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Haven’t been to Aspen, what I’ve seen in Europe though is that the locals either own the establishments, work there or are friends with owners and typically eit
by harha 2y ago
Haven’t been to Aspen, what I’ve seen in Europe though is that the locals either own the establishments, work there or are friends with owners and typically either earn in line with the high prices or get preferential treatment from the owners. No need for the complexity of a tax and intervention when people can figure it out themselves.
- DemocracyFTW2 2y agoUnfortunately this is neither true for the island of Sylt and it's not true for the city of Berlin, either. Locals do get priced out, apart from the lucky few who—most of the time—own property that they can either survive in or profit from (your own apartment w/o rent hikes and/or your 2nd apartment that you do hike the rent of). The workforce is mostly sourced from younger, cheaper, more mobile folks who can better put up with more work, more shared living spaces that are further away or more expensive and so on. When owners get old and property prices are constantly rising they will likely sell at some point to start over somewhere else or retire, and when that happens, it's as a matter of course, more or less over for the local folks because then the egregious property price as to be amortized by driving up rents no matter what. After WW2 the population of Sylt was predominantly 'indigenous' (families who've been living there forever). Today, almost nobody who was born on the island still lives there, and nobody who lives there (for a few weeks per year) as any relation to the island (except using it to hang out every now and then). In Berlin it's not quite that bad but the satirical person in me wants to add, in an optimistic fashion, "we're getting there!"