It is not happening at any real scale. Even the pandemic's migration that vt digger called an "explosion" (in my opinion, irresponsibly so) was only a .7% population increase. That is absolutely tiny. Before that, we were seeing a net migration out of the state.

That's not to say it won't happen, but Vermonters talk a lot about the influx of "out-of-staters" moving here anytime housing comes up. Everyone has a story about the house their buddy wanted to buy but some out of stater bought it in all cash sight unseen. Those are investors, not people moving here. It is exceedingly rare for regular families to buy houses in cash sight-unseen.

Investors are buying more than 20% of all SFH on the market. This is an international phenomenon, affecting people from huge cities like London and Vancouver to the towns our delightful little backwater. As wealth inequality reaches increasingly insane levels, large investment firms are looking for more places to deploy their ever-increasing capital, and they are moving more and more of their money into buying property, making housing increasingly unaffordable for regular people.

This is a rent trap. Younger generations are being forced to become lifelong renters, creating a generation of lucrative investments for the largest landlords and screwing over everyone else. When we talk about the influx of out-of-staters, it suits them. It diverts the attention from the real problem. Don't let the rich get away with it while we squabble amongst ourselves fighting over scraps.