Recent comments in /f/vermont

headgasketidiot t1_j1z2zga wrote

It is not happening at any real scale. Even the pandemic's migration that vt digger called an "explosion" (in my opinion, irresponsibly so) was only a .7% population increase. That is absolutely tiny. Before that, we were seeing a net migration out of the state.

That's not to say it won't happen, but Vermonters talk a lot about the influx of "out-of-staters" moving here anytime housing comes up. Everyone has a story about the house their buddy wanted to buy but some out of stater bought it in all cash sight unseen. Those are investors, not people moving here. It is exceedingly rare for regular families to buy houses in cash sight-unseen.

Investors are buying more than 20% of all SFH on the market. This is an international phenomenon, affecting people from huge cities like London and Vancouver to the towns our delightful little backwater. As wealth inequality reaches increasingly insane levels, large investment firms are looking for more places to deploy their ever-increasing capital, and they are moving more and more of their money into buying property, making housing increasingly unaffordable for regular people.

This is a rent trap. Younger generations are being forced to become lifelong renters, creating a generation of lucrative investments for the largest landlords and screwing over everyone else. When we talk about the influx of out-of-staters, it suits them. It diverts the attention from the real problem. Don't let the rich get away with it while we squabble amongst ourselves fighting over scraps.

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cpujockey t1_j1z2pn6 wrote

that would be pretty groovy.

careful though: taxes will eat you alive, not just with property taxes, but on those sick gainz too.

I'm still shocked about how the vermont subreddit views single family homes and all. folks keep advocating for these huge apartment buildings thinking we have the infrastructure to handle a huge people box and yet the buses don't even run on time. Additionally, single family homes open the opportunity for ownership in more than just owning a POS - you have room to do shit and privacy that comes with that. I know if I was living in an apartment building I'd be evicted for making guitars and all other craft projects I do. No one wants to be smelling my lacquer, nor do they want to hear my power tools at 2 am when creativity strikes.

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MarkVII88 t1_j1z23ac wrote

Vehicle inspections in VT have gotten pretty crazy in the last few years. Certainly makes it harder to keep an older, cheaper car on the road. And I'm sure it's by design. But my big question is, if you're driving an $800 car that failed VT inspection, what the hell are you doing moving to Vermont in the first place? This state is not kind to those who don't have means. And to come from Central NY? I am originally from CNY and I know that it costs much less to live there, in general. You're fighting an uphill battle. Unless you're intentionally living below your means, driving this POS, I'm going to assume that you're probably going to take more $$$ in services from the state than you pay in taxes. Maybe that's the point.

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