The Wall Street Journal

Wealthy holiday spots fight to free up homes for locals

Wealthy holiday spots fight to free up homes for locals
Vail in Colorado is famous for its skiing facilities. (Image: Depositphotos)
The Wall Street Journal
By Fred A. Bernstein At first, the two towns seem to have little in common: Vail, Colorado, a ski-resort community two hours west of Denver, is bisected by Interstate 70, while Nantucket, Massachusetts, an island off Cape Cod, is reachable only by boat or plane. But Vail, at an average elevation of 8,150 feet, is surrounded by the White River National Forest. “We might as well be an island,” says George Ruther, Vail's housing director, who is charged with finding places for middle-class workers – including t...

More World

Transylvania's last Saxons revive its stunning ghost villages
Travel

Transylvania's last Saxons revive its stunning ghost villages

They fled Romania's communist dictator. Decades later, they've come home.

Australia plans tech-platform charge to shore up news media
Media

Australia plans tech-platform charge to shore up news media

Govt to levy platforms that do not have agreements with local news publishers. 

RBA watching for tariff war
Trade

RBA watching for tariff war

Australia likely to escape US tariffs because of trade deficit. 

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.