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GrilledSpamSteaks t1_j8l1zph wrote

The entire country is in housing crisis. Until companies (who spent billions overpaying for properties in 2019-2020) start off loading these properties at a loss for a tax dodge, the value of homes will stay high. Thanks to the Trump tax cuts, corporations aren’t looking for extensive tax dodges as simple stuff already puts them in a advantageous position.

An internet company offered every home owner around us almost 60% above market value for our homes. 3 people accepted and moved. Their acceptance raised the value of our homes even though there were not major improvements to justify those costs. Until those houses sell at a loss, or are abandoned, or legislation changes current laws, we have to wait for an 80% devaluation of market value to be reassessed.

In short, capitalism boned us and doesn’t look to be reaching around anytime soon.

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[deleted] t1_j8me2yg wrote

And a lot if those same people who move here will use Act 250 any any other permitting roadblocks at their disposal to keep anyone else from building a new home around them as well. I cannot tell you how many times I have witnessed a wealthy person buy up a portion of a farm to build their McMansion and then turn around and sue the same farmer for trying build another smaller house nearby for a family member working that same farm.

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KingKababa t1_j8nhfr6 wrote

How do they throw act 250 at them? I thought the property would already have to be subject to act 250 for it to take effect?

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[deleted] t1_j8nneab wrote

Just because one lot in an area gets approved, does not mean a nearby property meets the same requirements: One property vs. another in the same area may be closer to wetland buffers, river corridors; it might be at a different elevation and lay partially within a floodplain or near a protected watershed or animal habitat... I have even seen development stopped because the new development would block the view of the landscape beyond from existing homes. I have even seen lawsuits where the purchaser of land from a farm sued the farmer afterwards because of the smell of the manure was too unpleasant for them. (As if they didn't know that would be a consideration before they built there!)

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KingKababa t1_j8s4ija wrote

Damn, that's real shitty (hah). Thanks for the explanation!

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SabbathBoiseSabbath t1_j8rpxhn wrote

You're just throwing shit at a wall at this point. People can file lawsuits over anything they want, and unless you somehow completely revamp the judicial system in this country, there's nothing you can do to stop them. You hope that if their case is BS it gets thrown out early by a motion to dismiss or eventually on summary judgment, and that the court awards sanctions or fees, but that still requires a defendant to litigate

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Kiernanstrat t1_j8riepk wrote

I know you said you cannot but could you tell me how many times that actually happened?

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idreamofchickpea t1_j8l4l3x wrote

What is the internet company doing with the homes? +60% is insane.

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GrilledSpamSteaks t1_j8l5cgq wrote

https://www.theverge.com/2021/11/1/22758176/zillow-offers-ibuyer-housing-market-inventory-investors-real-estate

No idea what they plan to do. The 3 they bought in my neighborhood are still empty. We’re expecting the CLA to drop next year since it will finally drop beyond the range of that company’s weird offers, so maybe regional property values will start dropping then.

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idreamofchickpea t1_j8lahkx wrote

Weird that they’re not even renting them out, that would have been my guess. Also weird that no one seems quite sure who is buying up all these houses and why. Who is making all-cash offers all of a sudden if not institutional investors? Thanks for the links.

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suzi-r t1_j8lo0y4 wrote

Some say hedge funds. Some in my area are empty, too. We need our communities back!

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idreamofchickpea t1_j8lp39n wrote

Hedge funds, private equity, investment banks - why all the mystery? Rhetorical, I just wish government gave a single shit about anything other than their endless fundraising.

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suzi-r t1_j8lq3h8 wrote

Yeah, it’s all about the almighty dollar. Can’t wait till the pendulum swings back to better values and strong community for all.

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Pctechguy2003 t1_j8ooyxv wrote

So wait.. as in the house is used simply as a line on an asset page - without generating income? Its one thing to own a $250K house rented at $1500 a month and say “thats a 250K asset producing $1500 a month…” its another thing to buy that same house and say “its a $300K asset” - and let it set empty. Sounds great on paper. But at some point these houses need to get off loaded to produce cash somehow. If nothing else when the boomers die off there will be a housing surplus - one that ‘buying a shit ton of empty houses to inflate prices’ will not be able to fix. If you only have a population of 275 million, but 500 million homes in the country…. Something doesn’t add up.

Sounds like we found ourselves the next Ponzi scheme if thats the case.

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ArkeryStarkery t1_j8n98k1 wrote

It's an investment, just like stocks. A place to park money owned by people who have too much. Except unlike stocks, people who hoard real estate are complicit in an active and ongoing murder of the homeless.

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idreamofchickpea t1_j8nd4a6 wrote

So they function as tax shelters while the investors wait to sell at a profit?

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ArkeryStarkery t1_j8pq9jp wrote

Pretty much! Best thing we can do is tax the fuck out of fully unoccupied homes, imo.

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RandolphCarter15 t1_j8nun8t wrote

I know out of state people who were thinking of buying up houses as investments, and explained to them how obnoxious that was

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idreamofchickpea t1_j8nvc87 wrote

Were they planning to be landlords or wait to sell for more money later? Just curious.

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RandolphCarter15 t1_j8nvh2v wrote

The latter. Basically buying them as stocks to sell when value went up. I'd be all for buying houses to rent out

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WhileTrueIQ-- t1_j8n7hzs wrote

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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Dangerous_Mention_15 t1_j8la82p wrote

Guys, we have to put a stop on development.

I just moved here from NJ following an early retirement from my hedge fund to so that I can live intentionally and raise my three kids (Birch, Beck, and Forest). We have a small 4000 sq ft homestead on ten acres of failed dairy farm in Charlotte. I drive a Volvo EX90 electric, have solar, a tesla power wall, two labs (coco and namaste), 2 llamas, 3 sheep, and just love being green and holistic. My life partner runs a naturopathic clinic treating the underserved.

Shameless plug for my partner, but they/them/flatlander also specialize in chronic Lyme disease, vitamin infusions, and they/them/flatlander are proud to accept your tax dollars (medicaid) at their evidence free naturopathic farm stand clinic. Be sure to stop by for raw milk milkshakes on Fridays!

Anyway, please join me in in our grassroots lawsuit against the proposed wind turbine development, we will also be meeting this Friday at town hall to discuss diversity, defunding the police, gender norms, and a petition to block the local volunteer fire department from installing a Verizon tower that will colocate a repeater for fire and EMS dispatch.

Keep Vermont Green!

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thisoneisnotasbad t1_j8mb7qu wrote

Gotta admit man, I laughed.

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Traditional_Bank_311 t1_j8mlfnl wrote

It’s not hard to write like this when you grew up in VT and then left for 20 years as and adult before returning. It’s basically a composite of several people I knew growing up. Also, those kids names are all real, they were all peers.

