Stamford needs more than cheaper rent
As someone who grew up here, I often see people on here complaining about the cost of renting - needing roommates, experiencing rent hikes, etc.
However, I think a different approach is needed for affordability in Stamford. Huge apartment complexes are constantly being slapped up, but noticeably absent is the ability to actually buy condos. All are owned by large companies that make huge money milking rent out of longtime Stamford residents who would rather own property.
I haven’t heard anyone talking about this and quite frankly I am much more concerned about this as a trend in Stamford compared to rent prices as someone who wants to own a home here one day. I think that our politicians should only approve property development where a portion or all of those units are for sale individually rather than rent-only options. And the HOA fees are out of control as well - if you manage to buy something you pay rent to them instead. It all feels like a big scam and I don’t know if anyone else feels the same way.