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[QUOTE="whaler11, post: 2700468, member: 676"]
Owning a house is the most overrated concept on the planet.

Expecting to grow equity in Connecticut at this point is a fool’s errand for anything that isn’t in a handful of towns with top school systems.

I bought my house ten years ago, have upgraded floors, propane fireplace, pool, second deck in a town where the schools are good enough that our hs population is one of the few growing...

Did a refi last year.    The appraiser bent over backwards to come up with a number that was 65k less than I paid after sinking 50k in improvements.   Granted I bought at the worst time in 07 - but almost nothing is appreciating anywhere around here.

Even the weathly beach communities can’t move homes in places like Old Lyme.   There are prices you never thought you’d see again and still nobody buys.

In short anyone telling you that homeownership is a window to wealth development is living in the past.   Maybe it’s true in some places - but it ain’t true here.
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