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mrgrey772 t1_j8ms8eq wrote

Why do I know 15 people exactly like this

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KITTYONFYRE t1_j8n8ad7 wrote

dae liberals and nonbinary people bad

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hideous-boy t1_j8nkjxk wrote

yeah like at first it was NIMBY shit which I got but then suddenly they inexplicably tied it to those dingdang wokes with their pronouns and ACAB and it totally lost me

OP lost some brain cells halfway through I guess

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KingKababa t1_j8ni34i wrote

Yeah, I was having trouble following the layers of irony, but I think they are shitting on nonbinary people, which really isn't cool.

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Definitelynotcal1gul t1_j8mx2t6 wrote

This is spot on and hilarious.

FWIW, I'm from NH and we have this shit happening here too. Look at this About page for a farm in my town:

https://www.brasenhillfarm.com/about

Note: these folks paid over $1m for this farm. When they bought it they couldn't have been older than 25. He's a woodworker and she's a rabbit breeder--while pursuing a PHD in education. They went to private schools, etc. etc.

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Trajikbpm t1_j8ng39c wrote

Other than the hedge fund and moving from NJ this all the native Vermonters I know up in the mad River valley

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WhatTheCluck802 t1_j8mlit2 wrote

You win the internet today sir or madam. Please accept my humble upvote in appreciation for your brilliance!

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HappilyhiketheHump t1_j8myxt5 wrote

Take my upvote.
I burbled coffee out my nose when I read this.
Please, take my upvote.

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Dangerous_Mention_15 t1_j8las34 wrote

PS My BLM yard sign is probably bigger than your BLM yard sign.

- Stay woke.

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Dangerous_Mention_15 t1_j8leh0r wrote

PS I'm loving all the downvotes! It reminds me a bit of someone I knew of who while at Woodstock high school had the bumper sticker "Nuke the gay baby whales". It drove the teachers crazy and they tried to block him from having this sticker (apparently the teachers didn't really know that much about the 1st amendment...).

Neither were they scholars of the Greeks (“If someone succeeds in provoking you, realize that your mind is complicit in the provocation").

He prevailed in antagonizing them...

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thentherewerelimes t1_j8myqdu wrote

“How many Vermonters does it take to change a lightbulb? Trick question, no one’s allowed to change anything in Vermont.”

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Krusch420 t1_j8n2pq0 wrote

Until they tax second home owners enough for it to be unprofitable many homes will remain empty. 4 houses on my street are empty 80% of the time. It’s frustrating when you want to buy a home and someone offers 20% above market value in cash.

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Vermontess t1_j8r2i9p wrote

Tax unoccupied homes? Or all short and long term rental houses as well?

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Krusch420 t1_j8r6x32 wrote

If you are a Vermont resident more than 1/2 the year I think you should pay lower taxes. If you have a second home rented long term I think you should get more of a tax credit. If you own a home and do short term rentals double all current taxes. If you have a home that sits empty more than 6 months a year triple the taxes.

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Krusch420 t1_j8r77uz wrote

Also the problem with house around here is the Return on Investment is too high. It’s unfortunate that property is an investment that makes more money. As a first time home buyer my barrier for entry is much higher than someone out of state. This drives up the home prices and I can’t compete with out of state money trying to make more money.

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idreamofchickpea t1_j8l07il wrote

Well he lost me at the bobolinks. Does anyone have experience with act 250 that they’re willing to share? Of course vt needs more housing but every argument for repealing 250 seems grotesque (e.g. suburbs).

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[deleted] t1_j8m9ktd wrote

5th generation Vermonter. My father worked in land development all his life (45+ years), and so have l (35+ years- land surveying/civil engineering; permitting and now that I have become too old to get my hands dirty, title examination).

I can confidently say that Act 250 had been the BIGGEST obstacle to reasonable housing development in this state we have encountered throughout the entirety of our careers. I have personally witnessed HUNDREDS of reasonable development projects that were killed because of Act 250 since the early 2000s alone. That number is likely in the thousands of you include not only my time but also my father's time in land development back to Act 250's inception in 1970. It had effectively killed off all single-family-home development in our industry (except for the very wealthy) by the 90s.

This article is probably the best and most accurate description I have seen to describe how Act 250 continuously allows development to be stopped in it's tracks by folks who are uninformed and unqualified in making ANY decisions about proper land development, and who use Act 250 as either a NIMBY, political, and/or social weapon instead of how it was originally intended (to keep the ski-towns from over- developing UP the mountains). Now Act 250 stops development EVERYWHERE, because ass-hats (like the JP Morgan retiree running for S.Burlington council in this article) have figured out how to manipulate it for their own ends and, in it's present form, Act 250 doesn't allow any developers or municipalities to push back against someone's bullshit NIMBY claims in any amount of reasonable time enough for a developer not to lose significant amounts of $$. In short, Act 250 is a perfect tool for those that have already built their homes to keep others from doing the same... Only the very wealthy have the means to build new anymore. Act 250 is in MAJOR need of reform, period.

Also, as far as suburbs being "grotesque" goes: If developers didn't have to spend such an extraordinary amount of their budgets on permitting and nefarious lawsuits brought against them, then they would be able to invest more in aesthetic construction that would eliminate those repetitive, "cookie-cutter" neighborhood/housing designs in favor of more variety of construction within the same development. For example, if you could see what the original designs for all those condos/ apts that were built along Dorset and Spear Streets in the last 25 years instead of what was actually built, it would break your heart... The original designs were absolutely beautiful, involving a variety of multiple architects designs, green spaces, etc., but permitting costs forced the budget to kill aesthetic development, and now it looks like repetitive "sprawl" there instead of some beautiful neighborhoods, and those developers were lucky to be able to afford to even build that after all the permitting was all said and done.

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mrgrey772 t1_j8mrvot wrote

I have a client who can’t even build a modest home on spear st. For less than 4 million.

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KITTYONFYRE t1_j8n87p9 wrote

I think your client and the rest of the world have different opinions on the word "modest"

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[deleted] t1_j8ncd44 wrote

I am not sure, but I think mrgrey's point was maybe that what once only cost a few hundred thousand to build now costs in the millions... Certainly still not talking about a middle-income single family home perhaps, but the cost to build a comparable home to what already exists on Spear Street is far-and-away above what it used to cost even as recently as a decade ago.

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idreamofchickpea t1_j8ms5uo wrote

This is really good insight, thanks for sharing. Do you object to multi-unit dwellings generally or just the aesthetics of the ones that have been built? They seem like a logical option for people who don’t want a big house (elderly, young).

I’ve never seen a beautiful suburb myself, even when the houses are pretty. Not being a snob at all. It’s just a really inefficient allocation of space.

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[deleted] t1_j8mtv75 wrote

I have absolutely no objection to multi-unit dwellings and even multi-purpose dwellings, which help make suburbs more pleasing and efficient. The neighborhoods I grew up here in VT used to have a lot of houses with multiple apartments and some even with "Mom and Pop" stores in them, mixed right in between the single family unit homes. You could walk around the corner for basic groceries and household supplies instead of having to drive across town. Those places also provided the much missed and necessary "third places" for folks to hang out front and socialize... Those are the things that create neighborhoods instead of suburbs. I would love to see housing development in Vermont based on those aesthetics again!

