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WhileTrueIQ-- t1_j8n7hzs wrote

Reply to comment by GrilledSpamSteaks in How Vermont’s Housing Crisis Got So Bad by punkthesystem

Don’t you think this issue is particularly acute in Vermont? And it seems pretty obvious that there are other reasons at play, many of which are pointed out in the article. I’m not disagreeing with your sentiment at all, but shadowy hedge funds are not the only villain here.

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GrilledSpamSteaks t1_j8neefu wrote

I think housing is a problem everywhere. I also think the author focuses on the Burlington area appears to hope you won’t bother following the links in their story.

For instance: “That’s why Vermont now was the most expensive in-state college tuition of all 50 states, at more than $30,000 per year.” has a link in the middle of the sentence. Follow the link and the top of the page says: “Vermont has the highest average yearly in-state tuition of $17,083 at public institutions.” Scroll to Vermont section of that page and you get “The total cost of attendance at an average public 4-year institution is $29,665 for in-state students.”

I followed the one link chosen at random and it showed the author was in error about the numbers. That says the rest of the data in the article is suspect which means their conclusions are, at best, based in bad data. I also think they drifted all over the place rather than making a case about housing.

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Trajikbpm t1_j8nf5yd wrote

Vermont is not special in these ways and actually a lot of what people cry about on this reddit statistics show we aren't even the worse by far. Doesn't mean it's not bad tho...

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Vermonter_Here t1_j8nvquz wrote

It literally is special, though. Vermont has the highest per-capita number of people attempting to purchase property of any state. Source.

Per the source, it isn't even close. We're 10 full percentage points higher than the runner-up (Oregon).

The housing crisis is impacting the entire country, and yet it is measurably impacting Vermont worse than any other state. Anecdotally, my wife and I experienced this first hand. We attempted to buy a house last year, having saved up a healthy sum for a down payment, and receiving full pre-approval for a loan that put most homes on the market in reach. Unfortunately, the very fact that we needed a loan was essentially disqualifying. Vermont's market is currently so over-saturated, that every single home received a cash offer, and the cash always won instead of financing.

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Trajikbpm t1_j8nwrvm wrote

That article was posted awhile back and its useless. It ls based on people using a moving company. I'm not denying people are rushing here in droves but Here's another

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Vermonter_Here t1_j8nzlqq wrote

The one you linked used absolute number of people, not people per capita. The result is that it's essentially a list of states according to their population size, split into states with net population loss and gain. That's why the top four "loss" states are 4/6 of the largest-population states, and the top two "gain" states are the remaining 2/6.

The article I linked is one month old, and is an analysis of the entire previous year. It also normalizes the data per-capita, rather than just giving absolute numbers.

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Vermontess t1_j8r34uj wrote

The source you cited also ranks VT as the 30th in the nation by uhaul movers. Its garbage data as stated elsewhere.

https://vermontbiz.com/news/2023/january/04/vermont-falls-30th-u-haul-rank-moving-destinations

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Vermonter_Here t1_j96nooc wrote

I've seen that study, too. As the article mentions, it's possible the discrepancy is a result of demographics--i.e., people who can't afford to hire movers are more likely to rent a uhaul, which means the uhaul data will be weighted more heavily in favor of states that people with less money are likely to move to.

Unfortunately, all this data is proprietary, either owned by uhaul, or united van lines. I'm not aware of any independent researchers gathering broad, normalized market data on this. I'd be very interested to see it, if it's out there.

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Trajikbpm t1_j8nx0t1 wrote

But no doubt there's a problem a big one

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