The answer to Vermont’s ‘underwater’ property market

The answer to Vermont’s ‘underwater’ property market

By Peter G de Krassel

Editor’s note: Peter G de Krassel is the founder of Breaking Housing Matters, and author of the newly released book “Custom Maid Housing for New World Disorder.”

Vermont’s housing has priced itself beyond the reach of most buyers and renters — and is making people more house insecure after July’s record-breaking rainfall and historic flooding that drowned downtown Montpelier and which continued into August. A cataclysmic replay of the late winter flood of 1992, and Tropical Storm Irene in 2011 that has disproportionately impacted low-income areas, and many of Vermont’s 234 mobile home parks, that are built in floodplains.

Manufactured housing, traditionally referred to as mobile homes, account for about 7% of Vermont’s housing. A third of those homes, or about 6,700 are in mobile home parks. The rest on private lots. Some 5,000 Vermonters have reported their residences were damaged, with more than 750 saying their homes are uninhabitable. A disproportionate number is manufactured homes.

Share this post:

Leave a Reply

Your email address will not be published. Required fields are marked *