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mojitz t1_j8n65fc wrote

One of my favorite apartments ever was actually a big, grey Maoist apartment block in China. It wasn't much to look at, and obviously didn't have any sort of high end fit and finish, but there were little shops and hole-in-the-wall restaurants and the like on the street-facing side of the bottom level and the whole thing was built to enclose a central courtyard on 3 sides where people would hang out or bump into each other and shoot the shit or whatever. It really felt in a lot of ways like a proper neighborhood in spite of being right in the middle of a massive city.

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mrgrey772 t1_j8niaz0 wrote

There is a middle ground to this I promise you. Doesn’t have to be the elites in their Single families versus massive commie blocks.

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mojitz t1_j8nk448 wrote

Sure. Nobody here is suggesting we, like, demolish all existing housing and force everyone to move into apartment blocks constructed exactly with the architecture they used under the Soviet Union or Maoist China. I'm just pointing out that people tend to write off those housing units because they don't look pretty, when the reality is that there are some significant upsides to actually living in them.

Fact of the matter is that social housing can and does work and has been an extremely effective tool for alleviating housing shortages all over the world (including quite a few capitalist nations in the modern day, by the way). You just have to do it right and build with the intention of fostering diverse communities rather than warehousing the poor out of sight as we did here in the States in a prior era.

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[deleted] t1_j8nbgij wrote

It sounds delightful! Almost like an oasis within the "desert" of the city. :)

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mojitz t1_j8nckz5 wrote

That's definitely going a bit too far haha, but it's not totally off the mark and a little tiny bit more spent on maintenance and some greenery could have really pushed it over the edge.

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Intru t1_j8v20f6 wrote

There's way of stoping suburbs and promoting sustainable communities that grow. Act 250 is a barrier but never trust a developers, lot size maximums and up zoning all single family zones to allow for up to 4 units. Allow soft commercial and edu in all residential zones. Have developers cover the maintenance of road and water infrastructure in developments of given size for up to 10 years so they have to cover the first cycle of maintenance. Remove parking minimums, lot size mins, floor area ratios, allow for single access blocks, ban drive thrus, ban street facing parking lots, require all commercial to have main entries to be street facing, etc, etc.

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EscapedAlcatraz t1_j8mhsng wrote

I'd say it's working as designed, to slow growth and preserve the state environment. Unpopular opinion but adding thousands of units of housing would ruin the place.

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[deleted] t1_j8mixek wrote

After a lifetime of seeing Act 250's implementation, I whole-heartedly disagree with you. There are PLENTY of areas where housing could be developed that would be beneficial. Like anything else, with proper planning and implementation, you can easily preserve aesthetic and environmental protection. Making a blanket-statement that adding housing "would ruin this place" is disingenuous and uninformed.

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EscapedAlcatraz t1_j8mjb75 wrote

That's why I labeled this as "opinion". Having lived and worked in dozens of out of state areas, and traveled to hundreds of others, I'd call it an informed opinion. There are plenty of crowded, noisy, dirty communities in the U.S. One Vermont.

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wholeWheatButterfly t1_j8nbmls wrote

I think it's way too easy to be scared by the prospect of new housing units. As was explained really well in the article, it would take WAY more new housing units than is needed in order to reach just a fraction of the population density of overcrowdedness in areas like NJ or CA. It's a gross miscalculation in perception to think that a few thousand more units across the state will have any significant impact on the amount of nature to enjoy in VT.

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o08 t1_j8mkqd7 wrote

Totally agree. Without Act 250 the natural beauty of VT would be ruined. Act 250 is the only thing keeping large development from going crazy. Around me a big developer wanted to expand a airport runway which would have destroyed over 12 vernal pools and wetlands. The runway was totally unnecessary for the planes he was bringing in. Luckily Act 250 stopped that expansion.

My other neighbor wanted to build 146 short term rentals with one parking spot per 3-4 bedroom rental. That didn’t fly either because of Act250.

That same developer has to fix 2 streams that can’t support aquatic life due to their prior construction work. No remediation would be happening without Act 250. Thank god it is the law of the land.

If towns don’t want Act250 determining smaller development then they only need to adopt local zoning regulations. That makes the thresholds to trigger Act250 jurisdiction way higher, ie 10 house/lot subdivisions or more.

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[deleted] t1_j8mm5rv wrote

I also think that Act 250 is necessary for environmental protection. However, Act 250 as it stands is also greatly in need of reform. Too often it is misused to stop reasonable, well-planned and necessary development. There are plenty of places in this state where affordable, middle income housing could've been built without hurting the environment, which was stopped by the misuse and abuse of Act 250. I don't think Act 250 should be repealed: I think it needs to be reformed to keep people from abusing it for their own personal agendas.

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[deleted] t1_j8mviov wrote

Unfortunately, the State is introducing legislation that aims to take away individual towns rights to implement their own zoning laws. Also, the nuances of Act 250 allow for a lot more triggers than only lot amounts/ sizes. Most of the politicians that control Act 250 and Zoning regs, both municipal and at State level, are not qualified to be making any judgements on environmental protections and development: It is especially in that regard that I think our processes need reform. Too many unqualified people are able to access and manipulate well-intentioned rules/guidelines beyond what they were originally intended for, without proper vetting.

EDIT: I don't think your post should be getting downvoted o08: You make some good points and it seems like we are having a healthy discussion. Usually folks are just screaming at each other in here, so Thank you for the pleasant dialogue! :)

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mrgrey772 t1_j8mxw53 wrote

12 vernal pools and 1 wetland sounds fine to me.

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[deleted] t1_j8n4tf5 wrote

Me too! :)

I also think that it's possible to have a neighborhood nearby that could be properly designed not to impact those pools and wetlands while also allowing people the benefit of being able to enjoy their beauty and provide the opportunity to learn why they are necessary and need to be protected.

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KITTYONFYRE t1_j8n82v4 wrote

> Around me a big developer wanted to expand a airport runway which would have destroyed over 12 vernal pools and wetlands. The runway was totally unnecessary for the planes he was bringing in. Luckily Act 250 stopped that expansion.

wow, you have no idea what you're talking about. neat.

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[deleted] t1_j8nfbpg wrote

Aw, no need to be mean here; we are all just having a discussion. :)

I am a HUGE critic of Act 250, but I still think it is necessary- exactly for reasons like o08's example: We do have a duty to protect our natural habitats /resources in Vermont to the absolute best of our ability. If we all work together, we can often have the best of both- preservation and development.

I believe all of our boats can and should rise with the tide of progress: It just takes more of us willing to work together instead of always trying to chop each other down.

