p/p/n w lift ticket mid week. And locals, unless they own property that has equity, lose out. Can't spend equity unless you sell, then they have to leave.

It's not just the ski resorts. In-laws live on Cape - $650K for a small cape that was $350K not 4 years ago. No employee housing there either.

the sugarbush inn was my go to for a while. great deal. great location up the access road. glad its being utilized for employees tho

 

[slatham]

In Manchester VT there are a couple of older motels on Rt 11/30 that are being used for winter seasonal housing, primarily for Stratton. Owner is interested in getting approval for some to be year round.

Once side benefit is they started a shuttle from Manchester to Stratton last winter for both works and skiers ( I think it stops at Bromley too but not certain).