That restaurant owner's employees are sleeping in their cars and tents and she's out there argueing against increased taxes for people who own multiple houses.
She literally claims employer owned employee housing (that the employees are charge for by their employer) is the solution. This is the kind of stuff that causes violent revolutions that result in the wealthy landlord class being lined up and "put to the wall".
@@RazorSkinned86 lmaooo imagine advocating for modern day company towns thinking you’ve cracked the code. Putting a wager on her next big brain idea being the payment of employee wages in scrip.
When people earning between $75k and $100k plus per year can't afford housing there's a real problem because that leaves everyone below that line struggling to meet their basic, human needs.
@@yokohamaborn it's incredibly frustrating to live in a society where working hard and earning that much still leaves you struggling to have a modest existence. Being house poor used to be a choice, now it's a given.
yup, i started making over 100k about 5 years ago. Lost that job recently, I make much less now. But even when i was "rich" I couldn't afford a house. Can you imagine? I thought when I "made it" I'd be able to live like my parents in a house. I couldn't then and I definitely can't now.
That restaurant owner is a really good example of the Upton Sinclair quote, “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
280 pizzas an hour. Damn you'd think you'd be able to pay someone enough to get your operations back to normal especially with a traditional take out food. So greedy.
The difficulty only comes from the unwillingness or unprofitability from others in informing another who's ignorance they rely on. That horrible small minded quote doesn't include a person's ability to educate themselves which doesn't even sound within the realm of possibility from Sinclair's point of view. Spouting horseshit like that only solidifies classism and condescending pity for the poor when they would be capable of anything should the giant thumb be lifted off of their heads.
@@Swiftrevoir The quote is not about the poor at all. It's about exploiters' (and their ideologues') amazing ability to rationalize an unjust system when they personally profit from it. Specifically, it was about the newspaper editors who disparaged his socialist campaign for governor of California in 1934. Here's the context: « Impossible for any editor of a commercial newspaper to understand the difference between a profit system in a state of collapse, driving the State and everybody in it to bankruptcy, and a system of production for use in process of growth, providing security and plenty for all. I used to say to our audiences: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" »
I was thinking that's really not many steps away from workhouses and very open to exploitation of labour! It is framed as her doing charity work (she even says not all her rentals can be philanthropic), but when her workers are vulnerable due to housing shortages, this is a way to chain them to her business. Subsidized company housing is only a boon if the workers have others viable options available that they can afford. Then again, in USA they also frame having to crowdsource money for medical debt as a positive thing. It's really not a feel good story to see people struggle to get healthcare!
Guarantee almost 100% that shes a slum lord and treats her work/tenants like absolute garbage. Probably holds it over their heads that "she could be charging more!!!" all the time.
Real tired of these "second home" owners being terrified of paying slightly more in tax when it's their activity in the area that's causing problems in the first place. "Second home" owners are neighbors too. They just don't think they should face the consequences of their gentrification. Sickening.
A tax that they could EASILY afford. In NJ these NYC beach house creeps have taken the public beach access and parking away. They did nothing for the Jersey Shore when the hurricanes hit and easily rebuilt. The rich take and they keep and they take more.
Removing tax breaks on rental properties would absolutely remedy the current housing crisis. It will never happen though because representatives from both parties own a lot of property.
you can always count on rich people to praise themselves for solving a problem that they created. Edit: I’m not assigning blame to anyone. For those of you special people triggered in the comments who gotta tell me how “blaming rich people for your circumstances is choosing to stay poor.” Everyone knows that 💀
@@BiscuitGeoff I don’t agree. I think most highly successful entrepreneurs develop a product or service that people willingly and gladly buy. For example the smart phone you typed this reply on. No one forced you to buy it, you bought it voluntarily. Government on the other hand forces you to do things at gun point or with threats of violence, incarceration, or loss of livelihood. Many times it’s a solution to a problem they created. For example the covid vaccine. A vaccine forced on workers for a virus manufactured in a government funded laboratory.
@@highbrass3749 well, you’ve gone from ‘rich people’ to ‘entrepreneurs’ pretty quickly. Most rich people were born wealthy and leveraged that advantage to get richer. A few also use that advantage to gain political power. Look at the number of millionaires running your country. Business can innovate but it can also monopolise, cost cut and use other shenanigans to make money while reducing quality.
@@BiscuitGeoff with regards to money in politics I do think that’s a problem. The problem is even when “poor” people run for political office they quickly become corrupt. It’s a problem we need to fix for sure. I definitely think the US needs term limits for Congress and Senate.
The locals who have lived in the town with the same jobs who can no longer afford their homes are almost NEVER the problem. You don't blame gentrification on the victims.
Yup... I.... HATE GENERATION FAIL. Destroyers of communities. Bringer of price increases... The failure of society as a hole as sheeple buys what influencers preach. That is why this community and many others (Arizona anyone?) are going straight to hell.
It wouldnt be an issue if the people didnt vote for logging and housing regulations that democrats pushed for... And the people fell for it without understanding the consequences that the other side was telling us about.
@@juaecheverria0 Housing regulation is NOT a democratic thing. That's a common misconception. NIMBY-ism is not limited to any political group. It's home/property owners vs those that don't own real estate. In liberal-as-they-come Bay Area California and Los Angeles long time residents constantly vote AGAINST deregulating zoning laws to accommodate more housing. Everyone agrees there's a problem, but nobody wants to accommodate a solution if it might, even slightly, inconvenience them.
@@Fish_Stick_Party no, I'm specifically talking about the Democrat party leaders that pushed for such legislation. And maybe youre right that these zoning laws are being protected by some lobbiests. But that does not disregard the fact that plenty of democrat leaders are the ones pushing to vote for such legislation within the house and senate respectively.
@@juaecheverria0 Yep! Another really important issue that would help the housing shortage is Single-family Zoning 70%~ of all residental zoning in the USA is Single family ONLY - meaning that you cant build duplex, triplex etc, only a big house for 1 family If we got rid of that single family zoning, investors could build 2 - 4x as much housing, which would hopefully lower all prices. I agree - a lot of these issues are from overregulation and democrats being stupid and using emotions to get votes from idiots
For all of the people that live in their cars because they cannot afford rent, mush less their own 1st home, I feel zero sympathy for people that own 2 or 3 or more homes. It must be tough being so wealthy. Something must change.
Right? It’s disgusting that some people get to live like kings while others starve and scrape by. No one should be struggling to obtain basic necessities in the richest country in the world. We need to make housing affordable, need free healthcare and free college, at the very least. I work full-time but I don’t make enough to save for the future. 3/4 of my income goes to rent and the rest goes to groceries, gas, car insurance, health insurance, medications, etc
@@user-ic1ii7ky8p I understand, as I am one of those people - pushed out of the city where I run a small business. And rent in my new place is still high enough that I'm struggling to pay it, struggling to afford gas to get to and from. I had money saved for a down payment on a small house and then Covid hit and that was used to simply survive. So as much as I AM one of those people, I do understand bigger-picture economics. None of those things are free. The more the government gets involved in provisioning those things, the more unsustainable they become. Like the student loan situation. If the government is backing student loans, then colleges charge what they want - because they are completely unhitched from normal supply and demand rules. That's exactly what happened. The price of servicing those plentiful, easily-obtainable loans went up, so that got outsourced - and those 'low interest' loans are not low interest. And they can't be discharged in bankruptcy. Now those loans that qualify for 'forgiveness'? Well, that 'forgiveness' will be counted as TAXABLE income. Suddenly those people will be taxed on those tens of thousands of dollars. And they still won't be able to get away from it. Same goes with government subsidized health insurance & health care. There is no market incentive to keep prices low. Normally the market (which is the people who buy the product) dictate the price. It's important to understand the ways which the customers are removed from their role in setting those prices (demand). Government subsidies is the preferred way, because it's popular - that's how votes are bought. The other effect of this is inflation (which, despite what Keynesian economists say) is a tax on the poor. The best way to make housing affordable is to remove government from the equation. Stop voting for them to provide services and 'regulate' the market.
exactly how long will homeless ppl not have a job because of these corrupt manipulative rich ccksuckers that slowly through manipulative schemey structural implementations for preservation and sustainment of there evil manipulation corruption based power through an illusion / unsustainable amount of injust unearned stolen excess of which helps them get more power and authoritise the system even more by making the system more reliant or more based around whatever theyre corrupt regressive humanity haulting undeserving in turms of personal use whatever that might be and so they make most profitable things structured around already structured monopolisations of corruption and manipulation around bullsh*t propagation caring giving your life to destructive worthless harmful to yourself bullsh*t for immediate thoughtless sensless excess of which allows incompetances and only incompetances to have money because smart ppl dont waste their lives going after money they dont prioratise money over the true and real potential and purpose that they have creating directories that all of these schemey ppl leech off of and have manipulated corrupted poised through the use of power in a world in which blind subserviance to power is immenant and were able to irresponsibly degenerate use abuse things with great amazing potential for thoughtless bullsh*t nothing bullsh*t literally and that only incompetances could even consider wasteing their life for meaningless nothing pathetic bullsh*t useless reward of and through wasteful bullsh*t leeching off of it wasteing its potential technicalities in it degenerating it and bringing yourself to propagating it as if it is good technological advancment and instead of contributing or adding to advancment of it but only focusing on what in short turm quick cash grab degeneracy continuation of the same old meaningless bullsh*t out of your incomeptance and fear you have to try degenerating corrupt exploitative manipulative get rich quick cash grab schemes through exploits and loopholes of it that will be closed and shouldn't be apart of reality right now and corrupting this system even more by making it your whole lifes purpose for preservation of your corrupt money and power to keep those loopholes open and get further and further from intended free use of it and contributing to the continuation of the authgoritisation of this system through more and more reliance on previous structures we used being put into further and further garbage scams of which enable and make only incompetances able to get rich because they are the only ones stupid and unconscious enough to submit to be subserviant to whatever bullsh*t thoughtless garbage and dont have consciousness or taste to see it and propagating the continuation of thouhgtless sensless destruction through systematic institutional manipulated means for meaningless pathetic metrics that anyone with a base level of indevidual competance can see is not worth putting any more time into than dismantling to get past to make more progress than your blocked from by this preservation based authoritarianised system and or beause it is completely stupid and meaningless regressive destructive etc but is also reason they have the power to impose these bullsh*t things because they focus on power hierarchies social manipulation and very primative pathetic bullsh*t of which shouldn't be apart of any kind of aquasion for reality in all of the potential of our modern day advancments of which we've been condtioned to be dehumanised desensitised to humanity suffering and encouraged apart of our world everyday life to use abuse irresponsibly destructively degenerate something great along with ourselves
Lol yeah sounds like indentured servitude. She prices the rent high enough that they’ll pretty much need to work full time and it keeps them poor. And she can also boot them out if they leave the job
And she touts herself as philanthropic. So she realizes she can’t make any money without employees but also sees them as charity cases. She could pay them a living wage for the region but that isn’t even on her radar. That’s the crisis, not the extra $600 they make on unemployment.
That’s a easy narrative to paint in your head. But she’s not a CEO, it’s a restaurant. Small business owner that can’t do a whole lot, is doing what she can to help. Is the more correct narrative here.
@@julieh.9826 They make what they expect to make working at a restaurant in a mountain town. Young adults come to places like that. (like I did) For the experience, being able to ski/snowboard and have that life. You can’t expect to make a lot of money cooking pizza, nor should you.
Ugghh no individual should have the sole power to decide if people are homeless without being held accountable by a system of elections and votersss You aren't qualified to manage society just for being a good person! Unfettered power corrupts the best people! You gotta have (just) systems!! Uhhghhghhhhggh
@@kaylaworley6109 Yes, unironically. Why do you think monarchy has become an obsolete system? If it's entirely up to your discretion how to govern, who can stop you from becoming a tyrant?
Many people, young and old, weren't taught about how hard the working class had to fight to gain rights. "Sold my Soul to the Company Store" anyone? Coal miners had to fight and die to separate ourselves from the employers owning the housing and the stores. People would have to use family members as collateral if they could not afford food from the company store. This is some incredibly important stuff to learn about because they paved the way for workers rights. We can't let ignorance let us slide backwards again. Coal miners in the early 1900s often weren't even paid with money, but with 'scrips' printed by the company, so only that company could redeem it. They had to purchase food, clothing and tools from the their store. The company provided housing at cost, which seems fine on the surface but when you're getting paid pennies (or a useless currency in this case) your options shrink more and more for a better life. It was a big trap for workers.
Too late, the trend has accelerated thanks to covid and more and more people are stuck renting from company homes, commuting on company bus and buying from company store, stuck in a vicious cycle of poverty. Welcome back the 1900s.
They don’t care about the working class. We are the enemy of the government, politicians and corporations. There’s no accountability in politics. Which means there is no ability for the working class to hold politicians to account. The working class has been gutted repeatedly, and there’s no renaissance in sight.
Unless she’s paying each worker $30/hr or more, there is nothing generous about the $1500/month rent she charges. The housing is for *_her benefit only._* It’s a thin veil she’s holding up and we see right through it.
I like how she says can pay the mortgage on her rental property by renting it out for a week but then a few minutes later in the video she says she’d be forced to sell if it were taxed at a higher percentage Does not compute
How is their no benefit. In the video she literally says giving it to her employees for $1500/month is below the current market rate considering that her monthly mortgage is $5900 a month id says that’s pretty nice...
@@nate9932 1500 a month for a rental in a rural area is crap. Also if she's paying that much it's because shes paying on a fucking mansion. Average prices are not 5k a month.
As someone who's been pushed out of a ski town, working resorts for 10 years, it's a slap across the face when these guys with a second home comes to a city hall public forum against a tax for themselves. Meanwhile they directly are the reason why locals are pushed out if they're not multimillionaires. Same guys paying people 12 bucks an hour somewhere with high profit margins. Its not "eat the rich", it's tax the rich at appropriate levels.
@@sevenman9672 So you're suggesting locals be banned from selling their properties to out-of-towners? It's not a crazy idea. Many countries have laws or restrictions on what properties foreigners can/cannot buy. I don't see why similar laws can't be imposed but at a more local level instead.
It only sucks when you're poor.. This is what having wealth looks like. This is modern day freedom. We all live in an increasingly smaller world. When you look at it on paper there's nothing wrong with people wanting to move away and live somewhere else. At what point is it not ok with 'you'? The reality is a tax on these people wasn't going to save you. What you should've been thinking about is why were you continuing to work at resorts for the last 10 years.
@@Sometimes_Always Btw, college educated and I made the decision to work at resorts because I love the work, the people and the environment. Its wildly rewarding. The balls on you to pretty much underhandedly say to obtain wealth to be able to SURVIVE in a ski town, while people with your mentality are buying up multiple properties at exasperatedly high costs that you're willing to pay (even before COVID), causing real estate to rise at unstable rates subsequently ruining a town with nearly complete gentrification and having to bus in people from other towns to even be able to work those "too low for yourself" jobs. People who work hard are the backbone of this country and because you have wealth (probably family money judging by the cockiness), it's clear how much entitlement wealth has given you. Wealth is freedom is the one truth you've said, and as the gaps between rich and poor keeps expanding in this country, freedom will be less and less possible. The wealthy shouldn't ever make up the entirety of a community, especially when they just take over a town and push everyone out, I'm sure there's some country clubs begging for your membership.
@@user-pl7vh1lj5m How does that make it any better in this situation? Homelessness is a terrible problem that is overlooked in this country since people think it’s “moral” in nature.
These people don’t understand how someone can just live and be happy with what they have and where they grew up. Not everyone needs more money, but when you are driving prices up you will call us lazy because we only have one source of income. Just let us live.
How do you stop prices from rising? This looks like a beautiful place and I can understand why there is competition to live there and prices have gone up. I would imagine that some of the original residents have sold at the higher prices choosing the money over the location. I also assume that some won’t sell because they value the location and home and wouldn’t want to live anywhere else. I grew up in a beach town where it was actually really inexpensive to live. By the time I graduated high school the secret was out and prices skyrocketed in the 90’s. I never could afford it despite making decent money so I currently live inland but I’m not bitter about it, it makes perfect sense. There isn’t room for everyone to live there so it’s a price point issue and that’s just the facts. You can always move to Detroit and people will let you “just live” ;)
@@michaelvonfeldt9629 stop short term rentals, ban companies from using family homes as investment instruments so 2008 doesn't happen again because real estate is once again in a bubble, use rent control in the most extreme areas of the nation, incentivize building affordable homes, get rid of nimbyism zoning practices, and on and on. There's plenty that could be done right now this very minute. Nothing will be done, because our entire government has been bought and paid for by the billionaires who own the companies that use family homes as investment instruments, and want to make sure the money doesn't stop coming in. It's pure corruption, nothing more.
@@kenaultman7499 I think of average people that purchased properties as a rental that would be crushed if short term rentals were banned and rent control implemented. Affordable housing is definitely needed and I agree with most of your ideas.
Late stage capitalism, people are finally beginning to understand that these are the values this country was built upon. It's not a bug, it's a feature.
I like how at the town hall meeting, the rich people make it seem like THEY are the victims. They think the poor workers should just accept worse and worse living conditions so that they can continue to serve the wealthy. And wouldn't it be terribly rude to hurt the rich people's feelings by pointing out the problems they are causing?
"They think the poor workers should just accept worse and worse living conditions so that they can continue to serve the wealthy". They never really said any of that. There are many solutions to the housing crisis that do not necessarily involve taxation of the rich. They'd probably argue you need to draw in investors and rapidly expand housing development, or you can support worker co-operative housing projects.
@@radscorpion8 As even your quotation of my statement shows, never did I claim that they actually SAID it. Language is also about inference and suggestion, subtext and context. And yes, there are of course many varied possible solutions to the problem.
The weird thing is they are probably not incredibly rich, relatively speaking. I knew a couple of families back in the 80s who had a modest house in San Francisco and also a small place up in the Sierras, neither place was extravagant. "Rich" nowadays means having to choose which of several houses to go to and which plane to take to get there.
I love these people who complain about their 2nd & 3rd homes being taxed, yet don't give two shits about people who have to live in the streets because they can't find affordable housing. Don't feed the greed!!!
Hey, I owe several properties so I know how it feels. It won't be like this forever so make as much money as you can. If you can't afford it then leave. This country doesn't owe you liberals a damn thing !
Its not affordable housing in this context... its, there is NO housing. The solution isnt getting taxed in order to sell because then people wont even be able to buy these expensive homes. Its building more homes fast with government incentives.