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[deleted] t1_j8n9ex5 wrote

[deleted]

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KITTYONFYRE t1_j8nff7u wrote

"a large developer" wanted to expand the runway... meaning VTrans proposed expanding it... something tells me you didn't get this news straight from the horses mouth:

https://vtrans.vermont.gov/sites/aot/files/aviation/documents/VASP_Draft_020421.pdf

and also:

> The runway was totally unnecessary for the planes he was bringing in.

bullshit. it's a 3,300 foot runway. that's too short for 99% of jets and many turboprops to safely land and takeoff from. those airplanes bring in far, far more money than the tiny little bugsmashers that can currently land there. for example, you could fly a little cessna 172 for ten hours a day and you'd maybe burn 80 gallons of fuel. most jets burn hundreds of gallons an HOUR, plus there's generally other services they'd need that small piston singles wouldn't. literally one single jet landing there one time per week will be the majority of your business lol.

I don't think you're very well educated on this subject, and that casts doubt on the rest of your claims as well.

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[deleted] t1_j8nnv7v wrote

[deleted]

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KITTYONFYRE t1_j8nost4 wrote

evidence?

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[deleted] t1_j8nvwxr wrote

[deleted]

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KITTYONFYRE t1_j8nxvel wrote

> The previous Vtrans aviation director was fired

direct from your article, he resigned

> Oh yeah, he was fired for that after the 5000 ft runway was denied and he was exposed.

lol what are you talking about? this happened in 2016-2017. i just linked you VTrans' report that specifically mentions extending the runway for Caledonia in 2020.

you have a weird mishmash of beliefs that are based on half-truths. you should not be nearly so confident. this article does more to prove you wrong than right.

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[deleted] t1_j8nzvef wrote

[deleted]

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KITTYONFYRE t1_j8p2i4h wrote

> I never mentioned anything about Caledonia and that is your own singleminded idea that the development I am talking about refers to what is in your mind. There are multiple projects throughout the state that take place over many years of time.

what are you talking about then? direct quote:

> Oh yeah, he was fired for that after the 5000 ft runway was denied and he was exposed.

northeast kingdom's 5,000 ft runway went through, it was never in doubt. caledonia is the only one with a short runway that was considered to be expanded, and that's a current problem.

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cpujockey t1_j8nmvk3 wrote

What's wrong with suburbs? The way I look at it if you're middle-class person you should be able to own a home and live in a neighborhood. Yes I get the fact that we need more apartments to fill the void for the lower income bracket of folks but apartment buildings are not going to be the way forward for everyone. There needs to be housing built for every income bracket with the exception being the wealthy as they can just build their own shit / they already have shit.

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idreamofchickpea t1_j8npcbt wrote

Apartments are not just for lower income lol. Don’t get me wrong no one should be too poor for adequate housing but that’s a different consideration. Not that middle class people are doing so well with housing either.

Suburbs are inefficient and unsustainable. I do get that many people like them, not criticizing your taste. Dense housing is the only feasible option I see for the future.

In Vermont I’m not even sure what counts as suburbs, though. What’s a suburb of middlebury (wheee the author lives)? Weybridge?

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cpujockey t1_j8nr4eb wrote

> I do get that many people like them, not criticizing your taste. Dense housing is the only feasible option I see for the future.

I see your point and I respect it. However, I think that dense housing really only works in burlington - that's where the majority of folks are anywho.

> In Vermont I’m not even sure what counts as suburbs, though. What’s a suburb of middlebury (wheee the author lives)? Weybridge?

well - north ave in burlington would be a good example. unless there is some definition of suburbs my highschool education is failing me.

2

Intru t1_j8v3qj2 wrote

Density is relatively, most villages and towns in VT have some level of density. Density includes things like duplexes or triplexes, four or five unit apartments buildings. Also a lot of old apartment blocks in small towns are pretty easy to miss you can easily dismiss a three story apartment building in Putney VT or Wilmington with a large single family farm house at first glance. You have the general stores with a unit of housing on top all over the state, that's density. We need to open our minds that we need this type of density everywhere.

1

greenglasstree t1_j8sa0z4 wrote

Burlington definitely has suburbs: Colchester, Winooski, Shelburne, Charlotte, Williston, etc.

Burlington needs to densify and add more mid-rise buildings to accomodate working class people.

1

Intru t1_j8v2uhv wrote

The problem with the suburbs that they are not resilient long term and are restricted to single family housing and car based comercial, single family housing is that it's the only housing typology allowed in a lot of our residential zoned land. That's the problem its zoned out diversity of housing stock. You should be able to get the housing type you want but when you gate keep it so the only housing you can get is only one type then we create the hot mess we are i.

1

cpujockey t1_j8w5bms wrote

I think that you're thinking about HOA and forced neighborhoods. A suburb is just a street block of residential zoning. Then again my definition could be wrong. I'm not very educated.

1

wholeWheatButterfly t1_j8navk6 wrote

His suggestion is to change act 250 so that it starts applying to residential projects of 50 or more units. This is an increase from the current of 10 units or more.

Recently, a senior living facility was going to open up here in Rutland, at the old college of saint Joseph campus. Right next to the new rec center, and the organization was even going to strongly subsidize the library moving to the old college library - a beautiful and modern facility, especially compared to the current building which is falling apart and crowded. Unfortunately the developer backed out. I'm not sure if they cited Act 250 specifically as a reason, but I'm sure that concerns about the development process dragging out contributed to their decision to back out. this wouldn't have even been entirely new development, as most of it would have just been repurposing the college campus, which is tucked away in the woods anyway. Again, idk how much of it is act 250 specifically, but I was excited about the new library, and I'm sure the senior living facility would have been an economic boost. It's a bummer.

2

[deleted] t1_j8ndqye wrote

I have a LONG history of working with the CSJ property, going back to the 80s. It has always been an Act 250 nightmare there due to the proximity to the creek and there are also significant wetlands about the property. There is also a lot of ledge and bedrock on the property that makes it very costly to bring in utilities (water/sewer) for expansion / development. Unfortunately, the same problems are presenting themselves for the old Rutland Plywood property across the creek, which has put off developers from looking into utilizing that property as well. :(

That was a real shame when the senior housing project fell through. However, I see that Casella has been looking at investing in the property, so we are all keeping our fingers crossed!! :)

4

idreamofchickpea t1_j8ndtoq wrote

What a loss! That sounds like exactly the kind of development to benefit everyone. Super curious why the developer backed out.

2

a_d_a_m_b_o_m_b t1_j8lkbmz wrote

I love all the extensive analysis and hand-wringing about the Vermont housing crunch. Like we don’t all know it’s investors who hoard properties as investments.

15

[deleted] t1_j8md29u wrote

That is certainly a significant portion of the problem. There is also a lot to be said for Act 250 and other permitting/politics that have killed all reasonable housing development in this state. This article did a good job discussing those things as well, and how all of these things are combining to put us in the crisis we are in.

5

Trajikbpm t1_j8ngjnn wrote

But people would rather be divisive. It easier to blame a neighbor than a billionaire you can't put a face to. It's how capitalism works.

4

greenglasstree t1_j8sawl1 wrote

Poor people love to blame the upper middle class and lower upper class, when it's really the billionaire investor class that is doing this shit.

