Mammoth Lakes in 2011
A condominium sold for a median of $242,000 — $355,646 in today’s money, 55% below where it stands now. The Mammoth Times ran 1 story we can still read.
What happened
- Snow2010-11 season - 669 inches, prior all-time record
Mammoth Mountain reported a season total of about 668.5 inches at Main Lodge.
Mammoth Mountain official snowfall history → - Town governmentJudgment uncertainty pushes buyers to the sideline
With the appeals court upholding the Hot Creek decision and settlement talks conducted privately, buyers waited for a resolution.
Buyers appear to be moving to the sideline for a variety of reasons; anticipation of more foreclosures, general economic woes
Paul Oster Broker Report → - Town governmentTown TOT letter and nightly-rental crackdown
The Town mailed owners a letter on TOT collection and penalties, added a seller disclosure of transient-rental zones and an anonymous hotline, then pursued owners marketing homes in zones where nightly rental is prohibited.
the “non-permitted” use is accelerating the loss of real estate values in this segment of the market.
Paul Oster Broker Report → - Earthquake & volcanoRenewed slow inflation of the Long Valley resurgent dome begins
Slow inflation resumed in late 2011 at roughly one inch per year with renewed swarm seismicity; modeled as a magma reservoir about 7 km deep inflating around 6 million cubic metres per year through 2014. Extension rate was about a tenth of the 1997 peak.
USGS Publications Warehouse / Earth and Planetary Science Letters →
What the paper was writing about
Headlines only, linked to the Mammoth Times. We read the Internet Archive’s copies and cite the paper; the words are theirs.
The ground
29 recorded earthquakes of magnitude 2.5 or greater in the Long Valley Caldera, the largest at M4.2.