Just like my former boss acting like it was their gift to have given you a job when you're underpaid and overqualified. Trying to portray the whole nice family business look but they own business buildings, rentals, and short-term rentals all over. Plus vacation property in another country.
guaranteed she uses her "hippie" lifestyle to trick these kids into thinking she's really doing the most, when she's fucking them raw! kids that, typically, think that because she didn't vote for trump and isn't a white male, they are a part of something new and different instead of literally being modern day serfs.
@@chrisblanchard6413 That's the white liberal playbook right there. Make money off all the suffering and then claim to be a social justice warrior fighting for virtue. Very lucrative grift as we see in this video works perfectly.
That restaurant owner was cringy as hell. She’s only offering workers homes so she can make money off them. Didn’t we do away with company towns? 🤦🏼♀️
im a little torn over this one, on one hand she is renting to her workers at below market value. and she does need to find a way to incentivize workers to stay when there is obviously a labor shortage caused by people moving out due to inability to afford to live there. On the other hand, yea it does seem somewhat exploitative to build housing just for the purpose of renting to your employees. It puts the employees in a situation where they will be afraid to quit or take on a different job perhaps with better pay because doing so will mean becoming homeless. And god forbid you end up in a disagreement with your boss...
@@islandwills2778 oh 100% it's not even just that. A lot of these things especially with small businesses do not have defined terms and agreements meaning it can very easily get nasty
That lady can cover her mortgage in a week with the rent she charge to out of towners, while her workers can't afford rent. She's part of the problem. -____-
And I'm 100% sure that when she says "when I need it", she really just means throughout peak season. She clearly knows exactly what she's doing, but cares so much more about not looking bad than actually behaving in a way that even vaguely resembles common decency
I don't feel the slightest sympathy for those second or third home owners. If you own more than one house, and you leave it sitting empty for months at a time, then you should pay higher taxes.
or it’s just an investment, just because you don’t do it doesn’t mean other people shouldn’t. It helps the economy grow and as someone who’s studying business it’s not a bad practice.
@@futurebillionairbitch6289 May help GDP growth, but you can clearly see that the majority of society doesn't benefit from rent seeking practices. I completely agree that second and third homes should be taxed higher.
I spent April 2020-September 2020 in the Butte and Gunnison. It’s a magical area for sure. The last time I was there was 2007. The trails and mountains made me feel like I never left, but I noticed many homeless in and around Gunnison. Having been homeless by choice and no other option, my heart went out to those folks. I get that progress happens. As a home remodeler, I worked on so many flips in Pittsburgh’s North Side etc and basically helped gentrification along, but like a drug dealer, I have to eat and someone else will do it if I don’t. I wanted to make a life for myself in Colorado and spend my remaining years there. Unfortunately, a $25 hour job would afford me nothing in the Butte, or an extended stay in Gunny so I headed back east to WV. I found a beautiful little cabin in the mountains where my dogs and I could live for around $1k per month on average with everything. I have mountain biking, fly fishing and skiing nearby. I could’ve found something in Colorado, but I guarantee it would’ve been a struggle. Pretty soon, every area is going to be “gentrified”. Next time you see homeless, please don’t pass judgment. You may find yourself in that situation.
Oh. They only charge 1500 a month. Wow, that’s savage. We are literally going back to company towns. Even if they are paying 15/he and you work 40 hrs a week, that’s 60% of your gross pay. That’s evil
Yea what's sad is , when people have less money to spend , businesses make less money as well , and businesses go bankrupt because of it, it's simple economics, pretty sure Sears and Kmart went bankrupt because people don't have any money to spend cause of the housing shortage , it's like do people actually think nowadays of the consequences? You don't gotta be a expert to know this stuff
Heh. That's $1500 as a roommate. Average cost for a house, for rent, is anywhere from $3500-9000. Unless you have friends or know a good deal, you gotta pool with other people to live here. Local, lived here my whole life.
That's because companies like Blackrock are buying it all up. Plus there are so many regulations that make building new affordable housing next to illegal. Look at how tiny homes are regulated to death all over the country.
In norway you are taxed alot for your second, third and so on, homes in most popular "holiday" counties/towns. Many of those counties also have a law where you HAVE to live in a home you buy within one year. We do have alot of cabins that are regulated as holiday homes, but they are built in places where people don't usually want to live regularly. Like on mountais, far away from city centres, so it doesn't create this problem. Those cabins are only allowed to be lived in for maximum 6 months of the year, so that your house doesn't become completely vacant. Many people wanted to move to their cabins after covid hit, and use their homes nearer cities occasionally, but were not able to without selling their city-home or renting it out long term. Americans might think that this is "taking away our freedom" or something, but it ensures that there are homes for everyone. It's a great system.
America has similar policies. It’s not quite as laissez faire as it seems. The problem is mobility and influx of wealth from across the country into tiny economies which aren’t prepared. Imagine Norway had a population 350 million people in an area the size of continental Europe, where people could just buy or sell property freely without having to cross borders. Regulations alone aren’t going to fix how crazy busy the economy gets.
These are the comments that Americans need to read, because regardless of the inability for regulations to solve problems, it still acts as a barrier to keep the behavior from being even more rampant. Unfortunately, it is the money in politics here that make it easier for the wealthy to get past any legislation that does get put in place. That is why markets have to occasionally crash, just to hit something of a reset on asset values.
Viva Europa! America has so much to learn from the continent in this 21st century world. Foremost that if one isn’t willing to be “social” then they are choosing to be anti-social… And yes, that applies both economically and psychologically. Never Ever GOP Again!
I am turning 36...I visited Crested Butte 7 times through my teenage years with my family for ski vacations. It was....such a big part of my life then, just as it's had an impact on my life now. It was such a beautiful, amazing, just breath taking place that I am so glad I visited when I did. From The views from the ski resort down to the small town, to the breakfasts we would have around the fireplace at "The Avalanche"...shopping at night on the towns main street, stopping for hot chocolate on the mountain before skiing down. I mean it was in my opinion the most precious gem that Colorado had to offer. Now being older I myself have two kids, and have been wanting to take a trip with my wife and kids there now that they are 16 & 14 and old enough to appreciate what the town is....and watching this it just breaks my heart. I remember my first trip there, on a sleeper bus from Kansas, we stayed at a hotel at the top of the resort where you could walk out your hotel....and literally ski down the streets to the lifts. After our first day learning to ski from an amazing ski instructor, all I remember was how that was what I wanted....I wanted to grow up, move to crested butte, and become a ski instructor, and live out my life in that beautiful town. I really hope i can bring my family to the place I've remembered and held onto for all these years before it changes into a place I wouldn't remember. What an amazing place.... " ol' crusty butt" as we called it lol...such a place I'd hoped would always be there ,same as I'd left it.
My heart breaks for the poor, poor people having to pay taxes on their multiple homes whilst other people are priced out of renting somewhere to stay 💔
The only issue is that there’s a good chance that it won’t be the homeless people buying the houses, it’ll be a soulless rental company, which can afford to buy up everything, take the extra costs early on, and then rent out the homes for even more, exacerbating the situation. I’m not saying I sympathize with the multi-homeowners, because they are definitely part of the issue, only that there’s more to think about
@@funkycacahuete2933 the friggin US Constitution was modelled on the values of the French Revolution. These folks literally want to "let them eat cake"
God is testing us to see if we will help each other and not be greedy. It’s like some people enjoy having more that others. 👀 When I become rich my goal is to help people.
That lady's acting like $1500 a month is some act of great charity. In 2011 I rented a house in CB for $495 a month. And if she didn't absolutely need the slave labor she would never, ever, ever, ever even do that.
@@videosuperhighway7655 she is we have way to many bad selfish social paths in the us and not good ones like me ! who are on the streets caring about people a real social path has empathy for human rights !!!
The second home owners are 100% the problem, especially when they are vacuuming up land to build $1K nightly rentals. That land could have housed a couple small starter homes or multi-unit housing. People with second homes are erasing the physical space in the world where the middle class used to begin their lives. And being an "affordable" landlord isn't philanthropic. Philanthropic would be taking steps to help young people build their own capital, establish their own roots. Building a home to rent is building that capital for yourself, so that those people can still earn you money in your business.
@@JohannesWOW Honestly, its a suburbia problem. Car ownership is a huge cash suck on many people's budgets, between gas, insurance, maintenance, interest, and depreciation (often an overlooked factor), but the way that we build our communities requires them to live. ruclips.net/video/TtJXl6pk0Z4/видео.html Land may be available, but quality land that leads to sustainable growth and development is not. Often times zoning and "best engineering practices" precludes the building of a quality downtown if it's not already in place, or expanding it in a sensible way. Instead of letting several homeowners pop out a reasonable apartment over a garage and earn rent that way, the folks with enough money to buy a second home are "earning" what the mortgage costs because they had the capital to beat the rush. Apartment buildings don't have to be 20 story tall monstrosities or even a 4 over 1, they can be legally finished basements, converted garages, apartments on top of retail or other businesses. My main shout out to Strong Towns if you like articles: www.strongtowns.org/qa-webinar If RUclips is more your jam, check out Not Just Bikes and his Strong Towns Series: ruclips.net/p/PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa
I would argue the problem is people with 2 restaurants and some rental properties complaining they cant find people to work at minimum wage. Pay more for employees and they'll come, yeah it may cost you your 5th house, but so be it.
@@KippartRS people with 2 moderate businesses and a few rentals do NOT have 5 houses…. Your perspective is off my friend. People with 5 houses are billionaires. With jets. Who break HIPAA and commit insider trading for a living. And whatnot.
@@KM-bn7dg she openly said she had multiple rental properties. So her home, business and at least two rental properties. Would it really be a hardship on her to not buy a third and raise all of her employees wages so that a 40nhour week equals the monthly average cost of housing. These are things people fought for in the 1800s man, politicians right and left dismantled the systems that stopped horse crap like what is happening today.
@@yayoudo1 it’s competitive nature has spurred development. A reward for personal effort has inspired innovation. Much of the world’s technological advancement has come from capitalist countries (or countries which use capitalism in one form or another).
"If they won't let me use my investment property for short term rentals I'd have to sell it" Yes ma'am, that's the general idea. Preventing people like you from hoarding property to earn profit while your workers are homeless.
If she sells it, some other ACTUALLY RICH person will buy it... that doesn't solve anything. How about, You know, the local Gov't Builds Properties that has subsidized rent for locals only to use?
@@whisperingsage89 Not much they can do if the Gov't Wills it to be so, as well as the fact that their model is based on short term rentals or visiting person, locals wouldn't be interested in those anyway
@@randomyoutuber8227 Are you serious? You want the city of Crested Butte Colorado to build housing projects so the "underlings" can live in basically Cabrini Green in the country. Will there be a curfew for them and will they wear special markings on their clothes too? This is what is happening to the USA. Over the last 40 years there has been a stratification of socio-economic classes and the concentration of wealth at the top has not been this dense since the 1920's. There are ways to fix this problem, Govt. housing is not the answer, 70 years of history will tell you that.
What you are not seeing is that the cost of the home is so high she has to or no one gets a home. In case you did not noticed, she not only does that for one home but is building homes for her workers that are homeless.
I lived in my car with my 3 kids from 2014-2018. It was devastating at first but it was also freeing because now I know what I'm capable of and I saw all the cracks in the facade up close and personal. This problem has been here for a long time, and impacts the lowest income 1st. No one cared when something could have been done easier (most people were unaware or unbothered because it didn't effect them). It was a national rent crisis back then, and here we are now. It's not an accident, imo. All the "non-profit" organizations that "help the homeless" are designed to stay in business and get tax breaks all day. They aren't working too hard to fix anything. Now apply that all the way up the income chain. We have to find a way as the people, imo. Relying on the system that chucked us here isn't doing much but making us all feel more helpless and them more in power. If we all stopped working and making the higher echelon money hand over fist they might listen. But it would have to be everyone and that's the hard part. We will find a way somehow, but it might get worse before it gets better, stay strong. Loving thy neighbor is more important than ever now. Cheers to a new system thar works for us. 💗✨
"These people that are going to pay the second house tax are your neighbors." Yes, and so is the guy sleeping in his car. Is it eat the rich or devour the poor because it really seems more like the former 99.9% of the time.
What’s also funny about the French Revolution is the elites kept ruining the working class’ life. So much so they wouldn’t take it anymore! I bet that rich guy thinks his metaphor does not apply to his behavior..
Locals who work in the area are sleeping in their cars to serve "second home" owners who come to get away from their hectic lives. I can't think of much that's more feudalistic than that. 5:40 In a nutshell "don't scare rich people away though they are a big part of why we have these problems", is the biggest circle jerk I see.
Can't wait for the housing market to inevitably collapse again so peasants like me could possibly maybe we'll see be able to afford a basic, simple house
It's not the same kind of bubble as 2008. Housing market is just pacing with inflation so when we see that under control we'll see a decline in pricing as demand wanes. Building has to pick up as well and with prices of lumber falling, it may see an uptick and some stabilization in prices overall as the supply increases. Of course there will be times the price drops but overall don't bank on it ever hitting below that inflationary line. Good luck to you
I think after a while, once things get back to "normal" and the market realizes no-one is going to fill those apartments, you'll see those prices drop.
@@worldchangingvideos6253 this is what happened in California starting 40 years ago. When Governor and reps scream for big tech or large corporations move to Texas. Then the heart and soul the long time people are always forced out. This how California got so many homeless.
"If they put a short term rental rule on my house, I will sell it." That's literally the entire point - decrease the amount of short-term rentals and sell them to locals.
At 5700 a month, (Guessing it's in the $1.2 million or more range) none of her employees can afford that house, so it'll end up being gobbled up by someone not living there as a second home, so, problem isn't fixed. Still.
@@lttbigbob but it will reduce how many people buy second homes....open up more supply...reduce prices overall. I don't know all the numbers in this specific case as in how much it will reduce prices, but most additional taxes (think alcohol or cigarettes) will reduce demand in general.
Some bartender making $20/hr isn’t buying a million dollar home tho. Probably gets bought by some out of state rich guy who uses it 2 weeks a year and leaves it vacant the other 50 weeks
@@allymkbay especially when her "philanthropy" is renting houses to her workers at *less* profit than she could be making. No one with more than a single brain cell believes she is renting those rooms to her workers at a loss.
@@kid31989 She is certainly not making what she could be which by the sounds of it is vastly more. She is subsidizing employees accoms, but sure, that makes her evil. If she were not doing that, then none of those employees would be there and she would be out of business and no one in the city would get pizza....now that last part is what matters!
When I heard that "My wife and I give to fourteen different charities" guy, I imagined a resident telling him he'd rather be able to afford a home, than to have to rely on his charity. What an egocentric Prat.
The Welsh had the same problem in the 70's and 80's with wealthy English buying up beauty spots and cottages as weekend get a ways, and holiday homes. Angry young locals who were priced out solved the problem. They set fire to the homes owned by the English.
Mate I'm from the Highlands in Scotland, and its happening there too - rich folk have bought/are buying so many holiday homes to rent out or use for themselves, so even locals are in council housing. Honestly mad
exactly wages have not doubled or x3 x4 like property has. does not make sense as many things these days.these little towns have no way of building hospitals buses etc overnite
That's exactly what I said and made the exact same comment just now! Plus, this was just a housing discussion. Notice there was no mention of health insurance for workers, life insurance, chid care, education... It's an unsustainable town. And what do they do in the winter?
When I was 12 I spent an incredible summer living with my mom and stepfather in Crested Butte. We were actually 4 miles outside of town in an incredibly beautiful unspoiled, unpopulated gorgeous valley called Washington Gulch. We paid $200 a month to live with n an old log cabin without electricity, running water,or bathroom other than an outhouse. My mom cooked on a huge old wood stove which was also our heat source at night, and we got water from a crystal clear creek .
City workers in NYC, LA, SF have been screaming about this for DECADES, and teachers...all over the US...have been begging and pleading for affordable teacher housing. This isn't new or unique. It's systemic in the US. Vail has had this problem for decades, Telluride has had this problem for decades, and it's because wages are not aligned with inflation and housing costs. The blond woman in the hipster hat (who owns the pizza place) in this video rents out one of her homes in Crested Butte to my friends at $10K/month (or at least that's what the rate was in Aug 2022). My friends live out-of-state, and rent it for months at a time. It pays the mortgage PLUS utilities, PLUS maintenance, PLUS insurance, and cleaning. It's not cheap to own a home, it's more affordable in most instances to rent than buy. The "cost" of owning a home is far, far more than a mortgage payment. I hope them renting her home helps house her employees the rest of the year.
That woman who was like “I’m philanthropic even though I have houses with short term rentals that are pushing up the long term rental price…” ugh, just sell it. You are part of the problem
Not how this works. 1. The houses are normally to nice for them to ever afford in the first place 2. We have a housing shortage meaning we need more new houses and especially apartments for low income workers 3.Get rid of short term rentals and rich people out of state will buy it.
They already said wealthy ppl from out of town are scooping up properties. How does that help? The risk is the home could either stay empty mostly yr round (the other problem they mentioned), or the cycle continues when that wealthy owner beings renting it out themselves. But instead of it being a local from the town who cares about their community, it's a stranger possibly with no invested interest in what the locals need or their culture. The problem to me doesn't seem to be short term rentals, bc that brings in cash flow to the community, but rather how much home/building owners are raising their prices. Prob partly to take advantage of the higher potential money out of towners are willing to pay. So that becomes the new standard, what they "could make" from those outside. Those inside are then forced to figure it out. I wonder if taking the mode income of citizens in that community, then figuring out a percentage amount landlords can't exceed for that given fiscal yr. If you do you have to apply, and pay an increased tax. With the proceeds of that tax going directly to the community housing needs.
_"If they put a ban on short-term rentals, I will have to sell a house which I bought at a super-inflated price, hoping to cash in with short-term rentals."_ No offense, but I think the guy having to sleep in his truck, he could live with that.
I agree, the only thing is the people who would buy them would likely be second homers or remote workers so either way the housing stock isn’t going back to being affordable for workers. So if that’s what they are trying to do, a ban on short term won’t achieve that. Perhaps they could give a tax break to people who house locally employed people instead? Off the top of my head idea. 🤷🏾♀️
Sleeping in the truck isn’t a problem until winter hits lol. Plus with more people moving in, others being poorer, all that leads to more crime and sleeping in a (nice) truck is a good way to get robbed even if he carry it’s still not very safe long term.
