Aspen's Impossible Math | AspenTimes.com
NOTEWORTHY Jenny Stuber University of California Press, 2021 Paradox and contradiction are at the heart of social life and, consequently, of keen interest to sociologists like me. The tensions and contradictions that run through Aspen can be illustrated with a simple question: How is it possible for a town to exist where the median household income is about $73,000, but the median home price is about $4 million? Conventional wisdom among financial advisors is that a household earning $73,000 per year can reasonably afford a home in the $225,000–$325,000 price range—not the $4 million pri...
Source: aspentimes.com