40 years ago dentists from Boston were also buying summer homes in Vermont but they could typically afford one per family. The billionaire investor class buys homes to speculate in the hundreds/thousands.

1

greenglasstree t1_j8saq6x wrote

Ding ding ding.

People love to blame rich foreigners buying a vacation house, or an upper middle class Bostonian buying a single summer home, but the real culprit are billion dollar financial firms buying hundreds, if not thousands of houses for speculation.

Dr. Jane Everywoman from Boston who makes $200k a year as a pediatrician isn't the enemy.

1

Intru t1_j8v52bl wrote

I think of that as a symptom not the cause. It's really death by a thousand cuts. We have exclusionary suburban focus zoning of the 1940s and 1950s , that bans or makes it impossible to build anything but single family housing in over 70% of residential zoned land. Preventing things like small mix used, boarding homes, hostels, duplex, triplexes, etc. Economic decline in large portions of the state's municipalities, shifting of job centers, disconnect between available stock and desired areas, car centric tourist development, bizantine building and safety codes. Rise in costs, etc. Speculative real estate markets and Airbnb are just another nail in the coffin of affordability.

1

idreamofchickpea t1_j8msfby wrote

What are the investments? Why hoard the houses rather than flip, rent, whatever?

0

[deleted] t1_j8n0g4u wrote

Supply and demand. Housing is in short supply, so there is opportunity to make profit off of that. Investors will buy up multiple homes/ apartments in one area in one fell swoop, sit on them for awhile and then sell them back off individually at a much higher price than they paid for them...= Profits without having to invest in upkeep, rehabilitation or becoming landlords.

0

idreamofchickpea t1_j8n1xdm wrote

I get that, but they don’t seem to be selling? There was this big rush to buy when interest rates were low (which wouldn’t even matter to big-time investors) but not to resell? What is the point of sitting on the empty properties?

3

[deleted] t1_j8n36xb wrote

They were still selling them back off like crazy for most of last year. The market has definitely slowed up considerably since about last November with the feds increasing the interest rates and now the threat of the national debt ceiling not being raised... A lot of those assholes are currently stuck with the bulk of what they bought up around that time.

1

Reasonable_Expert_23 t1_j8mnwdw wrote

Whenever I read something like this, I think of Sharon and Hartland. Both are in the Upper Valley and pretty close to major employers (DHMC, etc). Neither town has any kind of zoning and there has been minimal housing development, which bucks the theory the author is presenting. That’s not to say that exclusionary zoning in rich towns isn’t a problem — it is — but rather to say that we shouldn’t accept it as the being the only problem.

Turns out, solving the housing market is not as simple as opening up the “supply spigot.” Land prices, costs of goods, labor cost, etc all matter for getting housing developed. And all of those things are sky high in Vermont. So when developers are targeting places where they think their projects will pencil out financially, it leaves out a lot of Vermont.

On top of that, when you zoom out and see that the housing crisis is a nationwide crisis, there’s not much hope for the market to correct itself.

When you have this type of market failure for an essential good/service, the only viable solution is government intervention. We need community land trusts, more investment in affordable housing for low- and middle-incomes, and increased tenant protections (such as just-cause eviction). We pay for that with things like higher transfer taxes on sales of second homes. This won’t solve all our issues but it’s better than just hoping the market will fix itself.

15

[deleted] t1_j8myxn7 wrote

You make some great points, especially how it is a multitude of issues (municipal, state, and federal, economy, etc.) that are contributing to the housing crisis here. I think the article emphasizes the problems with zoning and development, but I also think it touched on the larger issues in play, as you did. Also I just wanted to say I appreciate your amicable dialogue in the discussion. Too many folks go off the rails in here, so it is always nice to see folks keeping it civil. :)

4

Reasonable_Expert_23 t1_j8mzw87 wrote

They were touched on briefly in the piece, but the author spent a lot more energy blaming “anti-capitalism” then he did digging into the obvious failures of capitalism that led us to this point.

7

[deleted] t1_j8n112n wrote

Not sure I agree with your assessment in the tone of his article, but I ABSOLUTELY agree with you about "the obvious failures of capitalism that led us to this point"! 100 effing percent behind you there!

1

KingKababa t1_j8nk7dc wrote

Someone mentions the words "failure" and "capitalism" in the same sentence.

Quick guys! DOWNVOTE! /s

Jeez people, we can't criticize capitalism at all?

1

[deleted] t1_j8nm85s wrote

I may just be getting downvoted because I didn't agree with the tone of the article vs. the points about the failures of capitalism. No big deal, but thank-you for the support. :)

2

vtkayaker t1_j90ycq4 wrote

> Whenever I read something like this, I think of Sharon and Hartland. Both are in the Upper Valley and pretty close to major employers (DHMC, etc).

Thank you.

Hartford (even closer to DHMC and Dartmouth) has put in several major developments in the last 20 years, including a condo block and a cookie-cutter suburb. It has one of the best elementary schools in the state, and the high school was finally improving last I heard. And they've been building condos and fairly nice cookie cutter suburbs since WW2. At least some stuff is obviously getting permitted. And it's a reasonably attractive town, with a nice mix of neighborhoods.

But it's not enough to keep up. DHMC, Dartmouth and the shopping in West Lebanon can create more jobs than developers can build houses.

> Turns out, solving the housing market is not as simple as opening up the “supply spigot.” Land prices, costs of goods, labor cost, etc all matter for getting housing developed.

Yeah, this is one of the major bottlenecks. Pre-COVID, anything with 3 bedrooms below $300k was either tiny, weird, or needed about $50,000 in urgent roof work. Or had a foundation from hell. It was a really tough market even then.

But part of the problem is that a lot of Vermont houses need work. I've seen countless houses that have gone 25 years too long since they were last painted, and more than a couple that are visibly starting to lean. Look closer, and you'll see warped roof lines.

When so many people bought Vermont homes during COVID, they realized how much work some of those places needed. And so they started employing contractors. If you needed a contractor for something quick, they might be booked out for the next 8 months.

It's getting better now. I can call the usual folks and get someone on site in a week or two, for something quick. And some new people went into business.

But you won't be able to build tons of new housing until you can get enough skilled people to do the work. And many of those people were busy doing major repairs to older houses that were bought without inspection.

1

joeydokes t1_j8l2bz0 wrote

Oh joy, a newcomer arrives in 2019 and proceeds to write a tome (on their substack) describing a place they barely understand, from an ivory tower academia burg; thinking they got a handle on what drives folk both to and from this place they've just landed in.

And the conclusion? More libertarianism! You're painful ignorance if makes it obvious that don't know rural, don't know surviving off the land, or what makes Vermont tick. You assert hippy infestation and conservation mated to stubborn agriculture resistance to change is bad blood in need of a transfusion.

The issues being faced are little different than those in other States, specially all of northern New England. Covid and 2020 changed everything; making what's bad worse. Income inequity has made things worse. Corruption's made things worse. Crappy for-profit healthcare making many 1 serious emergency away from bankruptcy, paying our dentist's kids college tuition w/our cavities for lack of good insurance...