He wont be able to afford it anyway. I definitely don’t have a lot of sympathy for her, but I also don’t see much of a solution for him unless the town decides it needs to specifically subsidize low skill workers because they want to go out and get their beer and pizza. Being minimally employed in an ideal bit of geography isn’t a recipe for success. At best, people shack up together for a few years to enjoy the mountains until they decide they’d like so start accumulating some wealth or have mouths to feed.
This problem is growing everywhere. Housing has become too expensive for the middle class now. I live in a smaller Southern town. Not a tourists town and not growing in population. Even with those terrible statistics, prices of homes have continued to climb. I bought my house 3/2 for 92k 8 years ago, which was the going rate in that neighborhood. The house next to me just sold for 210k; it's identical to mine and a block over another one just sold for 199k... That's the going rate now. If I were home shopping now, instead of 8 years ago, I couldn't afford to buy my home.
@David James Okay, sure it's all in our heads that home prices and rent have skyrocketed since the pandemic started. Yes I'm sure you can still find some ghetto crack house for $30k but I'm talking about your standard 3/2 in a decent school district.
“If we get a daily rental tax we I’m going to have to sell my second home” that’s the solution!, get more houses into the market so that your employees are not homeless
Problem is, they won't be able to afford them. The real estate agent said home prices were sky rocketing. They just be bought up by more of the people moving into the town who work remotely and have large salaries, not by the lower wage workers working the shops that keep the town functioning.
More houses in the market doesn't help. As stated by @Ghostlight Plays The only viable solution is unfortunately to tax the second home owners and build apartments/affordable housing as any spare houses will be out of the price range of most locals and bought up by those whom have more capital probably from out of state 2nd home owners who don't mind the tax or remote workers looking to move else where. I DO think the business owner renting to employees means well, even though we all know that isn't a good solution.
@@stimepyc3523 I don't believe she means well. I believe she's looking to fight off a labor shortage thats occurring due to the unintended consequences of her real estate business.
@@chrishale5213 I think short term, yes she does mean well. BUT I agree with your view point. A longer look and yes her end goal does not align with the current labor shortage.
Right, that first couple were undoubtedly gentrifiers in New York... but, now want to act shocked that locals consider them to be part of the problem in Crested Butte. 😒
Has someone who has lived in the Colorado mountains my entire adult life. I was already yelling at this before it was 2 minutes in. It really hurts for people that love this place and have been here for a long time to be pushed out by wealthy people from other areas and to be talked to like it somehow your fault.
It's been happening in northern Minnesota for 20 years on some of the pristine lakes rich people come up and buy these places build million dollar places property taxes go up in the old people can't afford them they're forced to sell
My question to you guys- was your town faring ok before, or was money always low? Was life quite good, or just getting by? I completely respect the disdain for the ugly urban living crowd, but I'm curious about the economic situation before
@@lazypops3117 we lived in a nice area in ca and had the same thing happen there! Very clean nice area which was the draw from LA and San Jose people. The medium house price is now 750k. The local jobs don't support that price! Only the people from the big city can afford that now. But then your loosing the people that created the town you vacationed at and love. The amount of people and the crime and homelessness forced us to realise this is not where i want to raise my children. When people move from an area that has those things feel its not as out of the norm as people who can see and know that its not normal at all. We moved in aug to an area out if state. It's a sad situation for everyone.
This isn’t just a problem in Crested Butte, it’s a problem at almost every Colorado, Utah, and Montana ski town in the US. Probably all other west coast ski resorts as well but those previous states I have spoken to the locals in multiple towns across those states and they are all facing the same issue. Just to name a few of the worst cases I’ve see, Whitefish MT, Steamboat Springs, and Big Sky, MT are all facing major affordable housing shortages. You could do a whole series on this issue and should.
When I lived in Nashville a couple years ago I remember seeing a story that said there were something like 14000 short term rentals in the Nashville area, not just the city proper. And it's been a complete disaster. Rents add rents win up 26% in about 3 years, there have been a ton of burglaries because local gangs figure out where those empty short term rentals are and they hit the masuna's people Vacate after a weekend. This drives up crime rates in lots of decent neighborhoods and really terrorizes long time neighbors . Plus of course it removes housing stock and and of course it's all about supply and demand demand so it drives up rents for everyone as well as the price of a home to buy. It's just absolutely the worst thing that happened. The only people it is good for are people who are wealthy enough to rent short term rentals, or young people who have 10 friends that don't mind sleeping in a 2 bedroom in some cool hip town Instead of actually paying the price of a hotel. And it's just such a joy to go home for a nice quiet weekend and your neighbor who has an airbnb has rented out and the jackass who rented it has 10 friends. Even if they're not huge part years, it's loud, there's tons of cars, people coming and going at all hours. That's not a neighborhood anymore. There's a recent cities have zoning laws and hotels can't just go up anywhere. But none of that applies to short term rentals and for the life of me I can't figure out why they should be exempted on this.
it's not just 1 single issue. banning str would destroy your housing market, put people out of work, and destroy housing values for those locals that own. it's not as simple as 1 fix. most of the locals your talking about can't afford a home. not everyone that wants to live in cb realisticly can. all the work from homw people are the ones that tiped it over the edge. towns need to build and rent out month to month rooms to people who work in the county.
@Rey Orozco I'm not a realtor. Im just saying you will destroy the housing market for those locals that have lived there for years and own. Banning str will not solve the problem. People who str are not going to rent to seasonal workers that will destroy their house. They will probably just try to sell their house.
That restaurant owner lady acts like she's some kind of saint buying homes to rent to her workers, as if they aren't just giving their wages back to her so she can be a landlord. Lol well played lady.
She’s the type of lady that would say something didn’t go right because her chakras weren’t aligned with the Virgo moon and her crystals felt weird Better go smudge the house with sage and patchouli
Well if they’re renting elsewhere for $2500+ a month, I suppose $1500 a month is better. At the end, something has to budge, including the price of pizza.
You have the wrong perspective. She’s literally taking a hit by renting out to her own employees when she could be making $1,500+ more per month. They’re not “giving back their wages.” They’re renting property at a subsidized cost and staying gainfully employed.
I'm glad they included one lone voice from a worker at the very end, guy living in his truck. The rest of this was real estate guys, NYC transplants with dough, 4th-home owners threatening to cut all his "charitable donations to the community" if they DARE raise his taxes a little bit, a business owner who offers to rent apartments to her pizza workers for $1500 a month because they "work so hard" cranking out 280 pizzas an hour on a fast night, one fool complaining that poor people being forced out of their homes who dare complain about it has an "eat the rich vibe." WTF.
Those people are not nyc transplants. They are transplants from Midwest or west coast that moved to NYC because they thought it was cool then left to that Colorado town. Pure locusts, NYC is filled with them. Listen to their accents. Those hipster types are a scourge here in NY to natives like myself which is why I embrace the rising crime rate lol.
@@AmericanRefugee212 Point taken. But when I lived in LA there were a lot of New Yorkers who had relocated and no one called them locusts -- just "annoying"
@@jimmywebb4429 The New Yorkers inundating the Tampa Bay area over the past year have completely ruined a once idyllic place to live. I was in the northern part of the county, full of farmland and open land. When Covid was in full swing, and NYC and NY state were locked down but Florida was open and functioning, south they came, in droves. They drove up , and continue to drive up astronomically, the housing prices. Traffic seems to have quadrupled in that short time, with a lot of accidents. Sometimes I'd see 3 per day. They brought their aggressive, rude, impatient ways with them to what was once a chill place to live. The area is completely ruined. I sold in April 2021 and left the area because of them. Of course, it was not only New Yorkers, but they are the loudest, with the most distinctive accents (them and the Massholes).
@@TS-rd7oy Sorry to hear that. It is just a no-win situation. Even in metro L.A., the old neighborhoods where generations of families had lived got pushed out by hipsters with all this cash. Unfriendly, expensive restaurants took over family cafes and bakeries, the little bar with the grandma who gave you free posole if you had too much to drink -- gone, replaced by a soul-less place that jams electronic music and sells thimble-sized cups of Belgian ale for $12. All the family businesses are gone now.
Can’t hate people for doing what they love. Living in the mtns is a beautiful thing. Just sad what it’s done to all the folks who are from these places. Even before the pandemic, this influx was happening. I’ve watched it happen in the Yampa Valley since the 90’s. The pandemic and remote work just exponentially increased this influx. I feel it’s still the short term rentals and 2nd home owners that are the biggest issue. If you don’t live here year round, open your place for people who can.
Lol. The “second home” crowd are really unsympathetic. Threatening their “charitable donations” is the best they got? Tax you or “trust” you to “do the right thing” (as you alone see it), is basically what you are saying our choice is. I choose taxing you.
If he's funding charities, he gets to decide what services the community gets. If he's paying taxes, the community gets to decide what services the community gets. Let him pay taxes.
Exactly. I would rather not rely on the generosity of rich people to house the working class. What you get is exactly what he did... blackmail and greed.
Certainly has a "Trickle Down Economics" ring to it. Let all the money float to the top and let them decide what to do with it. Anything else would be SOCIALISM!!!!.
This isn’t just Crested Butte. This is happening all over Colorado. I was one of those people who had to leave because renting prices went up drastically and ended up moving back to live with family during covid. The housing market (renting or buying) is absolutely ridiculous right now.
@@dougerrohmer Except a lot of second home owners would be putting their houses up for sale at the same timem which would drive down the price, that is supply and demand, the demand has already increased and the supply would be catching up.
@@Right-Is-Right Except supply won’t catch up to demand because part of the problem is investors, rabid now to reap huge monthly returns once they jack up the rent. This along with a growing number of foreign investors. And always always, an ocean of hungry leeches called real estate agents that want to list and sell every property for the highest possible price. They’re so busy these days if you’re low budget or not a cash buyer most won’t even return your call.
@@Right-Is-Right that would be the ideal outcome. But No way will majority of second home owners sell at the same time and with a low price. We live in a capitalist system, it's all about making tons of profit.
@@ARTerifik In that case the foreclosures will be at around the same time, a couple of months after the passing of the law. The capitalist system runs on credit not massively rich investors owning everything outright.
9:48 Man I feel so bad for this guy! He seems like a good person despite his situation and he also appears to be in good spirits! I wish I could help people like that! No one deserves to be homeless!
There's a lot of people who are crazy AF. We have to thank Reagan for that--his bright idea not to keep them in decent housing. Oh, and drug addicts and alcoholics are most of the rest of it. AA is still free, but if someone's giving you money and food for nothing...there ya go. Shouldn't get anything if you're not willing to try sobering up. Worse than little kids: need some unpleasant consequences to stop causing trouble for residents. You don't want this living near you. Trust us.
I lived in Crested Butte for years starting in 1990. Young families were getting priced out then, housing was extremely tight. It was obvious where this town was headed and it broke my heart. I lived in my van for a fall and a good part of winter before I finally found a room in a shared apartment. I lived in an attic for a while. If you didn't split wood you froze. Gunnison is the closest large town 30 miles away, that's where most of the staff live. It's a dangerous drive in the winter. If you slide off the road you can easily freeze to death. Sub-zero temperatures are common. It's one of the coldest places in the nation, the winters are long and spring is just mud. It's not actually spring until the middle of July and it's snowing again by October. Don't move there you won't like it. My point is people have second homes there b.c. they don't have the grit to actually live there. The locals that do carve a life out at 9.000 feet, and breathe that life into that town deserve better.
lol, I live in Canon City and know many natives that grew to hate living in the mountains. Its cold and windy 9 months out of the year. And more to your point ,these 2nd homers dont live there in January unless its a ski vacation. The coldest I've ever experienced was -25 in Gunnison one morning....unbelievable
well said!! i live in a communtiy north of San Francisco. it would be better if they just said they're selifish and greedy . I'd respect that more . From, a teacher living in a TINY VERY expensive rental .{ I cant move , Im helping to take care of my mom.} That Im supposed to be grateful for . 1% of this country have more weatlh then the bottum 98% . Thanks to the Tax system I pay more percentage wise than they do. Happy Labor Day LOL!!! { 9 million losing their unemployment}
@@luckysours8397 Same! Too bad the hardest part of getting a tiny home is finding a legal parking place. Go figure...Turning houses into hotels they allow...but there are all sorts of laws making it hard to build an affordable home for your self.
I'm amazed that not single mention of massive income inequality that is actually causing someone to buy their 3rd home for fun at the same time someone else to live in a van, all in the same town. Late stage capitalism at it's finest hour.
When that woman builds homes for the employees to afford, she'll have a captive workforce. They will never be able to get enough money together to leave.
@@oddieboi I’m with you. My reaction is more about how outraged the non locals are about the idea that they would have to pay a different tax rate for their bonus homes! Primary residence is the house your ID and or voter registration matches up to, non primary residence would be any other home you own, whether it’s a rental, vacation home, or whatever.
The big deal is that those greedy bastards don't want to pay a tax. That restaurant owner was truly a horrifying individual. She gives me a real "own the means of production to control the population" kind of vibe... Spooky.
Yup. Many places have income/ property tax loopholes. You buy land and put it up for sale at double the appraised value right before tax time. You're money is tied up "in investments", so the tax people leave them alone. Another one is buy agriculture land because it's cheaper. Then they can show off to all their city friends how much land they have. If they can rezone it, they sell it to a developer who makes it into a subdivision
That's the point, but not exactly. These "homes" aren't really second homes, they're short-term rentals for people who want to run around the world working remotely. Basically, they're turning the entire town's housing market into an airBNB for rich entreprenuers and other high-income people who work remotely. They're vacation spots, but not for the owners. They're vacation spots for the people the owners are charging 1000+ A NIGHT to stay at. It's insanity.
This “zoom boom” has definitely made a difference in the quiet little beach towns near me, off season used to be so nice, now crowded and busy year round.
That dude crying about his second house is literally the living embodiment of the "but how will i afford my second yacht!" meme. I'm glad he brought up eat the rich though because we're really overdue on that front.
@@browncatwithblurredbackgro2461 it seems like you just made that up. It's not jealousy or "hating", it just understanding the housing crisis. There are about 600,000 homeless people in America, and about 17 million empty homes. Nobody is trying to confiscate houses from owners and give them to homeless people, but rather taking smart approaches to make homes more accessible for those who need them rather than those hoarding them. It can be as simple as a tax on vacant or second homes that would discourage wealthy people from accumulating them. Right now the problem is that it just too easy and cheap to dump large amounts of money to buy up property and just keep it empty.
@@browncatwithblurredbackgro2461 I own my home, I worked hard for it (harder than was necessary but that's a different story) and I have to agree that it's time to eat the rich.
@@aviefern so.. in that line of thinking, what do you have to say about the 2 million illegal immigrants that will be settled here this year plus the 1.5 million new green card holders we have had every year for decades? I've heard this trope: well a poor refugee doesn't buy a house first thing.. yes but they all create a demand for housing - every new person in this country even if they live 8 to a 1 bed apartment.
This is what gentrification looks like when it happens in Rural America. Minorities in the inner city and suburbs have been dealing with this for generations. Good Luck 🍀
Their clearly smart and work. I'm sure they will be fine. Crying and blaming others isn't an option.. working,saving,and making good decisions will see them through.
"Why aren't Millennials buying houses??? (one guess) ... Why are Millennials moving out of expensive cities??? (zero guesses) ... Why are Millennials moving to cheaper cities now that they can work remotely??? (oh FFS)" I'm beginning to think the problem is not Millennials
No Millennials are lazy and poor and steal our jobs and remind me every day that I'm going to get older and die. SO, Millennials are the Problem, stop questioning my prejudices.
@@neuemilch8318 the problem always starts and ends at the tip of the spear and in this case that would be the people who raised them. Any guess who that was?
@@MasterBlaster-nz3uv I prefer people who take responsibility for their own mistakes. However, I must say that the past generations are particularly bad at this, and neither millennials nor generation z have had the time or the power to make big ones of their own. So I agree
It's discouraging growing up thinking all you had to do to survive was have a full time job. I have one and I don't come close to being able to rent anything.
Do you know how much she was paying an hour for her employees? What other benefits was she providing for them? The employees have a choice to leave the town to seek work elsewhere. Serfs voted with their feet if they do not like their overlord and leave.
This has been happening in Hawaii for decades. It's sad that alot of the local families that have been here for generations have to move away because of people like that restaurant owner.
Facts. Here on Hawai'i Island it's been like that. The pandemic amplified it and it's out of control. Very few long term rentals anymore, everyone wants to do Airbnb. Then the available houses on the market got swooped up hella fast by cash, sight unseen buyers from around the US. You can feel it on the road, the new drivers lack Aloha and drive like jerks. You can see it in the stores, the new residents don't show any Aloha to other shoppers or to the employees. It's sad.
mahalo!!! finally someone said something about our aina Hawai’i. how you gonna have Hawaii with no Hawaiians? Hawaii with no aloha, Hawaii with no hawaii-born and raised locals. Hawai'i full of people not originally from the land. oh btw red hill is still fueled up and is contaminating our aqua reservoir. and people still want to ‘vacation’ and ‘move’ to Hawai'i. there is LITERALLY a fucking war going on and all people care about is their mental health and how ‘moving to hawaii’ or ‘taking vacations here’ saved them. Look at what’s happening around the world and all you care about is posting how the war makes YOU feel. What can you do in the world to help them instead of posting about how it makes you feel. Stop posting and fucking do something about it; if it doesn’t make you feel good or better when you lay your head at night. Elites HATE when people come together because it’s what makes us STRONGER and smarter. We are supposed to be better than this..
she actually rents to her employees - it's the second home owners that spend a few weeks a year there and rent it out to short time stays the remainder of the year that 1) drive up housing prices and 2) take available housing off the market for year'round or seasonal employees.
Out of staters keep moving to my area in hordes. This has been happening since the days of Obama. I'm SICK and tired of all these city punks changing rural areas into the next metropolitan area. I wish they would go back home instead of creating a housing crisis here by maxing out locals who were born and raised here.
Born and raised in this valley! Over the last 7 yrs I’d say it’s been getting worse and worse! This town wasn’t made for this amount of yuppies! I mean, it’s always been yuppy filled but it’s like unreal now
"I can easily cover the mortgage in a week of short term renting, but if they put in this law I'll have to sell". Yes, that's the point because the supply of homes needs to be for people that need it instead of investment opportunities!
