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Aspen and the American Dream: How One Town Manages Inequality in the Era of Supergentrification

Aspen and the American Dream: How One Town Manages Inequality in the Era of Supergentrification

Hardcover

Business GeneralGeneral Sociology

ISBN10: 0520306597
ISBN13: 9780520306592
Publisher: Univ Of California Pr
Published: Mar 23 2021
Pages: 304
Weight: 1.20
Height: 1.00 Width: 6.20 Depth: 9.10
Language: English

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 $4,000,000? Boring into the impossible math of Aspen, Colorado, Stuber explores how middle-class people have found a way to live in this supergentrified town. Interviewing a range of residents, policymakers, and officials, Stuber shows that what resolves the math equation between incomes and home values in Aspen, Colorado--the X-factor that makes middle-class life possible--is the careful orchestration of diverse class interests within local politics and the community. She explores how this is achieved through a highly regulatory and extractive land use code that provides symbolic and material value to highly affluent investors and part-year residents, as well as less-affluent locals, many of whom benefit from an array of subsidies--including an extensive affordable housing program--that redistribute economic resources in ways that make it possible for middle-class residents to live there.

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General Sociology