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Fairfield County, CT and Westchester County, NY


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2009 Jul 17, 12:26am   1,991 views  5 comments

by FMR Tenant in Foreclosed House   ➕follow (0)   💰tip   ignore  

My family and I are currently renting in Fairfield County, Connecticut.  With rates so low and bound to increase, what are your thoughts on whether the real cost will go up or not?  Our price range is $550,000 to $650,000.   Lots of neighbors who used to work on Wall Street, etc., and some have found jobs.Also, if asset inflation is coming, doesn't that mean that housing prices will go up, too?

#housing

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1   Tude   2009 Jul 17, 2:16am  

I know someone in Ridgefield who has been trying to sell for 2 years. They have dropped the price now to 499k from 700k. They bought in 2002 and only have another 20k or so wiggle room until they have to bring cash to closing!

Ridgefield is crashing, and at best at a stand off now. The whole area is f'ed.

2   FMR Tenant in Foreclosed House   2009 Jul 17, 4:08am  

Thanks for your (unverifiable) anecdote and anonymous, unsupported opinion! Please post their listing here.

3   Tude   2009 Jul 17, 5:20am  

http://www.34madeline.com/

I dont think there is a private email function, but you can read all about her trials and tribulations on a couple other internet boards. I know someone who knows her personally as well.

4   Tude   2009 Jul 17, 5:24am  

http://www.zillow.com/homedetails/34-Madeline-Dr-Ridgefield-CT-06877/57345483_zpid/

Sorry, 425k is 2001. And I think they have an equity line and an ARM resetting.

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