Why do you hate Neoliberalism? Rich people are people too.. They need a place to live.. They need 3 or 4 places. And some yachts. Think of the rich! /s
He probably make sacrifices early in life to afford those properties. In reality this won't allow more locals to buy. Outsiders will buy. This has happened throughout the years. In 200 years this will be a problem again but for the new residents future grandkids
@@cashkitty3472 I have a crazy idea, how about we build housing to keep pace with demand all across the country so that this current generation can hope to experience a piece of the American dream before their parents die. Otherwise you don't have any aspirations to sell to young people and that's not a great condition for peace.
How is it a paradise if there are that many homeless and places that need work and have horrible living prices? Rich people invested in the community. Believe it or not all rich people are bad. Some are super smart crafty caring good money sensed people and leaders. Its easy to point but this lady is generating taxes, getting people out of tents, and feeding people. I dont get why she is getting roasted so much ONLY bc of her money.
@@KamikazeNews Khmer-Rouge inspired Lefties (the "Activist" type journalist and increasingly dominant school of thought within the left) don't want that. For them, money is bad. Economy is bad. Taxes are bad. Leaders are bad. The ideal for them are agricultural, self sufficient, independent communes that should exist without any of the above. They don't want growth - they want the economy, industry and governments to crash and thereby force everyone to live the Hippie dream. Look at this "documentary" - no solutions discussed. Just money bad.
@Daniel Sun. It wasn’t paradise here, but housing was affordable. We simply can’t afford to will live here now. I’m a flight attendant (I commute to the airport, and then on a flight to my base), my husband is a firefighter and EMT. Giving to charities doesn’t mean housing remains affordable. I’ve lived here all my life. I’m an incredibly hard worker.
@@nofinn1044 in the past 3 years of living in philly a place that would of cost 800$ now is around 1,100$. Increasing taxes on top spenders will drive spenders away. They have cheaper options. Look at california and how austin texas is absorbing all these companys. It sucks when you live somewhere your whole life and the place feels like its pushing you away. I have that same feeling. Doesnt seem like a state municipality problem, sounds like the banks around you are scumbags
Owning homes isn't just about your income. It is also about how much you save. Your attitude makes me nauseous. Instead of working hard and working towards your own second home, you decide to punish people for being successful by taxing. Makes me sick!!!
@@Maya23452 a second home is a luxury not something need to be stable. So i don’t have much sympathy for people complaining about paying higher taxes to have their luxury item I hope I’m not coming off disrespecting because it’s not my intention and I do 100% agree that saving is very important towards homeownership. I feel like the importance of saving is something that is sadly not talked about but that’s another issue that needs to be talked about
I grew up in southwest Colorado. I've worked many jobs, sometimes 4 or more at a time just to pay rent. I've seen the cost of living rise and rise and rise. Moving to the city was affordable for 1 year before weed was legalized and the boom started. I've been lucky. Every time increasing my wage by what felt like tooth and nail effort. Only to be just behind what I needed to make for the market to consider me above the poverty line. It's sickening now that I make "enough" after decades of work that it's still not ENOUGH to buy a place to call my own and be free from the outlandish greed that has taken hold of the state I grew up in. I am saddened by what has happened to our society in the name of "progress" as piles of homeless encampments encircle the less traveled areas. Moreso by the dirty jobs in which I had no choice but to be part of clearing them out for a coin. I'm not giving up on my own place, I might make it, but I know many won't. For no reason other than greed. These property "values" are proprietary at best. Playing the game with what I can get. I hope it changes for the better.
BTW, this is hardly a small town problem. I live in an outlying suburb of LA where housing prices have soared since the start of the pandemic. People are flocking here because they realize they don't have to live in urban LA anymore and want some breathing room. These well-meaning people who are only searching for a better life are elbowing out the workers and driving up rents. This is an American problem not just a small town one.
Same here in Ontario, with people moving out of the suburbs of Toronto to small towns and cottage country. Places are going for over $100,000+ the asking price because of bidding wars. Home ownership is becoming a fever dream for young adults
“Adding taxes on second homes, sounds divisive” yeah okay, pal. Know what else is divisive? Owning a second home for you to come visit maybe a couple weeks out of the year while local residents remain homeless.
@@Gabagool93 thats punishment for the successful... I'm no advocate for the rich douche bags mind you, but I'm not into punishing those who have either worked hard to be successful or used their minds to become rich. They earned it, they have a right to spend it as they want ( legally )
@@BrooklynNY1979 why is the idea of not having a vacation home necessarily punishing success? If the second house culture changed to rent a nice place for a couple weeks a year culture, people wouldn't feel 'punished'. I'm not against second homes I'm just saying putting measures in to help more people get to a minimum standard and quality of life, shouldn't be seen as a flat punishment.
@@hypothalapotamus5293 REIT’s are generally commercial investments. but the likes of Black Rock and the remaining Koch Brother are in residential rental business : read corporate slumlord
Well...good thing our laws don't adhere to your emotional immaturity. When property is sold, there isn't a caveat to who gets to buy it. And, what is a corporation? A business that legally isn't tied to your personal wealth. I had a corporation. I had one employee. Should that status make it so I can't buy investment property? No.
I was born and raised in a mountain town close to Crested Butte. Those of us who made what the community is today, can no longer afford to live in our own hometown. We despise people like this lady bragging about trying to help a problem that she created in the first place. It’s fine if you want to move to towns like this, but locals need to come first. Period.
Next they will start paying their workers in cash only allowed in company-owned stores and the Gen Z'ers with ZERO historical knowledge will think it's revolutionary.
The truest words spoken, those who don’t learn from the past are doomed to repeat it. They stopped teaching history in schools because no government will teach you how to replace it. Get Z will turn their whole lives over to corporations and thank them for the privilege. They never knew hard times so they don’t appreciate how well we have/had it.
I haven't heard anything lately on the story out of Nevada where they are allowing corporations to buy up whole towns and run them as corporate municipalities. How do you have a fair court if its run by a possible employer?
The pizza owner that said she'd sell if they put a tax on second homes saying it like a threat.... lady, that's the point. You sell, and someone who is now renting can then buy it. If every second home owner sells, then the housing shortage isn't as bad as it currently is.
She also says she only needs to rent it out for a week to cover the mortgage payment while claiming she’d be forced to sell if the taxes on it were raised which doesn’t add up
@shadowsandlight The issue in the town is that the median home price is near or over a million dollars. If she’s forced to sell, it won’t be to locals but rather someone even wealthier that won’t feel the tax.
those renters cant afford it either. and the renters are only there seasonally. because that town is only thriving certain parts of the year. and then everyone goes somewhere else.
@@AntonioRivera28 Of course the renters can't afford $800/night peak season. But if she had to sell it would cash flow less, thus lowering the price which directly addresses the problem. Nothing wrong with her building an empire in this town, I used to envy them, but the inequity here is pretty tragic. As I quickly learned, CB is amazing most of the year, but being homeless all winter then camping out for "mud season" will drive most away.
The restaurant owner tries to portray herself as a saint for building a work camp for her employees. The fact is without it she would face a serious labor shortage and would not be able to staff her businesses.
Philanthropy is always a cloak for their own preservation. The only billionaire I respect is Chuck Feeney. He has given away nearly 8 billion dollars, and only kept 2 million for his wife (He's given away 375,000% of his net worth). Isn't abusing the charity loophole. Plus he did this all anonymously.
Exactly, she's doing it because otherwise her business couldn't function and she would lose thousands. I bet she holds it over their heads too. Fake "cool" bosses like this are awful, in some ways worse than ones who are just assholes.
The clip with those second homeowners making their case was weak AF. I like how the pizza parlor owner is against the second home tax because she would have to sell her second home that helps make her the entire mortgage payment within a week each month and the rest for her is gravy. Great argument! “Don’t tax my golden goose, I’m not part of the problem, and listen to all the smart CEO’s and people who want to help!”
Living in the valley for 31 years, I’ve seen the decline happen. The town doesn’t want the workforce living in the same town. CB had multiple chances to annex land that would’ve created more housing, but said no. New Crested Butte is full of clueless city folk, that won’t last but a few years.
And THIS is why "growth" in a small town is rarely a good thing- costs for everything skyrocket, a small older house that used to go for $60,000 then becomes insanely unaffordable at $500,000 or a million, city water/sewer/gas etc built to serve say 1,000 residents suddenly all has to be upgraded to accomodate another 1,000 and that costs MILLIONS. In my town of 1,700 there's no jobs, yet the town wants families to move here and built a new pool to replace the old one to "attract" families LOL! nobody is going to move here without a JOB for the two working people in the family. Some busybody idiot from the state economics board or whatever it was came in and told the water dept they needed to charge more for water to cover costs, so our water bills increased. Then he suggested owners of stores around the city park that have a vacant upper floor should consider renting them out for apartments LOL!! There's a number of houses for sale here cheap, there's no shortage, it's just that people want a 3,000 sq ft modern house, not a 900 or 1,000 sq ft house built in 1920. Like again, NO JOBS, nobody wants to rent an apartment here and drive 40 miles to work each way, and then as a store/business owner would you REALLY want to risk your mom/pop business and income renting to an unstairs tenant who might fall asleep with a cigarette or turn on a space heater too close to the sofa and start a fire, or overflow the bathtub and either way destroy your business and building? I know I would not take that risk, I'll use the upper floor for storage or something else I bought my 2 bedroom 1930 farmhouse on 1/2 acre of land in 1998 for $7,900, when I got a job here working in a trade, and moved from the West coast, so there's cheap housing, cheap living all over the MidWest, you just have to do your research. I'm 23 years with the same employer, I could live nicely here on as little as $600 a month if I had to.
Then a fresh crop of city idiots will be there. I used to live near Conifer. Every spring, we'd get a crop of city morons who loved the wildflowers and wildlife. Then they'd go thru a winter. For sale signs would crop up each spring. Nevada
Hey 😊 as someone in my 20s who most likely will never own a home (unless I inherit my parents) it just feels good to be seen. Everyone just blames us and said we should have made better choices. I didn’t choose this market. So thank you ❤️
Environmentally this kind of thing strains natural resources of these small towns, and ruins the very thing that made them beautiful. Our coasts have been ruined the same way - Cape Cod, Woods Hole, Key West, all those areas lost character. People push into mountain areas and then want bears and cougars killed; want their strip malls.
Dont feel guilty for living your life change happens it's that most people 55-60 plus struggle to deal with change and they are wealthiest generation in history and very very entitled IN SHORT CHANGE HAPPENS GET USED TO IT PEOPLE
That restaurant owner's employees are sleeping in their cars and tents and she's out there argueing against increased taxes for people who own multiple houses.
Its rediculous huh? Welcome to capitalism where it only works great for the 1%ers and fucks everyone else over
yeah she looks like a real titan lol
She literally claims employer owned employee housing (that the employees are charge for by their employer) is the solution. This is the kind of stuff that causes violent revolutions that result in the wealthy landlord class being lined up and "put to the wall".
@@RazorSkinned86 lmaooo imagine advocating for modern day company towns thinking you’ve cracked the code. Putting a wager on her next big brain idea being the payment of employee wages in scrip.
Makes me wonder what she pays her employees.
When people earning between $75k and $100k plus per year can't afford housing there's a real problem because that leaves everyone below that line struggling to meet their basic, human needs.
You are basically describing the situation in most of the country right now. 75K cannot support an average family of four to live in a house anymore.
@@yokohamaborn it's incredibly frustrating to live in a society where working hard and earning that much still leaves you struggling to have a modest existence. Being house poor used to be a choice, now it's a given.
yup, i started making over 100k about 5 years ago. Lost that job recently, I make much less now. But even when i was "rich" I couldn't afford a house. Can you imagine? I thought when I "made it" I'd be able to live like my parents in a house. I couldn't then and I definitely can't now.
@@CBs-Home-Vids Save up and move to the Caribbean, You'll be living like a king with anything over $40,000 a year
Like me i am barely surviving my medicine costs 500 dollars a month. Im crashing on peoples couches. I wont be able to do it much longer.
That restaurant owner is a really good example of the Upton Sinclair quote, “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
What an amazing quote !
280 pizzas an hour. Damn you'd think you'd be able to pay someone enough to get your operations back to normal especially with a traditional take out food. So greedy.
@@hook1786 You can just see how excited and happy she is to show off her booming business to the cameras. All she cares about.
The difficulty only comes from the unwillingness or unprofitability from others in informing another who's ignorance they rely on. That horrible small minded quote doesn't include a person's ability to educate themselves which doesn't even sound within the realm of possibility from Sinclair's point of view. Spouting horseshit like that only solidifies classism and condescending pity for the poor when they would be capable of anything should the giant thumb be lifted off of their heads.
@@Swiftrevoir The quote is not about the poor at all. It's about exploiters' (and their ideologues') amazing ability to rationalize an unjust system when they personally profit from it. Specifically, it was about the newspaper editors who disparaged his socialist campaign for governor of California in 1934. Here's the context:
« Impossible for any editor of a commercial newspaper to understand the difference between a profit system in a state of collapse, driving the State and everybody in it to bankruptcy, and a system of production for use in process of growth, providing security and plenty for all. I used to say to our audiences: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" »
The idea that you have to rent from your boss is absolutely dangerous. Company towns ruin lives
I was thinking that's really not many steps away from workhouses and very open to exploitation of labour! It is framed as her doing charity work (she even says not all her rentals can be philanthropic), but when her workers are vulnerable due to housing shortages, this is a way to chain them to her business. Subsidized company housing is only a boon if the workers have others viable options available that they can afford. Then again, in USA they also frame having to crowdsource money for medical debt as a positive thing. It's really not a feel good story to see people struggle to get healthcare!
Yep... Telluride has lots of employee housing. Huge risk if you lose your job!
Next they’ll starts paying the workers in scrip
Isn’t that called indentured servitude?
Guarantee almost 100% that shes a slum lord and treats her work/tenants like absolute garbage. Probably holds it over their heads that "she could be charging more!!!" all the time.
Real tired of these "second home" owners being terrified of paying slightly more in tax when it's their activity in the area that's causing problems in the first place. "Second home" owners are neighbors too. They just don't think they should face the consequences of their gentrification. Sickening.
Especially since the people who can afford the second home, can also afford the tax...
Gentrification is the core issue. But they don't even know what the word means.
A tax that they could EASILY afford. In NJ these NYC beach house creeps have taken the public beach access and parking away. They did nothing for the Jersey Shore when the hurricanes hit and easily rebuilt. The rich take and they keep and they take more.
Privileged and Out of Touch and greedy.
Removing tax breaks on rental properties would absolutely remedy the current housing crisis. It will never happen though because representatives from both parties own a lot of property.
you can always count on rich people to praise themselves for solving a problem that they created.
Edit: I’m not assigning blame to anyone. For those of you special people triggered in the comments who gotta tell me how “blaming rich people for your circumstances is choosing to stay poor.” Everyone knows that 💀
Sounds more like the government to me.
@@highbrass3749 same thing, mostly.
@@BiscuitGeoff I don’t agree. I think most highly successful entrepreneurs develop a product or service that people willingly and gladly buy. For example the smart phone you typed this reply on. No one forced you to buy it, you bought it voluntarily. Government on the other hand forces you to do things at gun point or with threats of violence, incarceration, or loss of livelihood. Many times it’s a solution to a problem they created. For example the covid vaccine. A vaccine forced on workers for a virus manufactured in a government funded laboratory.
@@highbrass3749 well, you’ve gone from ‘rich people’ to ‘entrepreneurs’ pretty quickly.
Most rich people were born wealthy and leveraged that advantage to get richer.
A few also use that advantage to gain political power. Look at the number of millionaires running your country.
Business can innovate but it can also monopolise, cost cut and use other shenanigans to make money while reducing quality.
@@BiscuitGeoff with regards to money in politics I do think that’s a problem. The problem is even when “poor” people run for political office they quickly become corrupt. It’s a problem we need to fix for sure. I definitely think the US needs term limits for Congress and Senate.
The locals who have lived in the town with the same jobs who can no longer afford their homes are almost NEVER the problem. You don't blame gentrification on the victims.
Yup... I.... HATE GENERATION FAIL. Destroyers of communities. Bringer of price increases... The failure of society as a hole as sheeple buys what influencers preach. That is why this community and many others (Arizona anyone?) are going straight to hell.
It wouldnt be an issue if the people didnt vote for logging and housing regulations that democrats pushed for... And the people fell for it without understanding the consequences that the other side was telling us about.
@@juaecheverria0 Housing regulation is NOT a democratic thing. That's a common misconception. NIMBY-ism is not limited to any political group. It's home/property owners vs those that don't own real estate. In liberal-as-they-come Bay Area California and Los Angeles long time residents constantly vote AGAINST deregulating zoning laws to accommodate more housing. Everyone agrees there's a problem, but nobody wants to accommodate a solution if it might, even slightly, inconvenience them.
@@Fish_Stick_Party no, I'm specifically talking about the Democrat party leaders that pushed for such legislation. And maybe youre right that these zoning laws are being protected by some lobbiests. But that does not disregard the fact that plenty of democrat leaders are the ones pushing to vote for such legislation within the house and senate respectively.
@@juaecheverria0 Yep! Another really important issue that would help the housing shortage is Single-family Zoning
70%~ of all residental zoning in the USA is Single family ONLY - meaning that you cant build duplex, triplex etc, only a big house for 1 family
If we got rid of that single family zoning, investors could build 2 - 4x as much housing, which would hopefully lower all prices.
I agree - a lot of these issues are from overregulation and democrats being stupid and using emotions to get votes from idiots
For all of the people that live in their cars because they cannot afford rent, mush less their own 1st home, I feel zero sympathy for people that own 2 or 3 or more homes. It must be tough being so wealthy. Something must change.
Right? It’s disgusting that some people get to live like kings while others starve and scrape by. No one should be struggling to obtain basic necessities in the richest country in the world. We need to make housing affordable, need free healthcare and free college, at the very least. I work full-time but I don’t make enough to save for the future. 3/4 of my income goes to rent and the rest goes to groceries, gas, car insurance, health insurance, medications, etc
@@user-ic1ii7ky8p I understand, as I am one of those people - pushed out of the city where I run a small business. And rent in my new place is still high enough that I'm struggling to pay it, struggling to afford gas to get to and from. I had money saved for a down payment on a small house and then Covid hit and that was used to simply survive. So as much as I AM one of those people, I do understand bigger-picture economics. None of those things are free. The more the government gets involved in provisioning those things, the more unsustainable they become. Like the student loan situation. If the government is backing student loans, then colleges charge what they want - because they are completely unhitched from normal supply and demand rules. That's exactly what happened. The price of servicing those plentiful, easily-obtainable loans went up, so that got outsourced - and those 'low interest' loans are not low interest. And they can't be discharged in bankruptcy.
