Connecticut's a disaster. Good time to buy?

[Ivan Wong]

Connecticut is in rough shape. Aetna is moving out of Hartford. Lost GE. Population and jobs shrinking dramatically the last few years. High end housing inventory increasing and prices dropping. Interest rates slowly rising. Is it a good time to start buying properties or wait it out?? Curious of investor's opinions.

[Jason A.]

you can uncover attractive opportunities, but on a macro level it is not a great place to be; price appreciation and taxes could easily move against us over coming years. 

I think of it like this - the stock market could be in a down trend, but there are still names that will hold their own if you do the work. 

You have to be able to add value in a CT property due to its proximity... if you can't / don't wish to be hands on ... then why not invest in more attractive markets in other parts of the country. that's the test. can your active involvement in the property overcome the macro headwinds. 

http://www.wsj.com/podcasts/the-best-markets-to-buy-single-family-rentals/A9F8539B-6F79-4497-AE04-50FE65685653.html

http://www.realtytrac.com/news/home-prices-and-sales/q3-2016-single-family-rental-market-report/