Recent comments in /f/vermont

No-Ganache7168 t1_j5pi3fy wrote

When we moved from NY 21 years ago we settled in a small town that was considered the ugly stepsister of the surrounding ski towns. Houses would sit on the market for months or years. We got a good deal on a basic 3 bedroom/ 2 bath farmhouse. Fast forward and now that only the ultra rich can afford to buy in the more expensive towns, our town has been discovered by Airbnb investors and rich second home seekers. There hasn’t been an affordable home on the market in ages and there are fewer than 10 homes listed for sale. It’s crazy how unaffordable working class towns have become.

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JoeKnotbush t1_j5perau wrote

This is my neighbors house... It's not a bad house necessarily, the new "owners" are looking for a flip. They cleaned up the yard from the previous owner, a mason who had piles of rock and brick everywhere. It's a nice spot but right on Route 30 and kind of loud. I think a year ago that house was listing for over 325,000...

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edit: I moved to Whitefish, MT in 2001 lived for a year and couldn't afford it being a ski bum, moved back to VT in 2004, took 12 years before we could really find anything affordable, and my salary increased enough to buy anything around Addison County. Good Luck! (and i don't mean that sarcastically!)

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JoeKnotbush t1_j5pebn7 wrote

And, Cornwall is like the rich suburb of Middlebury... Nothing in Addison County is gonna be cheap unless it's falling over. Look into outskirt towns on the edge of Rutland County, Leicester, Whiting, Brandon... but even then, we rented in Benson for 7 years before we found something affordable in Sudbury.

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RZRPRINCESS t1_j5paw6i wrote

There are some pretty nice restaurants in the Newport area, it's a beautiful place and much more affordable than the Middlebury area you could probably find something decent up there to buy or rent. Stowe (for work) is an option Lamoille county might offer some better rental opportunities, they are building apartments in Morrisville.

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NevilleTheCactus t1_j5p9p3v wrote

I mean this nicely, but it does not sound like you are financially ready to purchase a home. You should work on increasing your savings, and either making more money or budgeting in a way that you aren't left with "barely anything" at the end of the month before you think about buying. Highly recommend checking out r/personalfinance

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Jerry_Williams69 t1_j5p9gbs wrote

Same thing is happening in Southern Michigan. When we sold our house in Michigan, we had 41 walkthroughs and 14 offers in 36 hours. Sold our house for $50,000 over $300,000 list. We paid $224,000 for the place in 2015 and did not do a ton to the place. It listed again last year for $405,000. Oh, and the ground water was polluted with PFAS.

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