Now those loans that qualify for 'forgiveness'? Well, that 'forgiveness' will be counted as TAXABLE income. Suddenly those people will be taxed on those tens of thousands of dollars. And they still won't be able to get away from it.
Same goes with government subsidized health insurance & health care. There is no market incentive to keep prices low. Normally the market (which is the people who buy the product) dictate the price. It's important to understand the ways which the customers are removed from their role in setting those prices (demand). Government subsidies is the preferred way, because it's popular - that's how votes are bought.
The other effect of this is inflation (which, despite what Keynesian economists say) is a tax on the poor.
The best way to make housing affordable is to remove government from the equation. Stop voting for them to provide services and 'regulate' the market.
Not free college. Too many taxes then. Business training is what you need.
exactly how long will homeless ppl not have a job because of these corrupt manipulative rich ccksuckers that slowly through manipulative schemey structural implementations for preservation and sustainment of there evil manipulation corruption based power through an illusion / unsustainable amount of injust unearned stolen excess of which helps them get more power and authoritise the system even more by making the system more reliant or more based around whatever theyre corrupt regressive humanity haulting undeserving in turms of personal use whatever that might be and so they make most profitable things structured around already structured monopolisations of corruption and manipulation around bullsh*t propagation caring giving your life to destructive worthless harmful to yourself bullsh*t for immediate thoughtless sensless excess of which allows incompetances and only incompetances to have money because smart ppl dont waste their lives going after money they dont prioratise money over the true and real potential and purpose that they have creating directories that all of these schemey ppl leech off of and have manipulated corrupted poised through the use of power in a world in which blind subserviance to power is immenant and were able to irresponsibly degenerate use abuse things with great amazing potential for thoughtless bullsh*t nothing bullsh*t literally and that only incompetances could even consider wasteing their life for meaningless nothing pathetic bullsh*t useless reward of and through wasteful bullsh*t leeching off of it wasteing its potential technicalities in it degenerating it and bringing yourself to propagating it as if it is good technological advancment and instead of contributing or adding to advancment of it but only focusing on what in short turm quick cash grab degeneracy continuation of the same old meaningless bullsh*t out of your incomeptance and fear you have to try degenerating corrupt exploitative manipulative get rich quick cash grab schemes through exploits and loopholes of it that will be closed and shouldn't be apart of reality right now and corrupting this system even more by making it your whole lifes purpose for preservation of your corrupt money and power to keep those loopholes open and get further and further from intended free use of it and contributing to the continuation of the authgoritisation of this system through more and more reliance on previous structures we used being put into further and further garbage scams of which enable and make only incompetances able to get rich because they are the only ones stupid and unconscious enough to submit to be subserviant to whatever bullsh*t thoughtless garbage and dont have consciousness or taste to see it and propagating the continuation of thouhgtless sensless destruction through systematic institutional manipulated means for meaningless pathetic metrics that anyone with a base level of indevidual competance can see is not worth putting any more time into than dismantling to get past to make more progress than your blocked from by this preservation based authoritarianised system and or beause it is completely stupid and meaningless regressive destructive etc but is also reason they have the power to impose these bullsh*t things because they focus on power hierarchies social manipulation and very primative pathetic bullsh*t of which shouldn't be apart of any kind of aquasion for reality in all of the potential of our modern day advancments of which we've been condtioned to be dehumanised desensitised to humanity suffering and encouraged apart of our world everyday life to use abuse irresponsibly destructively degenerate something great along with ourselves
This country was founded on dispossession. It’s a cornerstone.
"generous CEOs" building homes for your employees who can't afford to live, sounds like medieval serfs and lords
Lol yeah sounds like indentured servitude. She prices the rent high enough that they’ll pretty much need to work full time and it keeps them poor. And she can also boot them out if they leave the job
And she touts herself as philanthropic. So she realizes she can’t make any money without employees but also sees them as charity cases. She could pay them a living wage for the region but that isn’t even on her radar. That’s the crisis, not the extra $600 they make on unemployment.
Pretty soon she’ll be paying employees with coupons that are valid only at company stores.Damn this is feudalism in USA !
That’s a easy narrative to paint in your head. But she’s not a CEO, it’s a restaurant. Small business owner that can’t do a whole lot, is doing what she can to help. Is the more correct narrative here.
@@julieh.9826 They make what they expect to make working at a restaurant in a mountain town. Young adults come to places like that. (like I did) For the experience, being able to ski/snowboard and have that life. You can’t expect to make a lot of money cooking pizza, nor should you.
"Nobody owns Crested Butte" says the woman with two businesses, short term rentals and company housing.
company housing sounds like slavery
yeah, indigenous peoples of Colorado would like a word. That would be Ute land in "Crested Butte"
Prof Richard Wolff Monthly Economic Update
That's the mantra of the rich. What's yours is ours and what's mine is mine.
@@rozlyncalderon6016 !!! i was thinking what native community has this been taken from when she said that mess
'There are so many generous, smart, creative, educated......CEOs'
That sentence did not end how I thought it would.
Ugghh no individual should have the sole power to decide if people are homeless without being held accountable by a system of elections and votersss
You aren't qualified to manage society just for being a good person! Unfettered power corrupts the best people! You gotta have (just) systems!! Uhhghhghhhhggh
I’m a democrat, but there isn’t anything I loathe more than elitist liberals.
@@iadesigns That's funny, because I"m a democrat and I love elitist liberals!
Have you ever seen a worker provide hundreds of jobs? She’s right.
@@kaylaworley6109 Yes, unironically. Why do you think monarchy has become an obsolete system? If it's entirely up to your discretion how to govern, who can stop you from becoming a tyrant?
Many people, young and old, weren't taught about how hard the working class had to fight to gain rights. "Sold my Soul to the Company Store" anyone? Coal miners had to fight and die to separate ourselves from the employers owning the housing and the stores. People would have to use family members as collateral if they could not afford food from the company store. This is some incredibly important stuff to learn about because they paved the way for workers rights.
We can't let ignorance let us slide backwards again. Coal miners in the early 1900s often weren't even paid with money, but with 'scrips' printed by the company, so only that company could redeem it. They had to purchase food, clothing and tools from the their store. The company provided housing at cost, which seems fine on the surface but when you're getting paid pennies (or a useless currency in this case) your options shrink more and more for a better life. It was a big trap for workers.
Too late, the trend has accelerated thanks to covid and more and more people are stuck renting from company homes, commuting on company bus and buying from company store, stuck in a vicious cycle of poverty. Welcome back the 1900s.
They don’t care about the working class. We are the enemy of the government, politicians and corporations. There’s no accountability in politics. Which means there is no ability for the working class to hold politicians to account.
The working class has been gutted repeatedly, and there’s no renaissance in sight.
The pizza place is in an old building that says The Company Store.
I’m surprised the interviewer didn’t make this connection and grill her on it.
It’s to late! Oil will hit $300 a barrel by November and mass migrations everywhere. Food shortages causing 200+million deaths worldwide
Unless she’s paying each worker $30/hr or more, there is nothing generous about the $1500/month rent she charges. The housing is for *_her benefit only._* It’s a thin veil she’s holding up and we see right through it.
I like how she says can pay the mortgage on her rental property by renting it out for a week but then a few minutes later in the video she says she’d be forced to sell if it were taxed at a higher percentage
Does not compute
How is their no benefit. In the video she literally says giving it to her employees for $1500/month is below the current market rate considering that her monthly mortgage is $5900 a month id says that’s pretty nice...
It's not necessarily generous, but with the rental subsidies she's basically paying them probably 20+ since minimum was is 15.
She is taking back half their salaries in housing fees LOL thanks nice lady
@@nate9932 1500 a month for a rental in a rural area is crap. Also if she's paying that much it's because shes paying on a fucking mansion. Average prices are not 5k a month.
As someone who's been pushed out of a ski town, working resorts for 10 years, it's a slap across the face when these guys with a second home comes to a city hall public forum against a tax for themselves. Meanwhile they directly are the reason why locals are pushed out if they're not multimillionaires. Same guys paying people 12 bucks an hour somewhere with high profit margins.
Its not "eat the rich", it's tax the rich at appropriate levels.
Locals are only 'pushed out' because other locals sell out.
@@sevenman9672 Let's not act like there's not increases in cost of living that contribute to them selling, among other factors.
@@sevenman9672 So you're suggesting locals be banned from selling their properties to out-of-towners? It's not a crazy idea. Many countries have laws or restrictions on what properties foreigners can/cannot buy. I don't see why similar laws can't be imposed but at a more local level instead.
It only sucks when you're poor.. This is what having wealth looks like. This is modern day freedom. We all live in an increasingly smaller world.
When you look at it on paper there's nothing wrong with people wanting to move away and live somewhere else. At what point is it not ok with 'you'?
The reality is a tax on these people wasn't going to save you. What you should've been thinking about is why were you continuing to work at resorts for the last 10 years.
@@Sometimes_Always Btw, college educated and I made the decision to work at resorts because I love the work, the people and the environment. Its wildly rewarding. The balls on you to pretty much underhandedly say to obtain wealth to be able to SURVIVE in a ski town, while people with your mentality are buying up multiple properties at exasperatedly high costs that you're willing to pay (even before COVID), causing real estate to rise at unstable rates subsequently ruining a town with nearly complete gentrification and having to bus in people from other towns to even be able to work those "too low for yourself" jobs. People who work hard are the backbone of this country and because you have wealth (probably family money judging by the cockiness), it's clear how much entitlement wealth has given you. Wealth is freedom is the one truth you've said, and as the gaps between rich and poor keeps expanding in this country, freedom will be less and less possible. The wealthy shouldn't ever make up the entirety of a community, especially when they just take over a town and push everyone out, I'm sure there's some country clubs begging for your membership.
"A lot of my employees live in tents, vans, cars..." That's called being homeless!
@@user-pl7vh1lj5m How does that make it any better in this situation? Homelessness is a terrible problem that is overlooked in this country since people think it’s “moral” in nature.
@@user-pl7vh1lj5m try telling that to a child who grew up that way.
@@robertboyle7954 living in a car or tent isn't camping. 🤦🏽♂️
@@greefo it is here.
@@robertboyle7954 I don’t think you know what camping is… LIVING out of a car or tent is not it.
These people don’t understand how someone can just live and be happy with what they have and where they grew up. Not everyone needs more money, but when you are driving prices up you will call us lazy because we only have one source of income. Just let us live.
How do you stop prices from rising? This looks like a beautiful place and I can understand why there is competition to live there and prices have gone up. I would imagine that some of the original residents have sold at the higher prices choosing the money over the location. I also assume that some won’t sell because they value the location and home and wouldn’t want to live anywhere else.
I grew up in a beach town where it was actually really inexpensive to live. By the time I graduated high school the secret was out and prices skyrocketed in the 90’s. I never could afford it despite making decent money so I currently live inland but I’m not bitter about it, it makes perfect sense. There isn’t room for everyone to live there so it’s a price point issue and that’s just the facts.
You can always move to Detroit and people will let you “just live” ;)
@@michaelvonfeldt9629 stop short term rentals, ban companies from using family homes as investment instruments so 2008 doesn't happen again because real estate is once again in a bubble, use rent control in the most extreme areas of the nation, incentivize building affordable homes, get rid of nimbyism zoning practices, and on and on.
There's plenty that could be done right now this very minute. Nothing will be done, because our entire government has been bought and paid for by the billionaires who own the companies that use family homes as investment instruments, and want to make sure the money doesn't stop coming in. It's pure corruption, nothing more.
@@kenaultman7499 I think of average people that purchased properties as a rental that would be crushed if short term rentals were banned and rent control implemented.
Affordable housing is definitely needed and I agree with most of your ideas.
Late stage capitalism, people are finally beginning to understand that these are the values this country was built upon. It's not a bug, it's a feature.
I like how at the town hall meeting, the rich people make it seem like THEY are the victims. They think the poor workers should just accept worse and worse living conditions so that they can continue to serve the wealthy. And wouldn't it be terribly rude to hurt the rich people's feelings by pointing out the problems they are causing?
Such greed. Holy hell.
"They think the poor workers should just accept worse and worse living conditions so that they can continue to serve the wealthy". They never really said any of that. There are many solutions to the housing crisis that do not necessarily involve taxation of the rich. They'd probably argue you need to draw in investors and rapidly expand housing development, or you can support worker co-operative housing projects.
Not only that but it’s their second home lol. They probably aren’t even there 80% of the year.
@@radscorpion8 As even your quotation of my statement shows, never did I claim that they actually SAID it. Language is also about inference and suggestion, subtext and context.
And yes, there are of course many varied possible solutions to the problem.
The weird thing is they are probably not incredibly rich, relatively speaking. I knew a couple of families back in the 80s who had a modest house in San Francisco and also a small place up in the Sierras, neither place was extravagant. "Rich" nowadays means having to choose which of several houses to go to and which plane to take to get there.
I love these people who complain about their 2nd & 3rd homes being taxed, yet don't give two shits about people who have to live in the streets because they can't find affordable housing. Don't feed the greed!!!
$800 a night rent... Give me a fucking break. Pays her mortgage in a week and can't afford a tax? These people...
@@Hyperbolic_G $800 for a night, no guarantee people are going to be found to PAY $800 a night EVERY night every month.
Hey, I owe several properties so I know how it feels. It won't be like this forever so make as much money as you can. If you can't afford it then leave. This country doesn't owe you liberals a damn thing !
Its not affordable housing in this context... its, there is NO housing. The solution isnt getting taxed in order to sell because then people wont even be able to buy these expensive homes. Its building more homes fast with government incentives.
@@kcheznyc it’s so sad cause it’s impossible to tell if this is sarcasm or if you’re genuinely unintelligent
you know what's worse than an arrogant rich person? An arrogant rich person who pretends to be compassionate.
Just like my former boss acting like it was their gift to have given you a job when you're underpaid and overqualified. Trying to portray the whole nice family business look but they own business buildings, rentals, and short-term rentals all over. Plus vacation property in another country.
You mean a democrat.
Sounds like all democrats and rinos. Come join the freedom populist club.(where the cool kids are)
guaranteed she uses her "hippie" lifestyle to trick these kids into thinking she's really doing the most, when she's fucking them raw! kids that, typically, think that because she didn't vote for trump and isn't a white male, they are a part of something new and different instead of literally being modern day serfs.
@@chrisblanchard6413 That's the white liberal playbook right there. Make money off all the suffering and then claim to be a social justice warrior fighting for virtue. Very lucrative grift as we see in this video works perfectly.
That restaurant owner was cringy as hell. She’s only offering workers homes so she can make money off them.
Didn’t we do away with company towns? 🤦🏼♀️
literally she's basically doing the same thing as mine owners. it's disgusting. why are there not more comments on this?
Right like she gives them a paycheck and then takes it right back
im a little torn over this one, on one hand she is renting to her workers at below market value. and she does need to find a way to incentivize workers to stay when there is obviously a labor shortage caused by people moving out due to inability to afford to live there.
On the other hand, yea it does seem somewhat exploitative to build housing just for the purpose of renting to your employees. It puts the employees in a situation where they will be afraid to quit or take on a different job perhaps with better pay because doing so will mean becoming homeless. And god forbid you end up in a disagreement with your boss...
@@islandwills2778 oh 100% it's not even just that. A lot of these things especially with small businesses do not have defined terms and agreements meaning it can very easily get nasty
They have a choice. She’s not forcing them. Stop blaming her.
That lady can cover her mortgage in a week with the rent she charge to out of towners, while her workers can't afford rent. She's part of the problem. -____-
ABSOLUTELY. Her bullshit about building housing for her employees is just rationalization to doing what she does.
That wicked smile when she said it, too. Yikes.
How is she gonna afford her felt vegan influencer hat though?
And I'm 100% sure that when she says "when I need it", she really just means throughout peak season. She clearly knows exactly what she's doing, but cares so much more about not looking bad than actually behaving in a way that even vaguely resembles common decency
That Pizza Lady is ruthless. Her New Age vibe doesn't hide it, but accentuates it.
She’s thriving while everyone is barely surviving
Dog eat dog world that’s for sue
Vincent Montgomery If you were her you’d be the same way
nahhh@@ndnrb_
I’m sure she will donate her income from the renters to society.
I think.
Maybe not.
the culture appropriation is gross af
I don't feel the slightest sympathy for those second or third home owners. If you own more than one house, and you leave it sitting empty for months at a time, then you should pay higher taxes.
Agreed, it’s a luxury item, vacancies just feel incredibly wasteful.
or it’s just an investment, just because you don’t do it doesn’t mean other people shouldn’t. It helps the economy grow and as someone who’s studying business it’s not a bad practice.
@@futurebillionairbitch6289 May help GDP growth, but you can clearly see that the majority of society doesn't benefit from rent seeking practices. I completely agree that second and third homes should be taxed higher.
@@futurebillionairbitch6289 "or it’s just an investment" Housing as investment? TAX it.
@@SwobyJ it is taxed.
I spent April 2020-September 2020 in the Butte and Gunnison. It’s a magical area for sure. The last time I was there was 2007. The trails and mountains made me feel like I never left, but I noticed many homeless in and around Gunnison. Having been homeless by choice and no other option, my heart went out to those folks.
I get that progress happens. As a home remodeler, I worked on so many flips in Pittsburgh’s North Side etc and basically helped gentrification along, but like a drug dealer, I have to eat and someone else will do it if I don’t.
I wanted to make a life for myself in Colorado and spend my remaining years there. Unfortunately, a $25 hour job would afford me nothing in the Butte, or an extended stay in Gunny so I headed back east to WV. I found a beautiful little cabin in the mountains where my dogs and I could live for around $1k per month on average with everything. I have mountain biking, fly fishing and skiing nearby. I could’ve found something in Colorado, but I guarantee it would’ve been a struggle. Pretty soon, every area is going to be “gentrified”. Next time you see homeless, please don’t pass judgment. You may find yourself in that situation.
Colorado is a craphole. People are talking about how bad California is but will never talk about how Colorado is the New California SMH
Oh. They only charge 1500 a month. Wow, that’s savage. We are literally going back to company towns. Even if they are paying 15/he and you work 40 hrs a week, that’s 60% of your gross pay. That’s evil
It is!
