Submitted by No-Ganache7168 t3_127532i in vermont
No-Ganache7168 OP t1_jeg8lzc wrote
Reply to comment by Odd-Philosopher5926 in Proof that capitalism won’t solve the affordable housing crisis. by No-Ganache7168
When we first moved to morrisville 20 years ago lots of people were buying village homes for $100,000 to $200,00 and fixing them up to live in. Meanwhile businesses were starting to open on the downtown. It did not drive housing prices up that much. That didn’t happen until Covid. That’s when people realized vacation homes are basically free if you can pay mortgage and other expenses by renting them on Airbnb. Stowe became too expensive for all but the Uber rich so people started buying up morrisville properties
Viewing a single comment thread. View all comments