Tim Johnson

As Island Housing Crisis Grows, So Does Need for Solutions

Wouldn’t it be great for all Islanders and our real estate community to unite to preserve our housing and our community together?

Wouldn’t it be great for all Islanders and our real estate community to unite to preserve our housing and our community together? I think it’s the only way. As a real estate broker working on affordable housing for 20 years I can say there is no silver bullet that will solve the problem or create the solution we need.

Our housing market is under pressure of an intensity we’ve never seen. We are at record low inventory levels and there are only about 18 homes for sale under $1 million. The first year-round home is in the mid 600s and at that price there’s a lot of work to do. Land is evaporating and rising in price fast. Significant numbers of year-round and seasonal affordable rentals are going off the market as some owners either are using their homes or selling them to take advantage of the strong real estate market. Many Islanders trying to buy homes here are being outbid and outmaneuvered by wealthier second home buyers looking for a safe place to go and investment buyers looking to maximize profits. The sad truth is you can be doing great on the Vineyard and still not be able to buy a home.

Something has to be done. Actually several somethings.

For homeowners thinking about selling, before you put your home on the market, please consider offering it to Islanders first. It’s not necessarily going to be a huge compromise on your part, nor would you take less money but it could go a long way towards keeping people on the Vineyard. Brokers are inundated with hard-working Islanders who cannot find an opportunity or get a break. Lots of buyers today are qualified and the banks here are working double time to help make things happen.

For real estate brokers, when you are taking lower end listings, say under $800,000 for example, please talk to your sellers and ask them if they would like to see their home sell to somebody local. They know there’s a housing crisis. The only risk is to not sell at the absolute top and instead do something that helps preserve the community. Maybe one day we’ll have some subsidies to bring pricing down and allow us to buy market rate homes and reprice them for Islanders but that day is in the future. Over the past few years, on two separate occasions I’ve asked my sellers if they would consider selling to local Islanders, and both times they said yes because they are aware of the terrible housing problem we have here. Even if it’s for 30 days — Islanders only, that’s a small effort that can make a big difference. Let’s give the locals a chance. Let’s call it the MV30. Owners have the right to choose and it is not a matter of discrimination, it is a matter of self preservation. It can be beneficial to the community, the agent and the owner.

Yes, we need to build more homes but building isn’t the only or best solution. We also need to create systems in place to keep the homes from selling out of the market and keep the people locally in a position to compete, keep the rentals rentable and affordable so people can have a quality of life that comes with home security. We have one big issue that needs major work: zoning. We need Islander-friendly zoning that allows more homes in tighter clusters, we need to be able to take existing homes and turn them into multi-family buildings so we have more rentals. We need to accept that the solution to creating more or better permanent Islander housing is going to require us to be a little more uncomfortable. We need a consistent revenue source like a housing bank that supplements or eliminates the constant need for the housing agencies to reach out to the benevolent members of Vineyard society annually hoping for large checks.

My last ask is to the community at large and all the people who stand to benefit from changes in the housing situation. That might be the businesses as well as all the next generations to come. It’s time to stop being passive and wait for everyone else to solve the problem for you. The solution to this longstanding, out-of-control problem requires all of us to get involved. Here’s your action plan: talk to your town selectmen and use your voices. Write letters to the boards, the MVC and join a movement, be tenacious and consistent. It’s not a lot of time but it is a commitment to change that requires widespread effort — it’s a power in numbers kind of thing.

My hat is continually off to the many wonderful people who daily confront the housing crisis and try to make it better. However, if you look at the people trying to solve the problem of affordable housing on Martha’s Vineyard, most of them, if not all, already have houses. Their voices are strong but the truth is that the change we need is bigger than them and It’s in the interest of you, me and the long-term future of the Vineyard that we join together and unite in a positive way for change. We need you.

Jim Feiner is the owner of Feiner Real Estate in Chilmark.

Comments

Submitted by Anonymous (not verified) on Thu, 01/14/2021 - 18:42

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mike Somewhere

The towns could also create affordable lottery lots, that only residents would be able to apply for. One issue I have seen though is - someone moves here, becomes a resident, then qualifies for the lottery and wins. People that were born here have the same problem as they always did - more people in the pool decreases their chances of getting something they can afford. What is being preserved? a resident or a born here resident. Its a problem. How long does someone have to live here to qualify? Born here? 20 years? It's going to get full and there will be no more room in the future is a given.

BCS Oak Bluffs

Why would anyone who was "born here" have any more right to live here than anyone else? It seems that many of those "born here" with the advantage of a great educational system and knowledge of the people and the area can't seem to make a go of it yet immigrants from other countries with less education and little knowledge of the area or the language can come here and thrive? I think we have a work ethic problem , not a housing problem.

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 10:42

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Bob Edgartown

The only way to preserve housing stock in the future is with deed restrictions. we have to decide are we providing housing for people to live and work here? Or are we providing investments for people to grow here? The people who benefited from the early housing subsidies by taxpayer dollars won the lottery. All they had to do was own a house for 10 years then they could sell it at market rate and many of these people made hundreds and hundreds of thousands of dollars. The issue was they were subsidized by taxpayer dollars which is certainly not fair.

Jim Feiner CHILMARK

Bob- I agree that deed restrictions, especially when the property in question is being created or subsidized through public funds is important. The Youth lot program is what you were referring to and while I am not familiar with all the towns, in chilmark we are not typically creating any more non-restricted properties. Using a ground lease through IHT is another avenue for long term asset protection.

