The State That Could Fix the Housing Crisis
In 2015, a physical therapist named Nathan Dugan moved to Whitefish, Montana, and fell in love with the place. How could you not? The glaciers, the pine air, the small-town feel. Whitefish was always expensive: When he first got there, Dugan camped on and off for a month before he found an affordable home. But it got far more expensive during the pandemic, when wealthy retirees and digital nomads flooded the tiny town’s tiny housing market. Out-of-staters were making cash offers on homes, sight unseen. Airbnbs started going for Bay Area prices. Rentals dried up. This has become a familiar story across America, where the housing crisis has gotten so severe that even rural communities in northern Montana are feeling the pinch. (See full article here)