‘Affordability … is not there’: Officials worry about rent, housing prices as remote workers, retirees skew income data

The Anatomy of Affordability

President Trump promised to lower prices “day one.” Now he derisively calls affordability a “hoax.” Democrats everywhere, however, are running on it. The post The Anatomy of Affordability first appeared on [your]NEWS.

‘Affordability … is not there’: Officials worry about rent, housing prices as remote workers, retirees skew income data

Summit County’s area median income has risen nearly 40% in the last four years. Local housing officials called that rate of increase “unprecedented,” saying it creates new challenges for a workforce housing system that relies heavily on the federal income measurement to determine who qualifies for units and at what price. “Yet the actual wages aren’t keeping up with that,” said Jay Beckerman, a Breckenridge Town Council member and local business…