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How the ‘Yellowstone effect’ transformed one rugged western American city

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An aqua-blue river runs through a valley surrounded by pine trees and rocky mountains

The airport – with a renovation under way – gets a steady stream of private traffic ferrying the rich to their homes at places like the exclusive Yellowstone Club in Big Sky, about an hour south, where stars like Justin Timberlake and Tom Brady own multi-million-dollar piles.

“Any given day out at our airport, there will be 80 to 100 private jets on the tarmac, primarily Yellowstone Club guests,” says Corner.

During Covid, local buyers were systematically outbid by cash offers from out of state. So many people bought homes sight-unseen that the state realtor association added a new disclosure form to its contract library. And while Montanans were finding it impossible to get onto the property ladder, others were finding it equally unfeasible to even still rent.

“Every developer in America heard about the exorbitant rental rates in Bozeman and how attractive it was to develop here,” Corner says. Apartment blocks and townhomes began materialising everywhere – fast – with rent for one-bedrooms coming in at $2000 a month or more – something no locals could afford, particularly those on single incomes.

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It was on this wave of frustration that Mayor Morrison swept to victory in November 2023.

Now 30, the mayor lives with his fiancée – and two roommates. Before that, about 10 years ago, he rented a room in a duplex for $333; that same room now rents for $900, he says.

Morrison, who grew up in eastern Montana with a nurse mother and incarcerated father, was a founding member of Bozeman Tenants United, the union chapter that has since helped the mobile home parks strike. His mayoral election, he says, was a referendum on housing policy and local government’s perceived abandonment of the average Montanan.

“It really was this huge groundswell… that was clearly saying: We want one of us to represent us in City Hall,” he says.

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He sees “a lot of hopelessness out there for the ability to stay in this state, stay in this city in particular,” he says.

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Nvidia, Challenged by Apple, Narrowly Retains Wall Street’s Crown

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Nvidia, Challenged by Apple, Narrowly Retains Wall Street’s Crown

Nvidia, Challenged by Apple, Narrowly Retains Wall Street’s Crown

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Andrew and Tristan Tate arrested in Miami on UK extradition request

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Andrew and Tristan Tate arrested in Miami on UK extradition request

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Politics And The Markets 07/19/26

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day.

Please don’t leave political comments on other articles or posts on the site.

The comments below are not regulated with the same rigor as the rest of the site, and this is an ‘enter at your own risk’ area as discussion can get very heated. If you can’t stand the heat… you know what they say…

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For any issue with regards to comments please email us at : moderation@seekingalpha.com.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Nvidia Narrowly Holds Off Apple to Keep World’s Most Valuable Company Title

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Nvidia’s Biggest Threat Isn’t AMD—It’s Its Own Best Customers

Nvidia Narrowly Holds Off Apple to Keep World’s Most Valuable Company Title

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Johnson Controls Stock: Growth High Data Center Demand Technical Concerns Loom (NYSE:JCI)

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Johnson Controls Stock: Growth High Data Center Demand Technical Concerns Loom (NYSE:JCI)

This article was written by

David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). David is not a registered investment adviser. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions, and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Stocks to Watch Recap: Intel, Netflix, SpaceX, Burberry

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Netflix shares fell sharply Friday.

Stocks to Watch Recap: Intel, Netflix, SpaceX, Burberry

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AppLovin: Outstanding Fundamentals, Still An Undervalued Growth Story

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AppLovin: Outstanding Fundamentals, Still An Undervalued Growth Story

AppLovin: Outstanding Fundamentals, Still An Undervalued Growth Story

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How SpaceX Stock Became a Short-Seller Favorite

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How SpaceX Stock Became a Short-Seller Favorite

How SpaceX Stock Became a Short-Seller Favorite

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The Bottom Fishing Club – Mattel Stock: Stronger Upside Than Street Expects (NASDAQ:MAT)

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The Bottom Fishing Club - Mattel Stock: Stronger Upside Than Street Expects (NASDAQ:MAT)

This article was written by

Nationally ranked stock picker for 30+ years. Victory Formation and Bottom Fishing Club quant-sort pioneer…..Paul Franke is a private investor and speculator with 39 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during the 1990s. Mr. Franke was ranked #1 in the Motley Fool® CAPS stock picking contest during parts of 2008 and 2009, out of 60,000+ portfolios. Mr. Franke was Director of Research at Quantemonics Investing® from 2010-13, running several model portfolios on the Covestor.com mirror platform (including the least volatile, lowest beta, fully-invested equity portfolio on the site). As of April 2026, he was ranked in the Top 4% of bloggers by TipRanks® for 12-month stock picking performance on suggestions made over the last five years.A contrarian stock selection style crossed with daily algorithm analysis of fundamental and technical data have been developed into a system for finding stocks, nicknamed the “Victory Formation.” Supply/demand imbalances signaled by specific stock price and volume movements are a critical part of this formula for success. Mr. Franke suggests investors use 10% or 20% stop-loss levels on individual choices and a diversified approach of owning at least 50 well positioned favorites to achieve regular stock market outperformance. “Bottom Fishing Club” articles focus on deep value candidates or stocks experiencing a major reversal in technical momentum to the upside. “Volume Breakout Report” articles discuss positive trend changes backed by strong price and volume trading action.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MAT, DIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

All opinions expressed herein are not investment recommendations and are not meant to be relied upon in investment decisions. The author is not acting in an investment advisor capacity and is not a registered investment advisor. The author recommends investors consult a qualified investment advisor before making any trade. Any projections, market outlooks, or estimates herein are forward-looking statements based upon certain assumptions that should not be construed as indicative of actual events that will occur. This article is not an investment research report but an opinion written at a point in time. The author’s opinions expressed herein address only a small cross-section of data related to an investment in securities mentioned. Any analysis presented is based on incomplete information and is limited in scope and accuracy. The information and data in this article are obtained from sources believed to be reliable, but their accuracy and completeness are not guaranteed. The author expressly disclaims all liability for errors and omissions in the service and for the use or interpretation by others of information contained herein. Any and all opinions, estimates, and conclusions are based on the author’s best judgment at the time of publication and are subject to change without notice. The author undertakes no obligation to correct, update, or revise the information in this document or to otherwise provide any additional materials. Past performance is no guarantee of future returns.

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Please consider this article a first step in your due diligence process. Consulting with a registered and experienced investment advisor is recommended before making any trade.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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LyondellBasell: The Iran Conflict Has Interrupted The Evolution Process (Rating Upgrade)

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LyondellBasell: The Iran Conflict Has Interrupted The Evolution Process (Rating Upgrade)

LyondellBasell: The Iran Conflict Has Interrupted The Evolution Process (Rating Upgrade)

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