But no, you look to Jim Douglas as someone worth quoting; that's a laugh (at your expense).

The reason people (like you?) move here is because conservation is what has kept billboards from dotting the pastoral landscape. Communalism is what gives everyone a voice; even if it gets ignored by the 'town fathers'. Vermonters are kind, but not nice. Spend a year around Enosburg or the hamlets of the mountains, then tell us what you've learned; instead of acting like you're Warren telling the people of Roxbury what their problems are. What do you know about agriculture; farming and forestry, the working landscape? What do you know about wearing many hats to pay the bills?

You favor the same 'open for business' modal that's left other places with toxic waste dumps left to clean at the taxpayer's expense?

IMO you should keep your opinions to yourself and let the Vermonters who've been here for decades and know its workings intimately hash out fixing its problems. Instead of trying to make it look like where ever TF you came from.

9

Eternally65 t1_j8l7xei wrote

This amuses me. I remember in the late1960s how the most recent arrivals - including the hippies, and weren't they fun to watch - told all of us natives how we had better "stop this development or we will lose what makes Vermont special". Or, as my father put it, "Now that I'm here, close the door". Nothing has changed there. We still get new arrivals, living in new developments, saying the same old thing.

As far as economic development goes, the dynamic of young Vermonters leaving to find work has been going on for decades, probably for centuries. My father, and most of my 8 uncles, all left the state for jobs in their 20s. None of them wanted to stay on the dairy farm. "Too much work for too little money". I left, too, and it took me decades before I could return, taking a massive income cut to do so. When I myself was hiring, I got resumes from way over qualified applicants from out of state for most positions. (No, I rarely hired them. They had a habit of moving up and immediately starting to look for another job.)

Do I have a solution? Of course not. I am just exercising my God-given Vermonters right of complaining, by jeezum crow.

22

joeydokes t1_j8lgogl wrote

> My father, and most of my 8 uncles, all left the state for jobs in their 20s. None of them wanted to stay on the dairy farm. "Too much work for too little money".

Thanks for your reply! I did Ag advocacy for about a decade (90's), mostly focused on feed costs, cull prices, finding labor, crop rotation, and a good chunk on succession and its prospects. in '99 I proposed doing a survey called 2020 - prospects of farming. Its a lot more than counting wheels:) I even suggested the Land Trust make allowances/exceptions to permit a co-housing plan in which those who farmed it lived rent-free, as it were, to address the succession issue. Not that it was a good idea, per say, so much as trying to think outside the box.

Kids leave the State since forever and its been a minute that your education taxes aren't making elsewhere more literate :) Fact is, for the rural parts, its boring AF; specially if not in a clique. We've done shit for supporting college because of it; tourism and second homes pays the bills (mostly) and keeps the trades in decent pay, so and raising (non-native) taxes is a lead balloon.

So instead we adapt to the new realities, which is what VSU is trying to do now due to lowering enrollments and higher costs. They're going Univ of Phoenix - Vermont Edition. Re-purposing libraries because mostly everyone doesn't go there for books. Cutting back sports because even the NCAA class is 3rd tier, few poor or minority students are going to turn pro and transpo costs alone are sky-high. VT doesn't need sports more than academic excellence, nor should it have to recruit from poor inner cities to boost enrollment. You'd be gobsmacked to know how many NVU students are 1st generation to get past HS.

Bet $5 will get you $8 closing Johnson w/in 3-5 years if not sooner. I don't envy those calling the shots, this sub is full of backlash and well-deserved calls for transparency. I know this bec wife is in academic support and I feel people's pain over uncertainty; but its the right (hard) call.

Encouraging teleworkers and knowledgeworkers is the right call, there should always be a livelihood in trades, in logging, in beef and hemp and like, if not in dairy. Dairy consolidation aside, my sis works an organic outfit (100ish head) near Poultney and they are getting by OK, but the parents are still in charge.

So, please don't think I'm complaining more than calling it as I see it. Most all commute 1hr to a job, outside of ChitCo the State is rural AF, Glover is no worse off for the hippies and Peter's circus, nor is MontP for the few still alive:)

Peace Out, bub!

8

Sudden_Dragonfly2638 t1_j8m841i wrote

Take it from someone who spent their entire 36 years in VT. This essay is spot on. Act 250 is no longer needed the same way it was in the 70s. Regulators have created a strong framework for responsible development that exists apart from Act 250. When someone asks me to describe land use in VT I tell them to imagine it as a statewide HOA.

Zoning minimums are making it harder to build SFH. My house on 3.5 acres that is part of a neighborhood in rural VT subdivided in the 90s was rezoned to a 5 acre minimum several years ago. This means my neighborhood, if built today, would have significantly fewer lots than it does.

8

[deleted] t1_j8met6g wrote

Seconded. (5th generation Vermonter here who has spent his life in land development.) Act 250 / Land Use described as Statewide HOA: 100% correct!

11

joeydokes t1_j8nkuqs wrote

> I tell them to imagine it as a statewide HOA.

Spitballing here, but I'd say 80% of VT is rural hamlets and villes. So lets talk that: valleys with properties usually very near the road built when some farmer sub'd their land and excluded the pastures behind said new homes. Or, properties up along some hillside or gore off dirt roads in the woods. OK?

Those places are akin to HOA's only due to the fact that they're run by the 'town fathers'; the click that collectively ignores everyone at town meeting day to preserve the status quo :)

> My house on 3.5 acres that is part of a neighborhood in rural VT subdivided in the 90s was rezoned to a 5 acre minimum several years ago.

My homestead was on 5ac, abutted by substantially larger tracts of land; either some farm or some woods logged or sugarbushed. I like the 5ac and think 3.5ac would feel too confining if I had neighbors. 5ac is about the min amount that offers real privacy and peace/quiet. I say this bec I have friends on smaller lots and they beef about noise/neighbors with too much regularity.

Just my .02 - Peace Out!

2

[deleted] t1_j8mhugd wrote

I agree with a lot of what you have said here. I also think that this article did a very good job in describing the problems for anyone trying to build an affordable single family home in Vermont. The article's depiction of issues created by Act 250 are spot on. So far, us "Vermonter's who have been here for decades" have not done anything in all that time to address those problems. As I stated elsewhere in this post, too many times I have witnessed the wealthy buy up a portion of a farm to build their McMansion, only to then turn around and use Act 250 and/or sue the same farmer to keep that farmer from building a smaller home nearby for a family member working that same farm. People need places to live, and reasonable housing development CAN be achieved without turning our state into a "toxic waste dump".

7

joeydokes t1_j8niqep wrote

Many of the problems faced are not unique to VT, some (like graying and edu) are. Being a tourist State so close to the Tri-State corridor and 30M people is impactful too.

