Martha’s Vineyard is being gutted by skyrocketing housing costs. Yes, you should care.
www.motherjones.com
The fight for affordable year-round housing in this elite summer destination offers lessons for dealing with a national crisis.

Resort towns face an exaggerated version of this crisis. Havens beset by the 1 percent—like Jackson Hole, Wyoming; Vail and Aspen, Colorado; and Nantucket, Provincetown, and the Vineyard in Massachusetts—have seen working- and middle-class housing disappear. Seasonal rental properties, including Airbnbs, often cannibalize the market. In one extreme case, Boston-area investor David Malm has spent nearly $100 million since 2021 buying up properties on the Vineyard and Nantucket, including a house in Edgartown that he rents for $45,000 per week.