A real estate startup that has sparked controversy in other resort communities has landed in Jackson Hole. Some Jacksonites are worried.
“I am very concerned about it,” Jackson Vice Mayor Arne Jorgensen said. “It’s another mechanism that puts upward pressure on our market, and that’s not good for community housing.”
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Arne Jorgensen
COURTESY PHOTO
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This is a shot of the $9.5 million home Pacaso bought on East Gros Ventre Butte.
AARON KRAFT / COURTESY PHOTO
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Matt Faupel
COURTESY PHOTO
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(1) comment
There should be no "low wage" jobs in a town where employees are very much in demand. The government shouldn't step in and provide housing for rich people's employees. The real estate transfer tax will quickly move from "taxing the rich" to taxing everyone. Better to keep government out of the equation and let rich people pay what it really costs to get their house cleaned or their yard mowed.
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