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 11:45

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David Island

Wouldn’t an islanders only policy violate fair housing laws? Seems like it would perpetuate the whites only discrimination that was endemic on most of the island in the past.

Jim Feiner CHILMARK

David- I can sell my home to anyone I choose at any price I chhose and it is legal as long as I am not discriminating based upon the below guidelines of the fair Housing Act. I am suggesting that sellers can offer their home to islanders first and if no one steps up the the plate then its open game for the whole market. Many all-cash buyers are swooping in and snagging investment/ 2nd homes with better terms from islander who need a place to live. I'm just saying what is possible.

The Fair Housing Act, 42 U.S.C. 3601 et seq., prohibits discrimination by direct providers of housing, such as landlords and real estate companies as well as other entities, such as municipalities, banks or other lending institutions and homeowners insurance companies whose discriminatory practices make housing unavailable to persons because of:

race or color
religion
sex
national origin
familial status, or
disability.

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 13:12

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Jonathan K. MVY

This article sounds like propaganda to me. It serves in prepping us for a complete government overreach that's coming your way soon and YOU are going to vote for in your next town meeting. We're putting hundreds and thousands of dollars into this EVERY year YET we still seem to have a "housing crisis". How about we start with real estate brokers not charging their fees for island residents who try to buy here? Just a thought...

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 16:07

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Mike Somewhere

Like it is,
All true
A problem
How about a complete moratorium on any new housing
The population would have to exist within what is already there
An Island

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 16:27

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Lou, VH VINEYARD HAVEN

Time to take the Land Bank fee and appropriate it within the towns at a 50/50 ratio so the towns can buy land for multifamily, or youth lots. I know this would require legislation and goes against the grain, but we are at a tipping point as only the super wealthy will be able to sustain property here as tax assessments keep in step with valuations. This is a complex problem that needs more than preferential allotment, and I have no problem with paying a surcharge that would help residents sustain their housing especially those that have grown here, been part of the community, only to be pushed off island because they outgrew their family home. It's just the right thing to do...what good is this island if they can't call it home and spread their own roots. How can we say it's tough, deal with it. I've read the other comments, share all your sympathy but time to shake that tree.
"We need our families together " the Hawaiian's call it Ohana, they foster a system designed to benefit natives, I don't see why it can't work here.

BCS Oak Bluffs

So if we do as you say and the towns buy up a bunch of land for affordable housing that may be a temporary fix but you just bought up a bunch of land making the remaining land more expensive. Where would it end? Do we choose which future generation would be cut off entirely? Islanders for the last 40-50 years have by a super majority at town meetings enacted zoning by-laws which have had the effect of ensuring that housing will not be affordable on the island. Maybe these supporters should put an article on the next warrant to change the 3 acre zoning in Chilmark to quarter acre lots. That would go a long way to helping the so called crisis.

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 18:01

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Chris Ob

I came to the island as an independent contractor. It was painfully clear that as long as the wealthy got their homes cleaned. dinner served at the restaurants, and yard work done they didn't much care about the people who were providing these services. Locals should absolutely have a level playing field as far as land prices or home affordability. MV may not be so attractive if the wealthy have to start pulling a shift at the restaurants or mowing some grass.

Submitted by Anonymous (not verified) on Sat, 01/16/2021 - 10:21

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Linda West Tisbury

I believe a major conversation needs to be had about a rental developments. Not everyone can buy, but they also can't afford or find year round housing. There should be multiple rental developments available in every town. I know it's not the "Vineyard Way", but we either address the need for year round housing on a large scale or continue to use Band-Aids to stop a flood. The Pennywise Project is a ridiculous use of land and subsidy. There are 60 units on 12 acres. There should have been at least double that in such a large space. There are hundreds of families and workers that need year-round, reasonably priced housing. The MVC and towns need to address their priorities. Either we house people and sacrifice some perceived image or continue to let the problem continue.

Submitted by Anonymous (not verified) on Sun, 01/17/2021 - 09:43

In reply to by Anonymous (not verified)

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Melissa Vineyard Haven

Linda,
I agree completely, rental developments are an affordable option for many and if done correctly and managed correctly, would be an asset to any town on the island. At this rate, there will be no place for our teachers, nurses, store clerks, and many others to live.
I was born and raised here, and while I am pleased with the properties that the land bank has saved, and made available for many to enjoy, I feel that they should also give back and help with the housing solution. Imagine the possibilities if all of these organizations would work together in creating a solution to the housing crisis.

Submitted by Anonymous (not verified) on Sun, 01/17/2021 - 11:19

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Clark New Jersey

The issue you describe is real but not unique to MV, For example, I was born in Manhattan but can't afford an apartment there as much as I wish I could. And so I commute to NYC daily about 1.5 hours each way. Millions of people do.

Submitted by Anonymous (not verified) on Mon, 01/18/2021 - 20:15

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Ken Edg.

Nothing about the wastewater problem on the vineyard. I think the Edgartown wastewater plant is still shut down for pump outs. New septic systems are around 30k now. Maybe its time to do something.

Submitted by Anonymous (not verified) on Sun, 06/06/2021 - 19:00

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Chris Ob

Where does the mv land trust tax go? While I am sure it goes to a noble cause, but why not redirect it to help solve the housing crisis that the full time residents and seasonal workers are struggling with. They could use it to build affordable housing, this could be especially powerful given the current real estate environment.

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