Fleeing New Yorkers squeeze surrounding housing markets

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With many New Yorkers moving to neighboring Connecticut during the pandemic, especially Fairfield County, it's becoming more challenging for people to find affordable homes to buy.

Angel Garcia, a single father approved for a mortgage loan of $300,000, had high hopes in early 2020 of finding a house he could afford in his hometown of Stamford, Connecticut.

An influx of people relocating to the state and in particular Fairfield County, on the New York state line, has been celebrated by many including Gov. Ned Lamont, who said in his State of the State address last week that it showed a desire for more spacious living arrangements and an appreciation of “Connecticut values.”

“We absolutely can see it. And it’s just making, I think, the level of inequity more glaringly obvious,” she said. In metro areas across the country, big-city dwellers relocated this year to smaller cities, according to Updater, a relocation technology company that has tracked national moving trends during the pandemic. Connecticut saw more people move into it than out of it for the first time in three years, according to Updater, which said Stamford was the top destination for relocating New Yorkers.

“Whatever the reason,” Lamont said, “tens of thousands of young families have moved to the state for the first time in a generation because they recognize and appreciate our Connecticut values.

 

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Even Lucy & Ricky.

Don't worry the migrant Caravan is on their way to America's borders

See Reno, NV.

Fairfield county is one of the wealthiest counties in the United States, they'll be fine.

Imagine thinking Connecticut is far enough away from New York

Fairfield county was already the worst place in this country

That's true in a number of places right now. Santa Fe, New Mexico. Bozeman, Montana. Two I personally know about.

Yeah, and we keep trusting the very same people that look like our friends but again and again keep screwing us over and over.

Welcome to the North East! Been this way for years.......

The fleeing New Yorkers should have set up tents outside the Grace mansion.

Echoing California.

And the what about the accountability of the government?

Supply and demand.

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