Yea what's sad is , when people have less money to spend , businesses make less money as well , and businesses go bankrupt because of it, it's simple economics, pretty sure Sears and Kmart went bankrupt because people don't have any money to spend cause of the housing shortage , it's like do people actually think nowadays of the consequences? You don't gotta be a expert to know this stuff
Heh. That's $1500 as a roommate. Average cost for a house, for rent, is anywhere from $3500-9000. Unless you have friends or know a good deal, you gotta pool with other people to live here. Local, lived here my whole life.
@@OnthewayhomeIgo ur gay for living with other people
@@OnthewayhomeIgo Dude in the beginning literally said houses sold for 60k and went up to over 2m... your life must be short.
Bottom line the US has a major affordable housing shortage.
canada too.
Most of the developed world has a major affordable housing shortage.
That's because companies like Blackrock are buying it all up. Plus there are so many regulations that make building new affordable housing next to illegal. Look at how tiny homes are regulated to death all over the country.
But yet democrats wanna let more people in the country when we can’t even help our own
@@Rommie26 that's because you don't want to help "your own"
In norway you are taxed alot for your second, third and so on, homes in most popular "holiday" counties/towns. Many of those counties also have a law where you HAVE to live in a home you buy within one year. We do have alot of cabins that are regulated as holiday homes, but they are built in places where people don't usually want to live regularly. Like on mountais, far away from city centres, so it doesn't create this problem. Those cabins are only allowed to be lived in for maximum 6 months of the year, so that your house doesn't become completely vacant. Many people wanted to move to their cabins after covid hit, and use their homes nearer cities occasionally, but were not able to without selling their city-home or renting it out long term. Americans might think that this is "taking away our freedom" or something, but it ensures that there are homes for everyone. It's a great system.
Ya a lot of Americans are too far brainwashed
The perversion of "freedom" is America's greatest pitfall.
America has similar policies. It’s not quite as laissez faire as it seems. The problem is mobility and influx of wealth from across the country into tiny economies which aren’t prepared.
Imagine Norway had a population 350 million people in an area the size of continental Europe, where people could just buy or sell property freely without having to cross borders. Regulations alone aren’t going to fix how crazy busy the economy gets.
These are the comments that Americans need to read, because regardless of the inability for regulations to solve problems, it still acts as a barrier to keep the behavior from being even more rampant. Unfortunately, it is the money in politics here that make it easier for the wealthy to get past any legislation that does get put in place. That is why markets have to occasionally crash, just to hit something of a reset on asset values.
Viva Europa! America has so much to learn from the continent in this 21st century world. Foremost that if one isn’t willing to be “social” then they are choosing to be anti-social… And yes, that applies both economically and psychologically. Never Ever GOP Again!
I am turning 36...I visited Crested Butte 7 times through my teenage years with my family for ski vacations. It was....such a big part of my life then, just as it's had an impact on my life now. It was such a beautiful, amazing, just breath taking place that I am so glad I visited when I did. From The views from the ski resort down to the small town, to the breakfasts we would have around the fireplace at "The Avalanche"...shopping at night on the towns main street, stopping for hot chocolate on the mountain before skiing down. I mean it was in my opinion the most precious gem that Colorado had to offer. Now being older I myself have two kids, and have been wanting to take a trip with my wife and kids there now that they are 16 & 14 and old enough to appreciate what the town is....and watching this it just breaks my heart. I remember my first trip there, on a sleeper bus from Kansas, we stayed at a hotel at the top of the resort where you could walk out your hotel....and literally ski down the streets to the lifts. After our first day learning to ski from an amazing ski instructor, all I remember was how that was what I wanted....I wanted to grow up, move to crested butte, and become a ski instructor, and live out my life in that beautiful town. I really hope i can bring my family to the place I've remembered and held onto for all these years before it changes into a place I wouldn't remember. What an amazing place....
" ol' crusty butt" as we called it lol...such a place I'd hoped would always be there ,same as I'd left it.
My heart breaks for the poor, poor people having to pay taxes on their multiple homes whilst other people are priced out of renting somewhere to stay 💔
The only issue is that there’s a good chance that it won’t be the homeless people buying the houses, it’ll be a soulless rental company, which can afford to buy up everything, take the extra costs early on, and then rent out the homes for even more, exacerbating the situation. I’m not saying I sympathize with the multi-homeowners, because they are definitely part of the issue, only that there’s more to think about
And then referencing the French Revolution. Out of touch much?
@@funkycacahuete2933 the friggin US Constitution was modelled on the values of the French Revolution. These folks literally want to "let them eat cake"
God is testing us to see if we will help each other and not be greedy. It’s like some people enjoy having more that others. 👀 When I become rich my goal is to help people.
I hope their ballot measure tax passed
That lady's acting like $1500 a month is some act of great charity. In 2011 I rented a house in CB for $495 a month. And if she didn't absolutely need the slave labor she would never, ever, ever, ever even do that.
She really comes across as a sociopath.
Right? I thought $1500 was high for food service.
In the north that is affordable. The housing market is crazy
@@videosuperhighway7655 she is we have way to many bad selfish social paths in the us and not good ones like me ! who are on the streets caring about people a real social path has empathy for human rights !!!
you dont live in the mountains then.
So she owns her workers. How is the charging 1500 for rent in a rural area “philanthropic?” That’s what people pay to live in NYC.
Unfortunately, that's just how it is here in the valley now. You can't find anything to rent for under 1k.
Im assuming it’s atleast a 3bdrm otherwise yeah that’s still ridiculous
2000$+ for a place in Washington state.
I pay about $800 for a studio in Portland in a dangerous neighborhood.
@@Tajmaj nope it's more like 1brm apartment for 1,200/ month and a 2 bedroom will be 1,500+
Even with $100,000, a perfect credit score, and a decent job and you still can't afford a decent house in CO.
It's fucking insane.
In Colorado! Imagine the coasts
The second home owners are 100% the problem, especially when they are vacuuming up land to build $1K nightly rentals. That land could have housed a couple small starter homes or multi-unit housing. People with second homes are erasing the physical space in the world where the middle class used to begin their lives.
And being an "affordable" landlord isn't philanthropic. Philanthropic would be taking steps to help young people build their own capital, establish their own roots. Building a home to rent is building that capital for yourself, so that those people can still earn you money in your business.
@@JohannesWOW Honestly, its a suburbia problem. Car ownership is a huge cash suck on many people's budgets, between gas, insurance, maintenance, interest, and depreciation (often an overlooked factor), but the way that we build our communities requires them to live. ruclips.net/video/TtJXl6pk0Z4/видео.html
Land may be available, but quality land that leads to sustainable growth and development is not. Often times zoning and "best engineering practices" precludes the building of a quality downtown if it's not already in place, or expanding it in a sensible way. Instead of letting several homeowners pop out a reasonable apartment over a garage and earn rent that way, the folks with enough money to buy a second home are "earning" what the mortgage costs because they had the capital to beat the rush.
Apartment buildings don't have to be 20 story tall monstrosities or even a 4 over 1, they can be legally finished basements, converted garages, apartments on top of retail or other businesses.
My main shout out to Strong Towns if you like articles: www.strongtowns.org/qa-webinar
If RUclips is more your jam, check out Not Just Bikes and his Strong Towns Series: ruclips.net/p/PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa
I would argue the problem is people with 2 restaurants and some rental properties complaining they cant find people to work at minimum wage. Pay more for employees and they'll come, yeah it may cost you your 5th house, but so be it.
@@KippartRS people with 2 moderate businesses and a few rentals do NOT have 5 houses…. Your perspective is off my friend. People with 5 houses are billionaires. With jets. Who break HIPAA and commit insider trading for a living. And whatnot.
@@KM-bn7dg she openly said she had multiple rental properties. So her home, business and at least two rental properties. Would it really be a hardship on her to not buy a third and raise all of her employees wages so that a 40nhour week equals the monthly average cost of housing.
These are things people fought for in the 1800s man, politicians right and left dismantled the systems that stopped horse crap like what is happening today.
People suck
Guy is homeless while his boss makes 800$ a night off her second house, oh what a wonderful world
And it's not even her money either which is a complete sham in itself.
@@yayoudo1 as you type your reply on a device that cost the world trillions of dollars to create...because of capitalism.
@@yayoudo1 capitalism is the worst means except for all the others that don't work worse.
@@yayoudo1 it’s competitive nature has spurred development. A reward for personal effort has inspired innovation. Much of the world’s technological advancement has come from capitalist countries (or countries which use capitalism in one form or another).
@@josephoakley2817 well if it's given us smart phones there can't be anything wrong with it I guess
"If they won't let me use my investment property for short term rentals I'd have to sell it" Yes ma'am, that's the general idea. Preventing people like you from hoarding property to earn profit while your workers are homeless.
If she sells it, some other ACTUALLY RICH person will buy it... that doesn't solve anything. How about, You know, the local Gov't Builds Properties that has subsidized rent for locals only to use?
@@randomyoutuber8227 except the people owning second housing would be incentivized to fight against that, as it would cut into their profits.
@@whisperingsage89 Not much they can do if the Gov't Wills it to be so, as well as the fact that their model is based on short term rentals or visiting person, locals wouldn't be interested in those anyway
@@randomyoutuber8227 Are you serious? You want the city of Crested Butte Colorado to build housing projects so the "underlings" can live in basically Cabrini Green in the country. Will there be a curfew for them and will they wear special markings on their clothes too?
This is what is happening to the USA. Over the last 40 years there has been a stratification of socio-economic classes and the concentration of wealth at the top has not been this dense since the 1920's. There are ways to fix this problem, Govt. housing is not the answer, 70 years of history will tell you that.
What you are not seeing is that the cost of the home is so high she has to or no one gets a home. In case you did not noticed, she not only does that for one home but is building homes for her workers that are homeless.
I lived in my car with my 3 kids from 2014-2018. It was devastating at first but it was also freeing because now I know what I'm capable of and I saw all the cracks in the facade up close and personal. This problem has been here for a long time, and impacts the lowest income 1st. No one cared when something could have been done easier (most people were unaware or unbothered because it didn't effect them). It was a national rent crisis back then, and here we are now. It's not an accident, imo. All the "non-profit" organizations that "help the homeless" are designed to stay in business and get tax breaks all day. They aren't working too hard to fix anything. Now apply that all the way up the income chain. We have to find a way as the people, imo. Relying on the system that chucked us here isn't doing much but making us all feel more helpless and them more in power. If we all stopped working and making the higher echelon money hand over fist they might listen. But it would have to be everyone and that's the hard part. We will find a way somehow, but it might get worse before it gets better, stay strong. Loving thy neighbor is more important than ever now. Cheers to a new system thar works for us. 💗✨
"These people that are going to pay the second house tax are your neighbors."
Yes, and so is the guy sleeping in his car.
Is it eat the rich or devour the poor because it really seems more like the former 99.9% of the time.
Know how america benefited only if interested ruclips.net/video/H0Snu62FxUQ/видео.html
i think you meant latter
No one is devouring him,.
What’s also funny about the French Revolution is the elites kept ruining the working class’ life. So much so they wouldn’t take it anymore! I bet that rich guy thinks his metaphor does not apply to his behavior..
Exactly. The people who live there want to eat out, but where the restaurant employees live isn't their problem.
Locals who work in the area are sleeping in their cars to serve "second home" owners who come to get away from their hectic lives. I can't think of much that's more feudalistic than that.
5:40 In a nutshell "don't scare rich people away though they are a big part of why we have these problems", is the biggest circle jerk I see.
seriously! like the nobles fleeing to the countryside during the plague
Simple solution if you don't want to pay the tax then don't buy the f-(
Solution: Build high density housing.
Home owners: !!!!!!!!!!!!!!!!!!!!!!!
You snooze you loose no sympathy here
@@vincentmontgomery9770 These Millennials are fools for not being born earlier.
Can't wait for the housing market to inevitably collapse again so peasants like me could possibly maybe we'll see be able to afford a basic, simple house
Yes lol me too
Here, here
It's never gonna happen.
@@jancarius101 How do you know
It's not the same kind of bubble as 2008. Housing market is just pacing with inflation so when we see that under control we'll see a decline in pricing as demand wanes. Building has to pick up as well and with prices of lumber falling, it may see an uptick and some stabilization in prices overall as the supply increases. Of course there will be times the price drops but overall don't bank on it ever hitting below that inflationary line. Good luck to you
If every single person in this country doesn't get to OWN a home, NO ONE should be able to own more than one home, PERIOD. HOUSING IS A HUMAN RIGHT.
What's sad, is that the apartments these people left in the city, are still as or even more expensive for the locals.
Yes! I saw a 200 sq ft studio for 1000 dollars near where I live lol
@@katten39 Once, I zillowed a closet in the upper east side of Manhattan just for kicks. How does a closet have a $1000 HOA fee?
@@katten39 that's all? Austin is worse
I think after a while, once things get back to "normal" and the market realizes no-one is going to fill those apartments, you'll see those prices drop.
@@worldchangingvideos6253 this is what happened in California starting 40 years ago. When Governor and reps scream for big tech or large corporations move to Texas. Then the heart and soul the long time people are always forced out. This how California got so many homeless.
"If they put a short term rental rule on my house, I will sell it." That's literally the entire point - decrease the amount of short-term rentals and sell them to locals.
At 5700 a month, (Guessing it's in the $1.2 million or more range) none of her employees can afford that house, so it'll end up being gobbled up by someone not living there as a second home, so, problem isn't fixed. Still.
@@lttbigbob but it will reduce how many people buy second homes....open up more supply...reduce prices overall. I don't know all the numbers in this specific case as in how much it will reduce prices, but most additional taxes (think alcohol or cigarettes) will reduce demand in general.
Locals can't afford a 5700 dollar a month mortgage on 15 bucks an hour
Yeah, they couldn't have found a more oblivious person for that interview.
Some bartender making $20/hr isn’t buying a million dollar home tho. Probably gets bought by some out of state rich guy who uses it 2 weeks a year and leaves it vacant the other 50 weeks
Cheers to vice for letting the slum lord talk long enough to claim she is actually a “philanthropist”
Well said.
That stuck out to me...made me chuckle that she sees being an opportunist "philanthropic". Maybe she needs to look up the definition. Lol
@@allymkbay especially when her "philanthropy" is renting houses to her workers at *less* profit than she could be making. No one with more than a single brain cell believes she is renting those rooms to her workers at a loss.
@@kid31989 She is certainly not making what she could be which by the sounds of it is vastly more. She is subsidizing employees accoms, but sure, that makes her evil. If she were not doing that, then none of those employees would be there and she would be out of business and no one in the city would get pizza....now that last part is what matters!
Prof Richard Wolff Monthly Economic Update
When I heard that "My wife and I give to fourteen different charities" guy, I imagined a resident telling him he'd rather be able to afford a home, than to have to rely on his charity. What an egocentric Prat.
The "charities" are probably like $15 a month donations to the ASPCA, give me a break. How stupid do they think VICE's audience is? Pathetic 😂
The Welsh had the same problem in the 70's and 80's with wealthy English buying up beauty spots and cottages as weekend get a ways, and holiday homes. Angry young locals who were priced out solved the problem. They set fire to the homes owned by the English.
we need a uprising
Food for thought
Cymru am bith
It’s coming soon I’m sure. You can only push the poor so far before it revolts.
Revolution means it circles around every so often.
Mate I'm from the Highlands in Scotland, and its happening there too - rich folk have bought/are buying so many holiday homes to rent out or use for themselves, so even locals are in council housing. Honestly mad
$1500 rent is still a lot. That means those employees should be getting paid $60k minimum for a halfway decent life
exactly wages have not doubled or x3 x4 like property has. does not make sense as many things these days.these little towns have no way of building hospitals buses etc overnite
That's exactly what I said and made the exact same comment just now! Plus, this was just a housing discussion. Notice there was no mention of health insurance for workers, life insurance, chid care, education... It's an unsustainable town. And what do they do in the winter?
Big "I can't profit without hoarding property and my business isn't profitable without paying poverty wages" vibes from the hippy CEO.
Absolutely insufferable.
Do you have a business with many employees or another arm chair expert. Do you shop Walmart??? bet plenty do who complain about wages.
@@jacklong7048 Adults are trying to have a conversation here, Jack. You can try to gatekeep someone else less informed, thanks.
When I was 12 I spent an incredible summer living with my mom and stepfather in Crested Butte. We were actually 4 miles outside of town in an incredibly beautiful unspoiled, unpopulated gorgeous valley called Washington Gulch. We paid $200 a month to live with n an old log cabin without electricity, running water,or bathroom other than an outhouse. My mom cooked on a huge old wood stove which was also our heat source at night, and we got water from a crystal clear creek .
LOL! RIGHT?! She was insufferable and only fooling herself about her generosity.
City workers in NYC, LA, SF have been screaming about this for DECADES, and teachers...all over the US...have been begging and pleading for affordable teacher housing. This isn't new or unique. It's systemic in the US. Vail has had this problem for decades, Telluride has had this problem for decades, and it's because wages are not aligned with inflation and housing costs.
The blond woman in the hipster hat (who owns the pizza place) in this video rents out one of her homes in Crested Butte to my friends at $10K/month (or at least that's what the rate was in Aug 2022). My friends live out-of-state, and rent it for months at a time. It pays the mortgage PLUS utilities, PLUS maintenance, PLUS insurance, and cleaning. It's not cheap to own a home, it's more affordable in most instances to rent than buy. The "cost" of owning a home is far, far more than a mortgage payment. I hope them renting her home helps house her employees the rest of the year.
That woman who was like “I’m philanthropic even though I have houses with short term rentals that are pushing up the long term rental price…” ugh, just sell it. You are part of the problem
Not how this works.
1. The houses are normally to nice for them to ever afford in the first place
2. We have a housing shortage meaning we need more new houses and especially apartments for low income workers
3.Get rid of short term rentals and rich people out of state will buy it.
The fact that she says she pays her mortgage with just a week of rentals is a huge problem
@@claireborges7637 well no it's not because she is trying to help out staff. She could do that and not tell them
They already said wealthy ppl from out of town are scooping up properties. How does that help? The risk is the home could either stay empty mostly yr round (the other problem they mentioned), or the cycle continues when that wealthy owner beings renting it out themselves. But instead of it being a local from the town who cares about their community, it's a stranger possibly with no invested interest in what the locals need or their culture.
