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headgasketidiot t1_ivbdt3j wrote

Reply to comment by Oeslian in Re: Vermonters' reputed attitude toward out-of-staters by newsandseriousstuff

Data conclusively shows that out of state migration is not the problem. Vermont saw a "huge" spike in migrants during the pandemic, which still only translated to something like .8% of the population. Meanwhile, 50% of all new construction and 20% of existing housing is second homes. Corporate buyers are making up 20% of all SFH sales in the state, up from just 5% a couple decades ago. My tiny town has a couple born-and-raised local landlords who have been aggressively expanding their portfolio in the last few years.

The anger at out-of-staters does nothing but obscure the real division, which is one of class.

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[deleted] t1_ivc60z3 wrote

[deleted]

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cpujockey t1_ivfbhxn wrote

> Meanwhile not building pathways to climb the class ladder.

yep and that's the real shitty thing about it all.

some of us grew up here, started to make it, and now that we're ready to go on to the next chapter of our lives - we're being told by latte sipping flatlanders to move out cause we cant afford to buy or rent.

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cpujockey t1_ivfbd9x wrote

Where you getting this data from?

I got people on the inside of real estate firms calling bullshit on your shit post.

The firm in particular has sold more homes to flat landers than natives - and they have the data to prove it from their brokerage.

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headgasketidiot t1_ivfd594 wrote

>The firm in particular has sold more homes to flat landers than natives - and they have the data to prove it from their brokerage.

I don't actually think that disagrees with what I'm saying, but those people aren't moving here. They're either out-of-state landlords or buying vacation homes.

Here's a breakdown of the data. From https://vtdigger.org/2022/08/12/wildly-unusual-census-shows-explosion-of-migration-into-vermont-in-pandemics-first-year/

>More than 4,800 people moved to Vermont between 2020 and 2021, the highest net migration total the state has reported in at least a decade, according to U.S. Census Bureau population estimates.

4800 people is around .7% of the population.

Rest of data is from https://www.vermontpublic.org/podcast/brave-little-state/2022-02-03/how-can-vermont-solve-its-housing-crisis

>* In 1999, 4.8% of medium-priced homes were sold to corporate buyers,” Joe says. By 2018, that number jumped to 20%.

> * As of a couple years ago, nearly 20% of Vermont’s housing stock was being used seasonally, not year-round, which is a higher percentage than most other states. And that number has likely grown since the pandemic took hold.

That 20% from 2018 is now out of date. This says it's up to 26% now.

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