Recent comments in /f/vermont

SmoothSlavperator t1_jcyeh0r wrote

Skip ahead a few years. Its the post war era.

The stone industry contracted and VT heavily resisted infrastructure upgrades to allow other industry to fill the vacuum (Interstate 92 anyone?). Skip ahead a few decades and we have a brain-drain problem since anyone with a skillset leaves to regions that offer jobs in the skillset. You can't open a business without importing your own employees since none of the locals have the skillsets to be employed and you're stuck in a death spiral of strip malls and dollar stores that looks more like the midwest than new england. Burlington only survives because it has the captive-college thing the Boston has going on but like Boston, the cost of living is going to drive grads out but with a smaller population, it will be less fault-tolerant. The church street derelicts are just the beginning.

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SVTer t1_jcyco63 wrote

Just need to look at places like Jackson and Telluride. Resort towns will only get more expensive and elite. Those that actually depend on local jobs and wages will be pushed to low income regional hubs (Barre, Newport, Springfield, etc). Land and homesteads are quickly becoming out of reach for Vermont wages hence all the talk around the state about “developing downtowns”.

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vttale t1_jcya08o wrote

I don't know whether you're right or wrong, yet it has to be observed that you start out with an unproven assertion, that Vermont needs to grow. While continual growth is the mantra of one branch of economics, it is also questioned by other economists as not necessarily being a necessary foundational principal of a healthy society.

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Northwoods01 t1_jcy9gy3 wrote

Reply to comment by Surfiswhereufindit in I see a pattern... by Trajikbpm

We got here because the previous seasonal wealthy have bought our politicians, and in many cases actually run for office after moving here. Many or our local representatives are out of touch hipsters who simply pretend to care about blue-collar Vermonters while simultaneously hurting them with policy. "Let them eat cake" has become "Make them buy Teslas".

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SmoothSlavperator t1_jcy5y1c wrote

401K is still a good deal. You're getting free money from your employer because they match. If they don't go find another employer.

Make sure you have a good advisor and remember everything is on a boom and bust cycle. When you're in your early 20's max out whatever you're allowed to put in and put it in aggressive funds. As you get older, you pivot toward conservative funds.

What gets people is they kind of set their 401 up and forget about it and if retirement comes during a bust cycle they get screwed because they didn't shift their funds ahead of time to something that won't take a shit.

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