As appeared in the Mammoth Real Estate Times, early Summer 1999 edition. I enjoyed your column last month and your perspective on the supply and demand of real estate here in Mammoth. I can certainly see why prices are going up. Rents too are greatly influenced by supply and demand.
Rents are up from the past few years but nothing dramatic yet.
So let's look at the supply and demand factors that are driving this segment of the local real estate market. First the demand characteristics. Mammoth experiences a typical ski resort demand cycle-lots of young, seasonal workers need housing for the winter. Normally they only spend the winter but with college courses now available to them, more are sticking around for the year. Mammoth has also become a popular and busy summer resort, so the need for employees in summer is becoming more balanced to the winter.