zombienutz1 t1_itge852 wrote on October 23, 2022 at 1:32 PM

Reply to comment by murshawursha in Incentivize Accessory Dwelling Units by Unique-Public-8594

Or hear me out.. helping homeowners build more apartment stock will water down the market and help renters indirectly. You'd have to add a bunch of stipulations if you're directly giving money to renters. What if they get money and move out of Vermont?

murshawursha t1_itgjekg wrote on October 23, 2022 at 2:14 PM

If you're providing down-payment assistance to purchase a house IN VERMONT, they couldn't very well just abscond with the cash. True, the would have to be some kind of stipulations that they live full-time in the property for X number of years, or the money has to be paid back.

But that's fine; it's not JUST about housing stock (though to be fair, that is a factor). The point is, home ownership is the largest source of wealth for most Americans. I would rather see financial assistance directed to help renters get into a home and start building that wealth, rather than write a big check to existing homeowners who already HAVE that equity... so they can make even more money by collecting rent from tenants who are still struggling to achieve home ownership.