A lot of your assertions are correct. Many of these issues have persisted for a long time. Your anecdote regarding farmland may have merit, e.g. using 250 as a weapon. I also think that for as valuable as the VT Land Trust is, it needs more flexibility in addressing conservation vs succession issues. But the truth is that farming in VT is in peril. If not for lack of interest then for poor economy of scale. Beef, organic dairy, hemp, and the like have promise, but its still a threadbare life keeping the machines running.

Sure, its important to attract industries to work-centers like ChitCo, but outside of the 45-60minute commute, the rural problems are still going to be there regardless. I had hope for Newport, but that sure got F'd up. Maybe Hardwick can become a success story (a la Pete's greens and the like).

I just don't thing Big Business should be the first goto to find a fix to small State problems.

4

[deleted] t1_j8nkaca wrote

100% agree with everything you just said, esp. about the VT Land Trust.

Breaks my heart what happened to the farmers and farming industry in this state, and the State should be doing A LOT MORE to support these new growth industries.

Fingers crossed for Newport too! Thank you for replying to me. :)

3

joeydokes t1_j8nncyp wrote

and thanks for the convo! I can't speak to southern VT, or parts below #15 even FTM; despite having traipsed across the State to the point of knowing it blindfolded.

Farming and forestry is what makes VT special, what accounts for its pastoral beauty. VT does grass very well. Sadly the industries that use it are under stress, specially dairy; which started feeling the strain in late 80's early 90's with ops moving first to western NY, then later (with advent of reverse osmosis) to the southwest. Trying to compete with economies of scale elsewhere is a losing proposition.

Going organic, niche specialty dairy products, and the like helps to some degree but can't stem the trend of consolidation, which further erodes the prospect of more farmers via succession.

Thing is, if normal working class folk made a livable wage they could afford to buy produce/meat at those farmers' markets usually reserved for better off tourists and 2nd home owners. They could more directly support their neighbors; though I know that like me, many probably get their whole milk, eggs, beef even, from their neighbors operation.

But the elephant in the room is how little food security there is in Vermont despite being fertile and abundant. Not too different from how many kids would qualify as 1st gen to go to college.

They/it has not been a top priority, despite the bounty of advocates calling it out.

5

[deleted] t1_j8nqgu3 wrote

I am so grateful you took the time to write all of that out. Hopefully you will bring some awareness to how our farming industry / food security crisis stems from the same problems that are causing our housing crisis: Impossible to fix either one independently from the other. Good on you!

3

joeydokes t1_j8nrpbk wrote

Appreciate your kind words!

I don't know if its any different now than back in the 90's, but there is/was some degree of entrenchment at work.

In the case of Ag, it was those in position at the Farm Bureau, Coop extension and the State, whose focus was so narrow that they could not think outside the box. Granted, their constituency was probably the most anti-change, 'aint broke, don't fix' group to walk/work the earth. Understandably so, considering how little is actually in their perview of control.

Just pressing for things like crop rotation, low-till no-till, ... was a herculean task! So, advocates could only really push for what their audience was ready to hear.

These days, minds are much more open I suspect.

3

[deleted] t1_j8nule4 wrote

"These days, minds are much more open I suspect."

I sure hope that you are right. Even if they are, there still needs to be a lot more education on the topic(s), and hopefully these conversations today helped in that regard.

2

QualityRescue t1_j8l37u6 wrote

Aren't you from Maine? Who are you calling a newcomer?

5

joeydokes t1_j8l55hb wrote

I'm a newcomer to Maine; and don't for a minute think of the irony when I'm posting on r/Maine; despite having the same sentiment vis-a-vis the stressors being faced.

I moved from (near eden) to ME a year ago. Partly because of costs, partly because I've gotten to old to buck/split wood and care for maintaining the homestead, partly to get out of a mortgage, mostly because said homestead is a 2-person operation that were something to happen 1 person couldn't handle the workload.

I would have stayed in VT were it not for insane RE prices, (even a house lot to throw up a tiny house), so after nearly 40 years, spouse-n-me decided to try a change. Maine (the ocean, the north woods) was a good choice, but despite visiting friends here regularly, I miss the greens that I know like the palm of my hand :)

3

deadowl t1_j8ld174 wrote

Yo, may I take this moment to advertise the subreddit "Serving Exile in Flatland" user flair?

0

SabbathBoiseSabbath t1_j8n2j4d wrote

Right? There's literally 49 other states that do things a different way, some more regulated, some less. And none have the charm or appeal of Vermont.

2

golfguy15 t1_j8n11hj wrote

The painful ignorance is not understanding your points were refuted with facts. The tone of your comment is exactly what the article says is the problem with our State.

1

joeydokes t1_j8ng7b6 wrote

I'm not disputing the facts at all; they speak for themselves in being painfully obvious. I'm disputing the proposed fixes coming from a very unqualified source.

2

Trajikbpm t1_j8nhq2n wrote

I mean what have Vermonters done to fix it other than turn the other cheek or yell about it while the state rots into the ground?

1

joeydokes t1_j8nptz6 wrote

Can't speak to whether 'turning the other cheek' or just ranting is the only thing that's been done, or not. I do know that there's no lack of advocates trying to effect positive change(s), but its not possible to escape undeniable truths.

One being that there aren't too many solutions to fundamentally rural problems; which about 3/4's of the State is. Fortunately, our rural parts benefit (trickle-down) from tourism in ways that rural villes and hamlets in places from OH to VA .... don't. Those places now look like ghost towns.

We are a tourist state that attracts 30M people from Boston to Baltimore. Sure, we have a few industries, but even relaxing regs would not make Vermont competitive with elsewhere. We need industry that we can build from the ground up.

We do K-12 OK, but >50% kids don't stay past HS; because growing up rural can be boring and there's too little opportunity. So our edu taxes make places elsewhere more literate. We're graying out, and the new blood replacing it is bringing in new values and new money; making life even more expensive.

I don't have any solutions, but know any proposed will be a tough pill to swallow and invite the inevitable backlash, no different than what's happening with the VSC/VSU transition.

What I do know, for sure, is that fixing wealth inequality, employer tied for-profit healthcare, .... the big killers of our social safety net .... would go a long way to remedying many of the issues we're facing.

5

Dadfart802 t1_j8n0f6g wrote

One thing that we never talk about is for housing to be built inexpensive, you need inexpensive labor and the SO MANY blue-collar people across the country that built this country are dead or addicted to opiates. The housing crisis and opiate crisis are inextricably linked. I want to scream when I hear, "no one wants to work anymore." It's not that no one wants to work anymore, but that a lot of them are dead or addicts.

8

KingKababa t1_j8nksu1 wrote

We also spent the last 50 years villifying the trades and pushing 4 year college degrees on everyone to the exclusion of all else. It's no wonder we don't have any trades people anymore when society has been calling people dead end idiots for going to vocational/trade school for two generations now.

