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Friday, January 8, 2016

Will Jeffersonistas buy your home?

Here is what JPI is saying about buying vs. renting at its newest development in Farmingdale on Long Island across from the Farmingdale LIRR station.

While we have heard some local residents posit that Jeffersonistas will buy their home, given the  pitch in the link below, it seems this might be magical thinking. While there are always trade offs in buying or renting, do you know anyone who is truly prosperous as a renter?  Notably, the rents in Jefferson Station in Farmingdale are quite high so the chance to save for a downpayment are attenuated.


True long term wealth has always been property based. Last we checked,  land is a finite resource.

"Here are our reasons to rent vs buy....

https://www.farmingdaleplaza.com/reasons-to-rent-vs-buy/


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