Where I live, which is along the ocean, boomers who grew up working in local industry are selling for seven figures to vacation home owners because they can’t s

Where I live, which is along the ocean, boomers who grew up working in local industry are selling for seven figures to vacation home owners because they can’t say no to the money. So what was - one generation ago - a place where summer visitors would mingle with the locals has become a place where few working people actually live and which is increasingly empty in the cold months. This has taken many hundreds of units of housing off the market for working families. To the point that many restaurants and such house their workers seasonally. And our electrician, plumber et al drive from over an hour inland where they can afford to live (and these people are not hurting). The house across the street from mine - a teardown - is under contract for $1.7MM.