No-Ganache7168

No-Ganache7168 OP t1_jeg8lzc wrote

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

2

No-Ganache7168 OP t1_jecwj1o wrote

There are more apartments but it’s not affordable. There’s a very large new development underway but given the cost of new housing I’m sure the rent will be market rate. Why would a private developer opt to lose profits? Makes no business sense.

The local affordable housing organization purchased 25 of the new apartments with a few million in grant money, which will add to the affordable housing pool but we need more. Here’s a link to one of the larger rental companies if you want an idea of what’s available on the open market https://gmmvt.squarespace.com.

8

No-Ganache7168 t1_jeaxpnh wrote

My mom lives in public housing in another state and doesn’t have to deal with drug dealers and people shooting heroin bc it’s for people 65 and older with certain income limits.

Elderly Vermonters shouldn’t have to put up with this. Create rehab housing and put them there if they’re willing to get clean.

8

No-Ganache7168 t1_jdvztzf wrote

Thanks for posting. We have always gotten rescues and purchased our first golden puppy last year from a local breeder. He was expensive but we met the parents, received the paperwork with his pedigree and have since got together with his siblings all of whom are beautiful examples of the breed.

I cringe when people buy dogs off Craig’s list or from Amish farms who sell to anyone. We had to fill out two applications

3

No-Ganache7168 t1_jdkjnwc wrote

When I got married my husband and I bought a $150,000 home that was 1000 square feet with three small bedrooms one upstairs bathroom and a half bath in the basement. It was on a 100X150 lot. Would first time homebuyers purchase such a home if more were built? It seems everyone wants a 2,000 SFT home on a few acres. Of course, those homes are going to be more expensive

4

No-Ganache7168 t1_jdkiyfr wrote

Vermont has always had second homeowners. The shortage started to escalate when people who otherwise couldn’t afford second homes bought them bc they could rent them on Airbnb with little financial risk.

They started buying them with small down payments. In most areas they can pay their mortgage while still using them for several weeks or months per year. I have a neighbor who lives in NYC but stays here from December through march so her daughters can ski. She and her husband work from home and fly to nyc once a month. The rest of the year they rent their home for $400 a night and based on the cars that come and go they have a high occupancy rate.

Would they have purchased a second home if they had to pay two mortgages? I have no idea but having a second home that also generates income is a good deal.

As far as the Stowe people mentioned are concerned, most have more than one home and rent out the second to pay for both mortgages. It’d not like they are renting rooms above their garages.

1

No-Ganache7168 t1_jcvwcdi wrote

Reminds me of years ago when Stowe Mountain Resort (now Vail) got the permits for its new village. If you're a millionaire you can afford a ski-in, ski-out villa or a share in the grand hotel. None of the development has provided housing for locals. If anything, the expansion of the resort made stowe more attractive to second n, pushing more locals out.

75

No-Ganache7168 t1_jc8l0im wrote

Lol. I laughed at gay activities. My gay friends like the same activities as I do. But I agree about visiting off season. It’s cheaper, too. There are interesting galleries and museums and tours you can take if you want to venture off the beaten path.

4

No-Ganache7168 t1_jbcz3eh wrote

Jobs are plentiful but they pay less than most other places. Rents are outrageous if you can find an apartment. It makes saving for a home very difficult.

I live in lamoille county. The only people that seem to do well financially are those who bring money they made somewhere else and work remotely or part time as consultants while they spend down their trust funds

3

No-Ganache7168 t1_jbba7zo wrote

My babies have been in lakes and swimming holes since they were a few months old. Just slather on the baby sunscreen and put them in a waterproof diaper to avoid contaminating the water. Also, watch out for warnings about bacteria which will sometimes pop up in state parks

1

No-Ganache7168 t1_jb3iksf wrote

For our 25th anniversary my husband had my engagement and wedding rings redesigned in a new setting. We were on a tight budget when we got married so we bought what we could afford. We went to perrywrinkles in Burlington and the designer did an amazing job with the ideas and budget we brought to her.

I get compliments on my rings all the time as I work with my hands so people notice.

1

No-Ganache7168 t1_jacv46n wrote

I send my child to private school for middle school only due to bullying, racism and a poor curriculum. I don’t expect taxpayers to pay for it. But I disagree public schools need more money to provide a better education. Pretty much all private schools spend less per student than public ones. My child has all academic courses along with art, music and PE. The local public middle school required students to take non-academic courses to fill holes in their schedule and the math and science curriculum are years behind. Plus there’s a no homework policy and no letter grades. The per-pupil cost is twice as much as my child’s tuition. And bullying is ignored even when committee based on race, gender or sexual preference.

The local high school has a great curriculum based on what each student wants to do after graduating and bullying and racism are addressed promptly and efficiently. It will be a great financial relief to benefit from the schools I support with my tax dollars.

9

No-Ganache7168 t1_jabcleo wrote

My teen was suffering from an ED and had to drop out of school last year and it took 2 months to find her a counselor with help from her pcp who treated her in the meantime. No one was taking new patients. The one who finally took her did not specialize in ED. We called every mental health provider who does specialize within driving distance and none were taking new patients.

9