I know that the numbers aren't yet staggering, but is this trend of concern to you? With the State's financial condition worsening, do you think that there should be cause for alarm, or caution in investing going forward?
@Paul Bergagna To cut it short and sweet, yes CT has a problem but it should not be treated as the "sky is falling"
The main issue, after taking a Market Analysis course in CT, is that we are losing our "good" 100k+ jobs and replacing them with 40k jobs. As you know, real estate tends to always focus around job growth.
As far as total population trends, don't be alarmed. We have great proximity between boston and new york, top colleges, 4 seasons, etc.
My easy to explain take on the whole thing, on a very small scale this "should" not matter too much, but if Im looking at VERY large residential, commercial, office, retail then I would be worried. But a solid 4 unit, in a town that you are an expert, managed well, you should be fine. Again, don't let the headlines dictate whether you invest or not. Are there other places better than CT to invest? Yes and no, all depends on your investment goals and risk tolerance.
@Paul Bergagna To cut it short and sweet, yes CT has a problem but it should not be treated as the "sky is falling"
The main issue, after taking a Market Analysis course in CT, is that we are losing our "good" 100k+ jobs and replacing them with 40k jobs. As you know, real estate tends to always focus around job growth.
As far as total population trends, don't be alarmed. We have great proximity between boston and new york, top colleges, 4 seasons, etc.
My easy to explain take on the whole thing, on a very small scale this "should" not matter too much, but if Im looking at VERY large residential, commercial, office, retail then I would be worried. But a solid 4 unit, in a town that you are an expert, managed well, you should be fine. Again, don't let the headlines dictate whether you invest or not. Are there other places better than CT to invest? Yes and no, all depends on your investment goals and risk tolerance.
If this does become a serious issue, there is one advantage, housing prices will decrease as demand decreases (and therefore supply increases). So if you are an investor this can turn into a real opportunity. Also with amazon moving next door thas gonna ripple into the CT housing economy (just a guess no data for that one).