Viewing a single comment thread. View all comments

1234nameuser t1_j6hsiev wrote

Reply to comment by rubyslippers3x in Rent or buy in Fairfield County, CT? by emalways

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

−4

rubyslippers3x t1_j6huhh4 wrote

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.

5