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Thanks, this is very helpful. High school is not for another 10 years for us, so we are just not looking that far ahead yet. We may go back to Europe in a few years.
There are dozens of international families in your exact (would-be) situation, living in New Rochelle, going to FASNY, possibly going back to Europe in 3/5/? years. We personally know several families that live in the areas east and west of Pinebrook Blvd in NR. The homes are older, but you can find some that have been gut-renovated and the prices are good by Westchester standards.
Have you looked at Pelham? Excellent schools and your budget would work. Also one train stop closer to GCT than NR.
We have - we are running into the same “issue”. An excellent house in New Rochelle vs an average house in Pelham and we we won’t be using the school system, while taxes are almost twice as high.
Just to follow up on this topic. It seems to be virtually impossible to buy a newish / less than 30-year old house in New Rochelle or Larchmont right now. It’s crazy how there is literally no supply at the moment, very frustrating… any perspectives on how long this is going to last for?
Just to follow up on this topic. It seems to be virtually impossible to buy a newish / less than 30-year old house in New Rochelle or Larchmont right now. It’s crazy how there is literally no supply at the moment, very frustrating… any perspectives on how long this is going to last for?
Rates are still going up but supply is still low everywhere. Rates going up decreases people’s buying power.
Honestly, I don’t think there will be any increase in supply until a recession finally hits.
Just to follow up on this topic. It seems to be virtually impossible to buy a newish / less than 30-year old house in New Rochelle or Larchmont right now. It’s crazy how there is literally no supply at the moment, very frustrating… any perspectives on how long this is going to last for?
We live in Larchmont and absolutely love it, and have friends and neighbors who send their kids to FASNY. I personally much prefer Larchmont (or Mamaroneck or Pelham) over New Rochelle, but there is no doubt that you will get a bigger home for your money in New Rochelle. From an investment perspective, however, a home in Larchmont is worth its weight in gold, whereas New Rochelle's school district makes houses there far less attractive to many buyers.
Rates are still going up but supply is still low everywhere. Rates going up decreases people’s buying power.
Honestly, I don’t think there will be any increase in supply until a recession finally hits.
Agree- rates going up won't get more houses on the market. People who were thinking of selling before will see how much less their houses sell for now that rates are going up.
Will take a recession to force people to sell once they can no longer afford their $15k/mo mortgage+tax payments.
And what about public schools in NR? Any information?
(I have a 5-year and a 11-year old children)
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