The problem to me doesn't seem to be short term rentals, bc that brings in cash flow to the community, but rather how much home/building owners are raising their prices. Prob partly to take advantage of the higher potential money out of towners are willing to pay. So that becomes the new standard, what they "could make" from those outside. Those inside are then forced to figure it out.
I wonder if taking the mode income of citizens in that community, then figuring out a percentage amount landlords can't exceed for that given fiscal yr. If you do you have to apply, and pay an increased tax. With the proceeds of that tax going directly to the community housing needs.
That lady is a typical elitist a walking hypocrite
"No one owns Crested Butte" - Multiple restaurant, multiple short term rental, and multiple house owner.
LOL
Exactly. Well said.
I wonder if she'd still be so chipper if a 'well-meaning' CEO--ahem--restaurant owner moved in on 'her turf' and gave her a run for her money?
Ski town restaurant food sure isn't cheap
She earned it. No one gave it to her.
_"If they put a ban on short-term rentals, I will have to sell a house which I bought at a super-inflated price, hoping to cash in with short-term rentals."_
No offense, but I think the guy having to sleep in his truck, he could live with that.
I agree, the only thing is the people who would buy them would likely be second homers or remote workers so either way the housing stock isn’t going back to being affordable for workers. So if that’s what they are trying to do, a ban on short term won’t achieve that. Perhaps they could give a tax break to people who house locally employed people instead? Off the top of my head idea. 🤷🏾♀️
Sleeping in the truck isn’t a problem until winter hits lol. Plus with more people moving in, others being poorer, all that leads to more crime and sleeping in a (nice) truck is a good way to get robbed even if he carry it’s still not very safe long term.
He wont be able to afford it anyway. I definitely don’t have a lot of sympathy for her, but I also don’t see much of a solution for him unless the town decides it needs to specifically subsidize low skill workers because they want to go out and get their beer and pizza. Being minimally employed in an ideal bit of geography isn’t a recipe for success. At best, people shack up together for a few years to enjoy the mountains until they decide they’d like so start accumulating some wealth or have mouths to feed.
@wally dog property taxes for non main residence homes.
I could live with her losing money and depending truly on the money she has.
This problem is growing everywhere. Housing has become too expensive for the middle class now. I live in a smaller Southern town. Not a tourists town and not growing in population. Even with those terrible statistics, prices of homes have continued to climb.
I bought my house 3/2 for 92k 8 years ago, which was the going rate in that neighborhood. The house next to me just sold for 210k; it's identical to mine and a block over another one just sold for 199k... That's the going rate now.
If I were home shopping now, instead of 8 years ago, I couldn't afford to buy my home.
@David James Okay, sure it's all in our heads that home prices and rent have skyrocketed since the pandemic started.
Yes I'm sure you can still find some ghetto crack house for $30k but I'm talking about your standard 3/2 in a decent school district.
“If we get a daily rental tax we I’m going to have to sell my second home” that’s the solution!, get more houses into the market so that your employees are not homeless
Second home owners are your neighbors 🤣🤣🤣
Problem is, they won't be able to afford them. The real estate agent said home prices were sky rocketing. They just be bought up by more of the people moving into the town who work remotely and have large salaries, not by the lower wage workers working the shops that keep the town functioning.
More houses in the market doesn't help. As stated by @Ghostlight Plays The only viable solution is unfortunately to tax the second home owners and build apartments/affordable housing as any spare houses will be out of the price range of most locals and bought up by those whom have more capital probably from out of state 2nd home owners who don't mind the tax or remote workers looking to move else where.
I DO think the business owner renting to employees means well, even though we all know that isn't a good solution.
@@stimepyc3523 I don't believe she means well. I believe she's looking to fight off a labor shortage thats occurring due to the unintended consequences of her real estate business.
@@chrishale5213 I think short term, yes she does mean well. BUT I agree with your view point. A longer look and yes her end goal does not align with the current labor shortage.
This has been occurring in poor neighborhoods in big cities for years.
💯
Right, that first couple were undoubtedly gentrifiers in New York... but, now want to act shocked that locals consider them to be part of the problem in Crested Butte. 😒
It’s been slowly happening in CO mtn towns for at least a decade and now COVID accelerated it.
LMAO yeah it has, for a long time as well.
Someone finally says it
Has someone who has lived in the Colorado mountains my entire adult life. I was already yelling at this before it was 2 minutes in. It really hurts for people that love this place and have been here for a long time to be pushed out by wealthy people from other areas and to be talked to like it somehow your fault.
💯
It's been happening in northern Minnesota for 20 years on some of the pristine lakes rich people come up and buy these places build million dollar places property taxes go up in the old people can't afford them they're forced to sell
Something will change now that it’s happening to white people in bigger numbers. Soon it won’t just won’t be major cities with homeless problems.
My question to you guys- was your town faring ok before, or was money always low? Was life quite good, or just getting by?
I completely respect the disdain for the ugly urban living crowd, but I'm curious about the economic situation before
@@lazypops3117 we lived in a nice area in ca and had the same thing happen there! Very clean nice area which was the draw from LA and San Jose people. The medium house price is now 750k. The local jobs don't support that price! Only the people from the big city can afford that now. But then your loosing the people that created the town you vacationed at and love. The amount of people and the crime and homelessness forced us to realise this is not where i want to raise my children. When people move from an area that has those things feel its not as out of the norm as people who can see and know that its not normal at all. We moved in aug to an area out if state. It's a sad situation for everyone.
This isn’t just a problem in Crested Butte, it’s a problem at almost every Colorado, Utah, and Montana ski town in the US. Probably all other west coast ski resorts as well but those previous states I have spoken to the locals in multiple towns across those states and they are all facing the same issue. Just to name a few of the worst cases I’ve see, Whitefish MT, Steamboat Springs, and Big Sky, MT are all facing major affordable housing shortages. You could do a whole series on this issue and should.
Aspen is very, very, very bad
Banning short term rentals would have a huge impact on this problem. STRs have destroyed small towns everywhere.
When I lived in Nashville a couple years ago I remember seeing a story that said there were something like 14000 short term rentals in the Nashville area, not just the city proper. And it's been a complete disaster. Rents add rents win up 26% in about 3 years, there have been a ton of burglaries because local gangs figure out where those empty short term rentals are and they hit the masuna's people Vacate after a weekend. This drives up crime rates in lots of decent neighborhoods and really terrorizes long time neighbors . Plus of course it removes housing stock and and of course it's all about supply and demand demand so it drives up rents for everyone as well as the price of a home to buy. It's just absolutely the worst thing that happened. The only people it is good for are people who are wealthy enough to rent short term rentals, or young people who have 10 friends that don't mind sleeping in a 2 bedroom in some cool hip town Instead of actually paying the price of a hotel. And it's just such a joy to go home for a nice quiet weekend and your neighbor who has an airbnb has rented out and the jackass who rented it has 10 friends. Even if they're not huge part years, it's loud, there's tons of cars, people coming and going at all hours. That's not a neighborhood anymore. There's a recent cities have zoning laws and hotels can't just go up anywhere. But none of that applies to short term rentals and for the life of me I can't figure out why they should be exempted on this.
it's not just 1 single issue. banning str would destroy your housing market, put people out of work, and destroy housing values for those locals that own. it's not as simple as 1 fix. most of the locals your talking about can't afford a home. not everyone that wants to live in cb realisticly can. all the work from homw people are the ones that tiped it over the edge. towns need to build and rent out month to month rooms to people who work in the county.
@Rey Orozco I'm not a realtor. Im just saying you will destroy the housing market for those locals that have lived there for years and own. Banning str will not solve the problem. People who str are not going to rent to seasonal workers that will destroy their house. They will probably just try to sell their house.
Yep
@Rey Orozco get a clue
That restaurant owner lady acts like she's some kind of saint buying homes to rent to her workers, as if they aren't just giving their wages back to her so she can be a landlord. Lol well played lady.
She’s the type of lady that would say something didn’t go right because her chakras weren’t aligned with the Virgo moon and her crystals felt weird
Better go smudge the house with sage and patchouli
Well if they’re renting elsewhere for $2500+ a month, I suppose $1500 a month is better. At the end, something has to budge, including the price of pizza.
She seemed a bit hypomanic to me, and over-confident that's she's doing good.
You don’t know how difficult it is to find housing in places like this.
You have the wrong perspective. She’s literally taking a hit by renting out to her own employees when she could be making $1,500+ more per month. They’re not “giving back their wages.” They’re renting property at a subsidized cost and staying gainfully employed.
I'm glad they included one lone voice from a worker at the very end, guy living in his truck. The rest of this was real estate guys, NYC transplants with dough, 4th-home owners threatening to cut all his "charitable donations to the community" if they DARE raise his taxes a little bit, a business owner who offers to rent apartments to her pizza workers for $1500 a month because they "work so hard" cranking out 280 pizzas an hour on a fast night, one fool complaining that poor people being forced out of their homes who dare complain about it has an "eat the rich vibe." WTF.
Those people are not nyc transplants. They are transplants from Midwest or west coast that moved to NYC because they thought it was cool then left to that Colorado town. Pure locusts, NYC is filled with them. Listen to their accents. Those hipster types are a scourge here in NY to natives like myself which is why I embrace the rising crime rate lol.
@@AmericanRefugee212 Point taken. But when I lived in LA there were a lot of New Yorkers who had relocated and no one called them locusts -- just "annoying"
@@jimmywebb4429 The New Yorkers inundating the Tampa Bay area over the past year have completely ruined a once idyllic place to live. I was in the northern part of the county, full of farmland and open land. When Covid was in full swing, and NYC and NY state were locked down but Florida was open and functioning, south they came, in droves. They drove up , and continue to drive up astronomically, the housing prices. Traffic seems to have quadrupled in that short time, with a lot of accidents. Sometimes I'd see 3 per day. They brought their aggressive, rude, impatient ways with them to what was once a chill place to live. The area is completely ruined. I sold in April 2021 and left the area because of them. Of course, it was not only New Yorkers, but they are the loudest, with the most distinctive accents (them and the Massholes).
@@TS-rd7oy Sorry to hear that. It is just a no-win situation. Even in metro L.A., the old neighborhoods where generations of families had lived got pushed out by hipsters with all this cash. Unfriendly, expensive restaurants took over family cafes and bakeries, the little bar with the grandma who gave you free posole if you had too much to drink -- gone, replaced by a soul-less place that jams electronic music and sells thimble-sized cups of Belgian ale for $12. All the family businesses are gone now.
I wanted more from the workers and other people that are hit so hard. I wonder if they were afraid to speak up.
Can’t hate people for doing what they love. Living in the mtns is a beautiful thing. Just sad what it’s done to all the folks who are from these places. Even before the pandemic, this influx was happening. I’ve watched it happen in the Yampa Valley since the 90’s. The pandemic and remote work just exponentially increased this influx. I feel it’s still the short term rentals and 2nd home owners that are the biggest issue. If you don’t live here year round, open your place for people who can.
Lol. The “second home” crowd are really unsympathetic. Threatening their “charitable donations” is the best they got? Tax you or “trust” you to “do the right thing” (as you alone see it), is basically what you are saying our choice is. I choose taxing you.
If he's funding charities, he gets to decide what services the community gets. If he's paying taxes, the community gets to decide what services the community gets. Let him pay taxes.
Let him leave.
Exactly. I would rather not rely on the generosity of rich people to house the working class. What you get is exactly what he did... blackmail and greed.
Certainly has a "Trickle Down Economics" ring to it. Let all the money float to the top and let them decide what to do with it. Anything else would be SOCIALISM!!!!.
@@rubidot yeppp, if you listen to the podcast nice white parents its exactly that. They want to support Thier interests not the communitie's
This isn’t just Crested Butte. This is happening all over Colorado. I was one of those people who had to leave because renting prices went up drastically and ended up moving back to live with family during covid. The housing market (renting or buying) is absolutely ridiculous right now.
Unlikeable people invading.
The same thing is happening in Montana.
Same thing is happening in Miami
Bezos has a company buying up property rn…
Colorado is full! Everyone stop coming here. We don't want you and the locals will continue be rude af until people stop ruining CO.
“If I can’t rent my home to short-term renters for an inflated amount, I’ll have to sell it.”
EXACTLY THE POINT!
Sell it at an inflated price, because she can, and then the new owner does the same thing. Economics. Supply and demand.
@@dougerrohmer Except a lot of second home owners would be putting their houses up for sale at the same timem which would drive down the price, that is supply and demand, the demand has already increased and the supply would be catching up.
@@Right-Is-Right Except supply won’t catch up to demand because part of the problem is investors, rabid now to reap huge monthly returns once they jack up the rent. This along with a growing number of foreign investors.
And always always, an ocean of hungry leeches called real estate agents that want to list and sell every property for the highest possible price.
They’re so busy these days if you’re low budget or not a cash buyer most won’t even return your call.
@@Right-Is-Right that would be the ideal outcome. But No way will majority of second home owners sell at the same time and with a low price. We live in a capitalist system, it's all about making tons of profit.
@@ARTerifik In that case the foreclosures will be at around the same time, a couple of months after the passing of the law. The capitalist system runs on credit not massively rich investors owning everything outright.
9:48
Man I feel so bad for this guy! He seems like a good person despite his situation and he also appears to be in good spirits! I wish I could help people like that! No one deserves to be homeless!
There's a lot of people who are crazy AF. We have to thank Reagan for that--his bright idea not to keep them in decent housing.
Oh, and drug addicts and alcoholics are most of the rest of it. AA is still free, but if someone's giving you money and food for nothing...there ya go. Shouldn't get anything if you're not willing to try sobering up. Worse than little kids: need some unpleasant consequences to stop causing trouble for residents. You don't want this living near you. Trust us.
I lived in Crested Butte for years starting in 1990. Young families were getting priced out then, housing was extremely tight. It was obvious where this town was headed and it broke my heart.
I lived in my van for a fall and a good part of winter before I finally found a room in a shared apartment. I lived in an attic for a while. If you didn't split wood you froze. Gunnison is the closest large town 30 miles away, that's where most of the staff live. It's a dangerous drive in the winter. If you slide off the road you can easily freeze to death. Sub-zero temperatures are common. It's one of the coldest places in the nation, the winters are long and spring is just mud. It's not actually spring until the middle of July and it's snowing again by October. Don't move there you won't like it.
My point is people have second homes there b.c. they don't have the grit to actually live there. The locals that do carve a life out at 9.000 feet, and breathe that life into that town deserve better.
Is Rolf Thorfinson still living there?
lol, I live in Canon City and know many natives that grew to hate living in the mountains. Its cold and windy 9 months out of the year. And more to your point ,these 2nd homers dont live there in January unless its a ski vacation. The coldest I've ever experienced was -25 in Gunnison one morning....unbelievable
Honey I didn't think any place could be worse than Indiana.
you proved me wrong.
@@please.665 worse than Indiana? How?
@@ericlaphroiag3546 I lived in Howard too lol
It's a win win. She gets to profit from her many properties, and multple businesses, and he gets to live in his car.
well said!! i live in a communtiy north of San Francisco. it would be better if they just said they're selifish and greedy . I'd respect that more . From, a teacher living in a TINY VERY expensive rental .{ I cant move , Im helping to take care of my mom.} That Im supposed to be grateful for . 1% of this country have more weatlh then the bottum 98% . Thanks to the Tax system I pay more percentage wise than they do. Happy Labor Day LOL!!! { 9 million losing their unemployment}
...and differences between the two being age and access to credit.
Maybe someday she’ll even open a company store for him to shop at.
Housing being used as hotels is a major problem everywhere.
Bro I'm just looking for a tiny home honestly
@@luckysours8397 Same! Too bad the hardest part of getting a tiny home is finding a legal parking place. Go figure...Turning houses into hotels they allow...but there are all sorts of laws making it hard to build an affordable home for your self.
I'm amazed that not single mention of massive income inequality that is actually causing someone to buy their 3rd home for fun at the same time someone else to live in a van, all in the same town. Late stage capitalism at it's finest hour.
When that woman builds homes for the employees to afford, she'll have a captive workforce. They will never be able to get enough money together to leave.
I was thinking the same.
Thankfully illegal
It’s called the company town.
Yep. This exactly. This is such toxic behavior. I would avoid working for her.
Vertical pizzagration
My city has had a “non homestead” tax for people owning homes that are not their primary residence for 20 some years. What’s the big deal?
@@oddieboi I’m with you. My reaction is more about how outraged the non locals are about the idea that they would have to pay a different tax rate for their bonus homes! Primary residence is the house your ID and or voter registration matches up to, non primary residence would be any other home you own, whether it’s a rental, vacation home, or whatever.
The big deal is that those greedy bastards don't want to pay a tax. That restaurant owner was truly a horrifying individual. She gives me a real "own the means of production to control the population" kind of vibe... Spooky.
I agree. They should be paying an extra tax.
@@kyshac81
And the tax money goes to what?
@@DustDevilRage It could go to building affordable housing. Or housing subsidies.
You need to clarify that most of these second home owners aren't using these homes as vacation spots. They're income assets!
True. Money loose values but properties maintain it.
Well, a lot are using them as vacation spots or summer homes.
Yup. Many places have income/ property tax loopholes. You buy land and put it up for sale at double the appraised value right before tax time. You're money is tied up "in investments", so the tax people leave them alone.
Another one is buy agriculture land because it's cheaper. Then they can show off to all their city friends how much land they have. If they can rezone it, they sell it to a developer who makes it into a subdivision
That's the point, but not exactly. These "homes" aren't really second homes, they're short-term rentals for people who want to run around the world working remotely. Basically, they're turning the entire town's housing market into an airBNB for rich entreprenuers and other high-income people who work remotely. They're vacation spots, but not for the owners. They're vacation spots for the people the owners are charging 1000+ A NIGHT to stay at. It's insanity.
This “zoom boom” has definitely made a difference in the quiet little beach towns near me, off season used to be so nice, now crowded and busy year round.
That dude crying about his second house is literally the living embodiment of the "but how will i afford my second yacht!" meme.
I'm glad he brought up eat the rich though because we're really overdue on that front.
It reminded me of Mr. Burns' ivory back scratcher in the Simpsons.
@@browncatwithblurredbackgro2461 it seems like you just made that up. It's not jealousy or "hating", it just understanding the housing crisis. There are about 600,000 homeless people in America, and about 17 million empty homes.
