Aspen and the American Dream: How One Town Manages Inequality in the Era of Supergentrification by Jenny Stuber
Requirements: .PDF reader, 15 MB
Overview: 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.
Genre: Non-Fiction > Educational
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