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Those low margin businesses stay low margin, but with higher prices to reflect their higher costs. I don't know of any city in the world that doesn't have a hai
by JimmyAustin 4y ago
Those low margin businesses stay low margin, but with higher prices to reflect their higher costs. I don't know of any city in the world that doesn't have a hairdresser, even if it's expensive (and in that case it's proportionate to the rent).
- vkou 4y agoThere are towns that don't have hairdressers. Think ski resort towns full of million dollar winter dachas that ban poor people housing, ending up full of vacationing millionaires who are wondering why the four-star steakhouse is now only open three days a week. (It's because nobody working there can afford to live in town. And because the vacationers are, for some reason, unwilling to man the grill. Or pay $120 for a steak.)
- xapata 4y ago> unwilling to ... pay $120 for a steak That's surprising. I see $120 steaks on the menu in Las Vegas restaurants. Why not at the ski resort? > million dollar winter dachas Perhaps because the alternative to a $120 restaurant steak is buying nice groceries and cooking at the dacha?
- vkou 4y ago> That's surprising. I see $120 steaks on the menu in Las Vegas restaurants. Why not at the ski resort? Dunno, but if you've figured out why, you should get in touch with the guys in this article. https://www.outsideonline.com/culture/essays-culture/how-to-save-a-ski-town-west-tourism-economy/ https://www.outsideonline.com/culture/essays-culture/how-to-...
- zamnos 4y agoThe problem isn't ski resorts per se, it's that Crested Butte, CO isn't Aspen, where they do have $145 steakhouses. People who like to ski/snowboard aren't all millionaires who don't mind paying $145 for steak and are only renting a place for a week via AirBNB and the lift passes are expensive these days. Give Crested Butte time to gentrify (no one goes to Aspen any more, there are too many people there) and things should top out. More expensive than it was before, but hey, inflation.
- xapata 4y ago> Give ... time That's, I think, the heart of these economic dislocation problems. The destination is fine, but the transition is painful.