Nobody is trying to confiscate houses from owners and give them to homeless people, but rather taking smart approaches to make homes more accessible for those who need them rather than those hoarding them.
It can be as simple as a tax on vacant or second homes that would discourage wealthy people from accumulating them. Right now the problem is that it just too easy and cheap to dump large amounts of money to buy up property and just keep it empty.
@@browncatwithblurredbackgro2461 I own my home, I worked hard for it (harder than was necessary but that's a different story) and I have to agree that it's time to eat the rich.
@@browncatwithblurredbackgro2461 👏👏
@@aviefern so.. in that line of thinking, what do you have to say about the 2 million illegal immigrants that will be settled here this year plus the 1.5 million new green card holders we have had every year for decades?
I've heard this trope: well a poor refugee doesn't buy a house first thing.. yes but they all create a demand for housing - every new person in this country even if they live 8 to a 1 bed apartment.
This is what gentrification looks like when it happens in Rural America. Minorities in the inner city and suburbs have been dealing with this for generations. Good Luck 🍀
@cat radio videogates nah blaming white people is easier
Their clearly smart and work. I'm sure they will be fine. Crying and blaming others isn't an option.. working,saving,and making good decisions will see them through.
@cat radio videogates damn what neighborhood is that?
👍
Urban you mean. rual is farm country.🤭
"Why aren't Millennials buying houses??? (one guess) ... Why are Millennials moving out of expensive cities??? (zero guesses) ... Why are Millennials moving to cheaper cities now that they can work remotely??? (oh FFS)"
I'm beginning to think the problem is not Millennials
Millenial -Worrrrrdddddd!!!
No Millennials are lazy and poor and steal our jobs and remind me every day that I'm going to get older and die.
SO, Millennials are the Problem, stop questioning my prejudices.
@@neuemilch8318 ok boomer
@@neuemilch8318 the problem always starts and ends at the tip of the spear and in this case that would be the people who raised them. Any guess who that was?
@@MasterBlaster-nz3uv I prefer people who take responsibility for their own mistakes. However, I must say that the past generations are particularly bad at this, and neither millennials nor generation z have had the time or the power to make big ones of their own.
So I agree
It's discouraging growing up thinking all you had to do to survive was have a full time job. I have one and I don't come close to being able to rent anything.
Quick heads up: when you look at the French Revolution and think you might be next, that's a sign from the universe that you're the bad guys.
Love this!
Ha! Good point.
Amazing
Yep. Those that profit the most can get not be surprised when the ones they live off of destroy the system
period
That pizza shop owner is literally a feudal lord… how does someone like that sleep at night? Knowing you’re regressing American society.
All the cash helps alot
Feminism
If you want to stop it, do something about it.
Do you know how much she was paying an hour for her employees? What other benefits was she providing for them? The employees have a choice to leave the town to seek work elsewhere. Serfs voted with their feet if they do not like their overlord and leave.
Very comfortably on her eiderdown mattress.
This has been happening in Hawaii for decades. It's sad that alot of the local families that have been here for generations have to move away because of people like that restaurant owner.
Facts. Here on Hawai'i Island it's been like that. The pandemic amplified it and it's out of control. Very few long term rentals anymore, everyone wants to do Airbnb. Then the available houses on the market got swooped up hella fast by cash, sight unseen buyers from around the US. You can feel it on the road, the new drivers lack Aloha and drive like jerks. You can see it in the stores, the new residents don't show any Aloha to other shoppers or to the employees. It's sad.
mahalo!!! finally someone said something about our aina Hawai’i. how you gonna have Hawaii with no Hawaiians? Hawaii with no aloha, Hawaii with no hawaii-born and raised locals. Hawai'i full of people not originally from the land. oh btw red hill is still fueled up and is contaminating our aqua reservoir. and people still want to ‘vacation’ and ‘move’ to Hawai'i. there is LITERALLY a fucking war going on and all people care about is their mental health and how ‘moving to hawaii’ or ‘taking vacations here’ saved them. Look at what’s happening around the world and all you care about is posting how the war makes YOU feel. What can you do in the world to help them instead of posting about how it makes you feel. Stop posting and fucking do something about it; if it doesn’t make you feel good or better when you lay your head at night. Elites HATE when people come together because it’s what makes us STRONGER and smarter. We are supposed to be better than this..
she actually rents to her employees - it's the second home owners that spend a few weeks a year there and rent it out to short time stays the remainder of the year that 1) drive up housing prices and 2) take available housing off the market for year'round or seasonal employees.
Out of staters keep moving to my area in hordes. This has been happening since the days of Obama. I'm SICK and tired of all these city punks changing rural areas into the next metropolitan area. I wish they would go back home instead of creating a housing crisis here by maxing out locals who were born and raised here.
@@trans-octopusspacealien8883 locals need to fight back
Born and raised in this valley! Over the last 7 yrs I’d say it’s been getting worse and worse!
This town wasn’t made for this amount of yuppies! I mean, it’s always been yuppy filled but it’s like unreal now
"I can easily cover the mortgage in a week of short term renting, but if they put in this law I'll have to sell". Yes, that's the point because the supply of homes needs to be for people that need it instead of investment opportunities!
Why do you hate Neoliberalism? Rich people are people too.. They need a place to live.. They need 3 or 4 places. And some yachts. Think of the rich! /s
He probably make sacrifices early in life to afford those properties. In reality this won't allow more locals to buy. Outsiders will buy. This has happened throughout the years. In 200 years this will be a problem again but for the new residents future grandkids
@@cashkitty3472 I have a crazy idea, how about we build housing to keep pace with demand all across the country so that this current generation can hope to experience a piece of the American dream before their parents die. Otherwise you don't have any aspirations to sell to young people and that's not a great condition for peace.
It will be conglomerate banks taking these homes out of their hands. And they won't be retuning them for sale on the market either.
The problem is other rich will buy it and no one gets it
"The town was a paradise, & then people with money took over".
How is it a paradise if there are that many homeless and places that need work and have horrible living prices? Rich people invested in the community. Believe it or not all rich people are bad. Some are super smart crafty caring good money sensed people and leaders. Its easy to point but this lady is generating taxes, getting people out of tents, and feeding people. I dont get why she is getting roasted so much ONLY bc of her money.
@@KamikazeNews Khmer-Rouge inspired Lefties (the "Activist" type journalist and increasingly dominant school of thought within the left) don't want that. For them, money is bad. Economy is bad. Taxes are bad. Leaders are bad. The ideal for them are agricultural, self sufficient, independent communes that should exist without any of the above. They don't want growth - they want the economy, industry and governments to crash and thereby force everyone to live the Hippie dream.
Look at this "documentary" - no solutions discussed. Just money bad.
@@computername misery loves company. I have a lot of hippie friends n they ain't even this dumb. New line of hipster or something
@Daniel Sun. It wasn’t paradise here, but housing was affordable. We simply can’t afford to will live here now. I’m a flight attendant (I commute to the airport, and then on a flight to my base), my husband is a firefighter and EMT. Giving to charities doesn’t mean housing remains affordable. I’ve lived here all my life. I’m an incredibly hard worker.
@@nofinn1044 in the past 3 years of living in philly a place that would of cost 800$ now is around 1,100$. Increasing taxes on top spenders will drive spenders away. They have cheaper options. Look at california and how austin texas is absorbing all these companys. It sucks when you live somewhere your whole life and the place feels like its pushing you away. I have that same feeling. Doesnt seem like a state municipality problem, sounds like the banks around you are scumbags
Hard for me to feel bad for people who own a second home when owning a single home is a fleeting dream these days. Tax them!!!
Owning homes isn't just about your income. It is also about how much you save. Your attitude makes me nauseous. Instead of working hard and working towards your own second home, you decide to punish people for being successful by taxing. Makes me sick!!!
Honestly if the taxes go any higher I WILL stop working.
@@Maya23452 a second home is a luxury not something need to be stable. So i don’t have much sympathy for people complaining about paying higher taxes to have their luxury item
I hope I’m not coming off disrespecting because it’s not my intention and I do 100% agree that saving is very important towards homeownership. I feel like the importance of saving is something that is sadly not talked about but that’s another issue that needs to be talked about
Just don’t buy a second home lol 😂
@@Maya23452 oh gee, we’re gonna miss you in the working force oh so much.
I grew up in southwest Colorado. I've worked many jobs, sometimes 4 or more at a time just to pay rent. I've seen the cost of living rise and rise and rise. Moving to the city was affordable for 1 year before weed was legalized and the boom started. I've been lucky. Every time increasing my wage by what felt like tooth and nail effort. Only to be just behind what I needed to make for the market to consider me above the poverty line. It's sickening now that I make "enough" after decades of work that it's still not ENOUGH to buy a place to call my own and be free from the outlandish greed that has taken hold of the state I grew up in. I am saddened by what has happened to our society in the name of "progress" as piles of homeless encampments encircle the less traveled areas. Moreso by the dirty jobs in which I had no choice but to be part of clearing them out for a coin.
I'm not giving up on my own place, I might make it, but I know many won't. For no reason other than greed. These property "values" are proprietary at best. Playing the game with what I can get. I hope it changes for the better.
BTW, this is hardly a small town problem. I live in an outlying suburb of LA where housing prices have soared since the start of the pandemic. People are flocking here because they realize they don't have to live in urban LA anymore and want some breathing room. These well-meaning people who are only searching for a better life are elbowing out the workers and driving up rents. This is an American problem not just a small town one.
Same here in Ontario, with people moving out of the suburbs of Toronto to small towns and cottage country. Places are going for over $100,000+ the asking price because of bidding wars. Home ownership is becoming a fever dream for young adults
@Nejra Kravic Torrance
“Adding taxes on second homes, sounds divisive” yeah okay, pal.
Know what else is divisive? Owning a second home for you to come visit maybe a couple weeks out of the year while local residents remain homeless.
@@browncatwithblurredbackgro2461 it’s supposed to discourage rich assholes from buying a second house somewhere they don’t even live.
@@browncatwithblurredbackgro2461 wanting a vacation house shouldn’t exist with the amount of homeless people going in this country
@@Gabagool93 thats punishment for the successful... I'm no advocate for the rich douche bags mind you, but I'm not into punishing those who have either worked hard to be successful or used their minds to become rich. They earned it, they have a right to spend it as they want ( legally )
*Divisive. :) But I agree with your point. :)
@@BrooklynNY1979 why is the idea of not having a vacation home necessarily punishing success? If the second house culture changed to rent a nice place for a couple weeks a year culture, people wouldn't feel 'punished'. I'm not against second homes I'm just saying putting measures in to help more people get to a minimum standard and quality of life, shouldn't be seen as a flat punishment.
I HATE that corporations are buying up homes in the US
Wouldn't that be ideal if you and your friends created a corporation in order to purchase that home to store wealth?
It should be illegal, Zillow and Airbnb.
@@Bambledamble Wait... Isn't that what REIT's are for?
...
and isn't this thread about complaining about REITs?
@@hypothalapotamus5293 REIT’s are generally commercial investments. but the likes of Black Rock and the remaining Koch Brother are in residential rental business : read corporate slumlord
Well...good thing our laws don't adhere to your emotional immaturity. When property is sold, there isn't a caveat to who gets to buy it. And, what is a corporation? A business that legally isn't tied to your personal wealth. I had a corporation. I had one employee. Should that status make it so I can't buy investment property? No.
I was born and raised in a mountain town close to Crested Butte. Those of us who made what the community is today, can no longer afford to live in our own hometown. We despise people like this lady bragging about trying to help a problem that she created in the first place. It’s fine if you want to move to towns like this, but locals need to come first. Period.
Company owned housing. Read US history, we already had this. It ruined West Virginia, southern Ohio and parts of KY. They even wrote a song about it.
Next they will start paying their workers in cash only allowed in company-owned stores and the Gen Z'ers with ZERO historical knowledge will think it's revolutionary.
The return of the Company Town.
The truest words spoken, those who don’t learn from the past are doomed to repeat it.
They stopped teaching history in schools because no government will teach you how to replace it.
Get Z will turn their whole lives over to corporations and thank them for the privilege.
They never knew hard times so they don’t appreciate how well we have/had it.
I haven't heard anything lately on the story out of Nevada where they are allowing corporations to buy up whole towns and run them as corporate municipalities. How do you have a fair court if its run by a possible employer?
“I owe my soul to the company store” it’s like that song sixteen tons
The pizza owner that said she'd sell if they put a tax on second homes saying it like a threat.... lady, that's the point. You sell, and someone who is now renting can then buy it. If every second home owner sells, then the housing shortage isn't as bad as it currently is.
I thought that was pretty funny too. She is loath to sell for it is a rare asset which cash flows fabulously and goes up 38%/yr.
She also says she only needs to rent it out for a week to cover the mortgage payment while claiming she’d be forced to sell if the taxes on it were raised which doesn’t add up
@shadowsandlight The issue in the town is that the median home price is near or over a million dollars. If she’s forced to sell, it won’t be to locals but rather someone even wealthier that won’t feel the tax.
those renters cant afford it either. and the renters are only there seasonally. because that town is only thriving certain parts of the year. and then everyone goes somewhere else.
@@AntonioRivera28 Of course the renters can't afford $800/night peak season. But if she had to sell it would cash flow less, thus lowering the price which directly addresses the problem. Nothing wrong with her building an empire in this town, I used to envy them, but the inequity here is pretty tragic. As I quickly learned, CB is amazing most of the year, but being homeless all winter then camping out for "mud season" will drive most away.
The restaurant owner tries to portray herself as a saint for building a work camp for her employees. The fact is without it she would face a serious labor shortage and would not be able to staff her businesses.
Philanthropy is always a cloak for their own preservation. The only billionaire I respect is Chuck Feeney. He has given away nearly 8 billion dollars, and only kept 2 million for his wife (He's given away 375,000% of his net worth). Isn't abusing the charity loophole. Plus he did this all anonymously.
Exactly, she's doing it because otherwise her business couldn't function and she would lose thousands. I bet she holds it over their heads too. Fake "cool" bosses like this are awful, in some ways worse than ones who are just assholes.
She didn't try to hide that bruh lol. Its not her fault for a lack of housing though.
Vice could have dug deeper and tried to get a tour of the staff housing.
She’s a handful. Cougar anyone?
I don’t even understand how any of this is okay….. I’m trying to grow up and be something, this destroys every bit of hope I have in this world.
The clip with those second homeowners making their case was weak AF. I like how the pizza parlor owner is against the second home tax because she would have to sell her second home that helps make her the entire mortgage payment within a week each month and the rest for her is gravy. Great argument! “Don’t tax my golden goose, I’m not part of the problem, and listen to all the smart CEO’s and people who want to help!”
Living in the valley for 31 years, I’ve seen the decline happen. The town doesn’t want the workforce living in the same town. CB had multiple chances to annex land that would’ve created more housing, but said no. New Crested Butte is full of clueless city folk, that won’t last but a few years.
That’s amazing. Where do you see things going next?
We can only hope they leave. If not, there’s always that other thing.
And THIS is why "growth" in a small town is rarely a good thing- costs for everything skyrocket, a small older house that used to go for $60,000 then becomes insanely unaffordable at $500,000 or a million, city water/sewer/gas etc built to serve say 1,000 residents suddenly all has to be upgraded to accomodate another 1,000 and that costs MILLIONS.
In my town of 1,700 there's no jobs, yet the town wants families to move here and built a new pool to replace the old one to "attract" families LOL! nobody is going to move here without a JOB for the two working people in the family. Some busybody idiot from the state economics board or whatever it was came in and told the water dept they needed to charge more for water to cover costs, so our water bills increased. Then he suggested owners of stores around the city park that have a vacant upper floor should consider renting them out for apartments LOL!!
There's a number of houses for sale here cheap, there's no shortage, it's just that people want a 3,000 sq ft modern house, not a 900 or 1,000 sq ft house built in 1920.
Like again, NO JOBS, nobody wants to rent an apartment here and drive 40 miles to work each way, and then as a store/business owner would you REALLY want to risk your mom/pop business and income renting to an unstairs tenant who might fall asleep with a cigarette or turn on a space heater too close to the sofa and start a fire, or overflow the bathtub and either way destroy your business and building?
I know I would not take that risk, I'll use the upper floor for storage or something else
I bought my 2 bedroom 1930 farmhouse on 1/2 acre of land in 1998 for $7,900, when I got a job here working in a trade, and moved from the West coast, so there's cheap housing, cheap living all over the MidWest, you just have to do your research. I'm 23 years with the same employer, I could live nicely here on as little as $600 a month if I had to.
@@blanknone5408 (read in German accent)Are you suggesting an organized and systematic......
Then a fresh crop of city idiots will be there. I used to live near Conifer. Every spring, we'd get a crop of city morons who loved the wildflowers and wildlife. Then they'd go thru a winter. For sale signs would crop up each spring. Nevada
She ain’t a hippie she’s also highly leveraged you can tell by the way she talks
What does highly leveraged mean?
@@qbconnect Her assets have been purchased using mostly debt or loans
@@andrewferguson5992 and those loans are based on the revenue stream prior to talk of higher taxes.
@@andrewferguson5992
I would guess it's family money to be fair
to the hilt!
Alot of people are living tiny in their renovated vans, SUVs, etc., and make them cute and livable.
This makes me want to cry. We’ve truly failed the young people of this country
Hi, don't limit yourself.
We have failed every generation.
It's hard out there for a pimp
“We”
@@ShermThursby not boomers. They hold most of the wealth.
Hey 😊 as someone in my 20s who most likely will never own a home (unless I inherit my parents) it just feels good to be seen. Everyone just blames us and said we should have made better choices. I didn’t choose this market. So thank you ❤️
Environmentally this kind of thing strains natural resources of these small towns, and ruins the very thing that made them beautiful. Our coasts have been ruined the same way - Cape Cod, Woods Hole, Key West, all those areas lost character. People push into mountain areas and then want bears and cougars killed; want their strip malls.
Agreed
Good point on the wildlife. That's why there isn't much in Europe
Yup!
This was hard to watch for so many reasons…
frig, this was painful.
Right
I live in the valley and see this every single day. Telluride, the same. It is indeed quite sad
don't worry, be happy
ruclips.net/video/WqVqPyTOdnw/видео.html
Dont feel guilty for living your life change happens it's that most people 55-60 plus struggle to deal with change and they are wealthiest generation in history and very very entitled
IN SHORT CHANGE HAPPENS GET USED TO IT PEOPLE
She isn't subsidizing her employees so they can live there.. she is running her business.