rubyslippers3x t1_j6gmjfx wrote on January 30, 2023 at 4:21 AM

If you can afford to buy, then buy. House prices there will always rise. Unless you buy more than you can maintain. It's a solid market, particularly in lower FC.

WheredMyBrainsGo t1_j6gqzxp wrote on January 30, 2023 at 5:01 AM

This is copium. But if you must live as close to Greenwich as possible then you may as well pay your own mortgage rather than 2x your landlord’s cause you’re going to be paying an inflated rate anyway.

1234nameuser t1_j6hsiev wrote on January 30, 2023 at 12:48 PM

https://www.redfin.com/county/425/CT/Fairfield-County/housing-market

barely matches inflation rate and already down 2.7% yoy

only reason to buy a house is because it affords homebuyers massive gov't subsidized leverage, but entry price is important to long term gains

rubyslippers3x t1_j6huhh4 wrote on January 30, 2023 at 1:07 PM

Umm.. that's not the only reason to buy. Renting you are basically throwing away your money with no chance to reclaim any of it. Buying, you have an opportunity to reclaim some when you sell. You may gain some or lose some. Renting is a total loss of $36,000 every year at $3k/mo rent. As long as you don't buy more than you can maintain, buying is the best option. POV: rented 7 years in FC, owned 4 years in FC.