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Aspen and the American Dream - How One Town Manages Inequality in the Era of Supergentrification (Hardcover)
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Aspen and the American Dream - How One Town Manages Inequality in the Era of Supergentrification (Hardcover)
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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. Stuber further examines how Latinos, who provide much of the
service work in Aspen and who tend to live outside the town, fit
into the social geography of one of the most unequal places in the
country. Overall, Stuber argues that the Aspen's ability to balance
the interests of its diverse class constituencies is not a foregone
conclusion; rather, it is the result of efforts by local
stakeholders-citizens, government, developers, and vacationers-to
preserve the town's unique feel and value, and "keep Aspen, Aspen"
in all its complex dynamics.
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