ANALYSIS — “Vermont’s households are shrinking” and “Vermont needs more homes” are the same sentence twice. Neither one explains why the homes don’t exist.
Building more is not going to drive the costs down. You think the Builders are going to take/make less money to build them??? Supplies ??? How about the Developers who build Apartment buildings??? Taxes! Think they will come down too??? Sorry Andrew, supply and demand don't apply here. EVERYTHING has become over rated,over valued and over priced! It's no wonder people are leaving the State....
There are too few options for sale, keeping prices high. If we can up supply and create more churn in the marketplace I do think prices will improve. Build smaller homes for entry folks and, more importantly, older folks downsizing. That older home stock will offer other buyers price points to enter or move up in the market. My wife and I are pending empty nesters in a large home. We could sell for a nice profit. But where are we going to move locally? Increased supply and options helps a lot.
Vermont doesn't have a Housing shortage, it has a pricing/affordability problem....
Doesn't the basic law of supply and demand then say that we need more supply to drive down the prices?
Building more is not going to drive the costs down. You think the Builders are going to take/make less money to build them??? Supplies ??? How about the Developers who build Apartment buildings??? Taxes! Think they will come down too??? Sorry Andrew, supply and demand don't apply here. EVERYTHING has become over rated,over valued and over priced! It's no wonder people are leaving the State....
There are too few options for sale, keeping prices high. If we can up supply and create more churn in the marketplace I do think prices will improve. Build smaller homes for entry folks and, more importantly, older folks downsizing. That older home stock will offer other buyers price points to enter or move up in the market. My wife and I are pending empty nesters in a large home. We could sell for a nice profit. But where are we going to move locally? Increased supply and options helps a lot.
Somewhat enlightening article but obviously written by AI.