"It will never be an area most locals on relatively modest wages can afford - but it never was!"
Really ??? Of course it was, I have family members who have lived there throughout my childhood, they had modest incomes and could afford it. They couldn't afford to buy there now however.
It was never a purpose built holiday destination, the history shows that the turning point for St Ives was in 1877, originally a "grit-and-grime" fishing village was transformed to a holiday paradise rapidly because of two main catalysts. Number one being the opening of the branch line to St Ives in 1877, this connected the remote town to wealthy travellers from London, and secondly creative people were captivated by the unique coastal light. Famous artists began moving into the empty, converted fishermen's lofts. This sparked the creative boom in the area.
So, the claim it was never an area the locals could afford isn't actually true. Local people will have done as my ancestors did, moved the whole family to the back of the house and allowed paying guests into their homes and provided bnb for the summer months, the money made in the summer will have kept them afloat through the long hard winter months when the income from fishing and farming was unreliable.
And now, many years later, it's interesting to see that St Ives is seeing more and more people not book holidays there, preferring to find accommodation to both retire to, and to holiday in, in other areas as they feel St Ives is just too busy now.