Vail Daily letter: ‘Yes’ on 1A
October 20, 2016
We were able to buy our single-family home in Eagle without any government help, so you might wonder why we are voting "yes" on 1A. We feel very fortunate to have been able to stretch ourselves to buy our first condo in Eagle Ranch in 2005 and then sell it to earn enough equity to purchase a single-family home that we currently live in with our family. American dream, right? We did it without any help, so you should be able to if you work hard enough, right? Probably not. Real estate prices have gone up much more quickly than wages over the past 10 years in Eagle County. People that are ready to buy their first homes today are paying rent that is much higher than rent we paid before we bought our first home, making it harder to save a down payment. They also have student loans and are facing tougher hurdles to qualify for a mortgage.
We support 1A because we know it will keep local families here. It will keep our kids' classmates in our schools and allow their parents time to volunteer in the community or have dinner with their families instead of working a second (or third) job. We support 1A because having a vibrant community will help to ensure that we can sell our home in the future for more than we paid for it. We support 1A because we think three cents on a $10 purchase is a fair price to pay, knowing that visitors to our beautiful community are also paying their share.
We support 1A and we urge you to join us.