New Books In The American West

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? In Aspen and the American Dream: How One Town Manages Inequality in the Era of Supergentrification (U Chicago Press, 2021), Dr. Jenny Stuber digs into the "impossible" math of Aspen, Colorado by exploring 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 extensiv