6

Dangerous_Mention_15 t1_j8o8gfm wrote

>development

Other parts of America use recent immigrants for construction labor. As Trump famously described, from one of those "Mexican countries". There's legal immigration and there there is the having to cross 2+ countries (illegally) overland, then pay a coyote, then make it over the border, perhaps be forced into packing a load of dope at the same time, then 50+ miles hiking across the Tohono O'odham Nation, then evading further immigration checks... which kind of leads to an amazing selection process for a work ethic.

But Vermont's future doesn't seem to have lots of recent migrants from anywhere.

I'll just leave this here.

https://www.youtube.com/watch?v=nKcUOUYzDXAhttps://www.youtube.com/watch?v=nKcUOUYzDXA

0

Hagardy t1_j8milv1 wrote

It’s amazing how many of the comments here just prove the points in the piece.

4

bagelman10 t1_j8myocn wrote

I live in Boston. the mayor is trying to institute rent control. This however, most likely will just make developers less likely to build new projects. Profits drive progress. That's the good thing about capitalism! Have a problem- if there is a profit to be made capitalism may solve it!

The problem is simple supply and demand economics 101. Not enough supply, too much demand. If you don't incentivize developers to solve the problem, it won't be solved.

Nobody likes sprawl, but smart development is easily achievable.

4

idreamofchickpea t1_j8n4nqu wrote

I mean.. the quest for profit is directly responsible for the present housing crisis, no? Surely you don’t think there’s too much rent control and not enough profiteering.

1

bagelman10 t1_j8n6vta wrote

I don't think that the quest for profit is responsible for the present crisis. The cause is a lack of supply through decades of intentional under-development. Which was exactly what the article is about. Rising prices are because of too much demand and not enough supply.

4

Twigglesnix t1_j8rgld2 wrote

AirBnB is the problem. Too many homes are rented two weekends per month to party groups instead of being available for residents. All home rentals should be monthly. Daily and weekly rentals should be illegal or taxed so high that they are discouraged.

4

DiceyWoodchuck t1_j8og9sv wrote

Rich assholes buy up all the starter homes and rent them out. This needs to be fixed.

3

ojhatsman t1_j8soa7v wrote

Moved up in 2019 to write an article on the problem while being the problem….

2

futuresax_loveclowns t1_j8ttzes wrote

Gary is a fucking dweeb and Middlebury should be feeling very self-conscious about hiring a "libertarian progressive" prof, but speaking as someone working on the front lines of this issue (municipal worker), I have to admit that he's mostly right about the economic factors that have led us here. This one is worth a read.

I don't buy Gary's dismissal of AirBnb and other short term rentals, though. I think there's just not enough information about the overall potential rental stock and how much of it is currently tied up in STR or second home status. Similarly, he handwaves away climate activists as "anti car" without acknowledging that transportation is by far the largest contributer to Vermont's GHG emissions. Doubling the density of rural areas (which he suggests due to the large lots available in those areas) would only exacerbate the current situation while failing to add enough density to make town-town public transportation more viable.

Finally, I am sick of people defending second homes on the basis that their owners use fewer municipal resources. Sure, they don't enroll their kids in the local schools or drive on the roads as frequently, but they also don't spend money year round. More critically, second home owners do not -indeed, cannot- contribute to our society the way that year-round residents do. It's not surprising that a libertarian economics nerd would forget about the social aspect of housing in favor of spreadsheet data, but it's an issue that anyone who's ever lived in a town within 20 miles of a decent ski slope can understand by taking a walk around their own neighborhood.

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Jsr1 t1_j8nmeav wrote

Up to 2k per month not 1300 now

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Interesting-Field-45 t1_j8o41cg wrote

Short term rentals and homes owned by LLCs should be illegal.

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Vermontess t1_j8prany wrote

Almost all landlords own houses under an llc. Are you saying there shouldn’t be any long term rentals in Vermont? Can you elaborate? I don’t understand

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Interesting-Field-45 t1_j8rf36t wrote

I’m saying all landlords should be personally tied to and liable for their properties.

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Vermontess t1_j8rf9l3 wrote

Like they should have to be owner managed? No property managers or that kind of thing?

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Interesting-Field-45 t1_j8rg0ll wrote

They can have property managers, that has nothing to do with it. An LLC gives them zero liability or personal responsibility over any damages and any financial fall out. It also allows them to launder money via the property owned. The US is the largest money laundering hub in world and property is a great way for people to do it. If people couldn’t own property through their LLCs, they wouldn’t be able to utilize it as a means to launder money, exit money, or use it as a means to avoid paying taxes.

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Vermontess t1_j8rks3n wrote

An LLC does not obsolve landlords of liability- they are still on the hook for damages and can be forced to sell the rental to pay damages to a renter. Most mom and pop landlords in VT use LLC’s so they don’t lose everything if someone slips and falls on some ice at their rental house and insurance doesn’t cover the damages. They would just lose their entire business, but in theory it protects the house they live in and other separate assets. The same way it is with a restaurant owner or grocery store owner or any other LLC business.

How can someone use an LLC as a means to avoid paying taxes? I understand there are bad actors at all levels, but what about an LLC specifically makes someone more likely to commit tax evasion?

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Interesting-Field-45 t1_j8rorb3 wrote

They should lose their “business” and be liable. We would have a lot less landlords and a lot more housed people. Houses would not be insanely out of reach if actual human beings could own them. Mom and Pop landlords? Lol. Most ridiculous thing I have ever heard. LLCs don’t have to be attached to them personally, you can have a Montana LLC that has no name attached. A trust can own an LLC. There’s a reason people LLC in Delaware so often. Billionaires use LLCs to avoid taxes and launder money literally everyday. The tax codes are so intricate and so confusing, you have to be an expert to truly understand how they move their money around to legally evade taxes. People from countries like China exit their money via properties and goods.

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Vermontess t1_j8rr13b wrote

They do lose their business. They are liable to lose their entire LLC and everything owned by it.

Over 70% of rentals in Vermont are owned by small or medium landlords and are usually held in LLC’s. The tax benefits of being a landlord are not anywhere near as advantageous as I had assumed before I read more about it for a family member

Personally, I think you're conflating LLC behavior with that more typical of corporate REI’s but I’m entirely sympathetic your EAT THE RICH vibes

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wholeWheatButterfly t1_j8musdk wrote

Great article. Not only does it provide a good summary of how VT got here, it has some simple policy suggestions which I think could go a long way. Suggested policy actions that I agree are mostly pretty simple and would have a significant affect:

  • Allow tax revenue from any new developments built in the next 5 years to go 100% to their towns, rather than a fraction of it be getting redistributed to the rest of the state
  • Impose that towns which do not see a 3% increase in housing stock by a certain time period may get their zoning authority taken up by the state.
  • Reform Act 250 so that it only applies to housing projects of 50 units or more (as opposed to the currently 10 units or more)
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Silverfox107 t1_j8np440 wrote

Problem is the folks in Montpelier don’t care about the lower class people, they only care about how much money they can make off the out of staters, though ridiculous tax laws ie the view tax

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sickter6 t1_j8mlvg6 wrote

Private property is a social construct.

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