Neil Johnson: Housing in the Vermont I grew up in

Editor’s note: This commentary is by Neil Johnson, of Johnson Real Estate Group Ltd. He is a resident of Waitsfield.

Reading the Valley Reporter and discussing housing brings sadness to me. Since I started real estate in 1986, there have been studies, money spent, and more money spent. In reading the paper today, yet more money is to be spent. What of it? There is a housing squeeze of epic proportions. Let’s just talk about the last three weeks of activity in my office.

Neil Johnson

I’m an acquaintance with three people who are homeless and bouncing around. We rented a condominium last week for $950 per month. I had 30 qualified people to enjoy the place, both from in town and within an hour’s driving distance. Within one hour of posting on Craigslist I had 12 inquiries. If I were not banned from Front Porch Forum for stating obvious expenditures of a pocket park, I’m sure I would have had many more. There were many people I knew, and knew would be good tenants, but I only had one place to rent. It’s not right; it’s never been this bad. Do you know how depressing it is to have people lined up needing a place to rent, and having to say no, or not being able to have a place for them to rent?

The proposals before you are not for the average working person. They are subsidized housing.

Meanwhile the working, retired, single person has nothing. It used to be we all got along. In East Warren, there were trailers and modest homes next to mansions, with no issues. Now we only have mansions.

If we were allowed to build, given the green light to build affordable housing, similar to the Commons in Moretown, I could fill it in five days’ time. If we allowed boarding homes, people could have an affordable room to rent. A modest home is the foundation for financial stability, for family stability, for prosperity. Yet here in the Valley, here in Vermont, we’re making it almost impossible. We are creating our own problems and many people are getting rich off keeping people poor.

I’ve heard every excuse in the book — the truth is, our leaders don’t want it. Our state doesn’t want it. Those who write the regulations based upon Agenda 21, don’t want home ownership. They are all promoting lies and excuses to make lots of money and have everyone renting from the state or their cronies. It’s a great inside game if you are connected. We could have decent affordable home ownership, as these are good people, but we’ve lost sight of the American Dream.

I’ve been to the committees, I’ve been involved, I’ve offered solutions. It goes back to ‘we need subsidized housing and a sewer plant in Waitsfield,’ in keeping with Agenda 21. Sadly, those with the power to make decisions don’t want modest home ownership, it’s that simple. It’s coming from the state down, too, make no mistake. People are making a ton of money building rental properties, subsidized by the state (you) — for building, permitting, paying the rent at $525 a square foot. To put that expense in perspective, the latest luxury condominiums built were around $423 per square foot. (This is the reason we don’t have home ownership. People are making a lot more money off subsidized housing. It’s a poverty trap to boot.)

It’s a Vermont problem, created by our own doing. It is not just a Valley problem. It’s a sad situation that could be solved with no money in about 6-18 months across the entire state, if we only wanted to solve the problem. We need the ignore the mandates from the United Nations, Agenda 21 and get back to the American agenda of home ownership.

Image courtesy of Flickr/401kcalculator.org
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6 thoughts on “Neil Johnson: Housing in the Vermont I grew up in

  1. Don’t hate me, but you can’t fix stupid. ALL the VERY minority of responders to all of TRU articles, …complain, complain and complain…that they have had enough and time to vote GOOD people to the legislature. GUESS WHAT! I won’t ever, ever, ever happen. Vermont is liberal, liberal, democrat controlled forever.., progressive….socialist.. and then more liberal …more BLM and more ANTIFA. You just have to do what is right- with the ONE LIFE you have on this earth…Get out!. VT will never change and it will only get worse.. It is a losing day dream to ever think you can change it…by angry posts on TRU.

    I moved 2,700 miles to get as far away as I could from VT…after 30 years! ……and for my retirement years I am savig a fortune $$$$$$$. Wise up you all…VT is done, long term…toast… Other peoples money always runs out. The federal COVID money only gave VT a 2 year reprieve. But the legislature blows that on silly stuff.

    • I haven’t done a construction loan with Union Bank in some time. They were the only bank that would allow and owner to build a home and give them financing. If the people are at all bankable I think you’ll find that Union Bank is excellent to work with, outstanding actually. Hopefully they still do that type of financing. People loved the program, rightfully so.

  2. Hi Neil,
    You are quite correct, The American Dream has been stolen, replaced by the legislated markets you identify here.
    I recall this happened to the 99 cent fluorescent light bulb when I was in business. It was outlawed and replaced by a new $2.50 bulb, at first no one told us this new bulb would ruin the ballast of your light fixture so when your fixture died the market grew by virtue of the law that created it. Of course there was always an environmental reason to justify the creation of the new product, even if it was more toxic than what it replaced.

  3. Funny this “situation”, Neil’s right & it’s the banks also not just the state. Here in North Troy I have an empty home next door that needs re-hab, and another on Main St. that’s been empty for YEARS, another across from the D/G store which, like the one next to me is easily 4 bedrooms. The banks will NOT lend money to young people/families to buy these affordable houses & fix them up yet they have lent money to a local..”landlord” to turn a bunch of Victorian houses into apartments? About 1/2 the places on RR Street are NOW apartments. In 2001 I could not believe I found a post& beam house here for the price of a used VCR, sure it needed wiring, windows, plumbing, etc. but I had it gutted & livable in 3 months working 8 hrs./day w/a helper. I was lucky & didn’t NEED the banks. WHY do we allow these old homes to ROT while folks are homeless? It’s truly nuts..SM.

    • Union Bank may be your answer.

      I haven’t done a construction loan with Union Bank in some time. They were the only bank that would allow an owner to build a home and give them financing. If the people are at all bankable

      I think you’ll find that Union Bank is excellent to work with, outstanding actually. Hopefully they still do that type of financing. People loved the program, rightfully so.

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