[kidyankee764]

Originally Posted by JayCT

You seem to think that these are mutually exclusive. Just because you are not seeing the overall numbers increase does not mean that there aren't some employers hiring a lot of people. No one has claimed anything otherwise. I have given you several examples of this so there is no denying some employers here are expanding at a good pace.

The same thing goes for the ranking on Millenials moving to New Haven. You do not have to have a big increase in employment or population to have a high number of Millenials move here. And again no one is claiming otherwise. Jay

You’re missing my point. We can debate all day long here what is or isn’t happening, but until actual numbers are put out re: job creation or losses, none of us knows for sure.

[kidyankee764]

Originally Posted by Beeker2211

Aside from the those starting and expanding here.

I think that it’s an obvious assumption that those just starting here (citation please) aren’t making a statement by leaving - lol.

[jjbradleynyc]

Originally Posted by JayCT

Uhhh... I have NOT seen anything that dramatic. Not even close. There are 10 homes on the market in Westport under $500,000 but according to their price history, none were ever listed near $750,000. I don't think any were even over $600,000. Please post these homes. Jay

Well, these snapshots below show a mix of home prices that have dropped prior to the 2008 crash and today, and price drops from just a year or two ago, and today.

I think the overall takeaway here is that the real estate market pricing has softened considerably.

There are more samples for sure, but for time's sake I couldn't post.


Stamford:

*listed now @ $649,900, sold in 2005 for $760,000
https://www.realtor.com/realestatean...-26099?view=qv

*listed now @ $649k, sold in 2014 for $730k
https://www.realtor.com/realestatean...-13490?view=qv

*listed now @ $569,900, sold in 2008 for $845k
https://www.realtor.com/realestatean...-32041?view=qv

Westport:

*listed now @ $799,000, initially listed at $1,150,000 in August 2018
https://www.realtor.com/realestatean...-06521?view=qv

*listed now @ $679k, sold for $980k back in 2006
https://www.realtor.com/realestatean...-29150?view=qv

New Canaan:

*listed now @ $765k, dropped down from $850k in late 2017
https://www.realtor.com/realestatean...-49976?view=qv

*listed now @ $750k, dropped down from $875k in 2017
https://www.realtor.com/realestatean...-29435?view=qv

[hvexpatinct]

Originally Posted by jjbradleynyc

That $800k was primarily targeted at Lower Fairfield County. But in Danbury you would still be looking at 500-550k for a decent 4 bed house.

Hartford area ain't cheap though, you would be looking at $300k with higher taxes for a 4 bed house, say in Manchester, and $350-400k in Rocky Hill.

Anyway, it's pretty dang pricey in both areas for an average home.

I still don't agree. You can get a decent 3br in the high 200s in New Milford. Brookfield isn't that much more expensive. Newtown and Southbury have nice 4br options in the high 300s. The housing for income in the Hartford area is very affordable, even if the taxes are on the high side in a number of the towns.

[Lincolnian]

Originally Posted by jjbradleynyc

Well, these snapshots below show a mix of home prices that have dropped prior to the 2008 crash and today, and price drops from just a year or two ago, and today.

I think the overall takeaway here is that the real estate market pricing has softened considerably.

There are more samples for sure, but for time's sake I couldn't post.


Stamford:

*listed now @ $649,900, sold in 2005 for $760,000
https://www.realtor.com/realestatean...-26099?view=qv

*listed now @ $649k, sold in 2014 for $730k
https://www.realtor.com/realestatean...-13490?view=qv

*listed now @ $569,900, sold in 2008 for $845k
https://www.realtor.com/realestatean...-32041?view=qv

Westport:

*listed now @ $799,000, initially listed at $1,150,000 in August 2018
https://www.realtor.com/realestatean...-06521?view=qv

*listed now @ $679k, sold for $980k back in 2006
https://www.realtor.com/realestatean...-29150?view=qv

New Canaan:

*listed now @ $765k, dropped down from $850k in late 2017
https://www.realtor.com/realestatean...-49976?view=qv

*listed now @ $750k, dropped down from $875k in 2017
https://www.realtor.com/realestatean...-29435?view=qv

Yes, prices have dropped in most places in CT for homes above $300,000. Some towns are at 2002 prices for homes in the over $300k range. However, demand is strong for homes under $250k in many areas. Condos under $125k typically sell very quickly in popular locations and some towns have next to zero inventory in that price range. It's largely related to rental prices. An inexpensive condo often is $300 to $600 per month less to own than renting that same condo. A similar situation is true with inexpensive homes. However, once you get over $250,000 on a single family home the rents rarely cover the costs. Buyers are very demanding in the Hartford area for a $400,000+ home. They are harder to sell and they need to see great value. This is translating into homes that were previously selling much higher selling for lower prices. With a few exceptions the farther the price is from $300k generally the larger the discount from the previous purchase price if purchased in the past 10 to 15 years. This is a good thing for buyers and those with a good job looking to move up. It's not such a great deal for those looking to move out who have purchased an expensive home within the past 15 years.

[JayCT]

Originally Posted by jjbradleynyc

Well, these snapshots below show a mix of home prices that have dropped prior to the 2008 crash and today, and price drops from just a year or two ago, and today.

I think the overall takeaway here is that the real estate market pricing has softened considerably.

There are more samples for sure, but for time's sake I couldn't post.


Stamford:

*listed now @ $649,900, sold in 2005 for $760,000
https://www.realtor.com/realestatean...-26099?view=qv

*listed now @ $649k, sold in 2014 for $730k
https://www.realtor.com/realestatean...-13490?view=qv

*listed now @ $569,900, sold in 2008 for $845k
https://www.realtor.com/realestatean...-32041?view=qv

Westport:

*listed now @ $799,000, initially listed at $1,150,000 in August 2018
https://www.realtor.com/realestatean...-06521?view=qv

*listed now @ $679k, sold for $980k back in 2006
https://www.realtor.com/realestatean...-29150?view=qv

New Canaan:

*listed now @ $765k, dropped down from $850k in late 2017
https://www.realtor.com/realestatean...-49976?view=qv

*listed now @ $750k, dropped down from $875k in 2017
https://www.realtor.com/realestatean...-29435?view=qv

Maybe I misunderstood what you wrote but I thought you meant that the asking prices on houses were dropping from $750,000 to $500,000. Yes, home prices have dropped from their peaks before the recession, but that is the case for most of the country except for a few areas. Jay

[JayCT]

UTC CEO Greg Hayes says it’s “patently false” that Massachusetts was selected for the UTC-Raytheon headquarters because of taxes. Jay

https://www.courant.com/politics/cap...xw4-story.html

[JayCT]

While I don’t agree that Connecticut could have done anything to change UTC’s or Raytheon’s decision to locate their merged company’s headquarters in Massachusetts, some of these are good suggestions are worth pursuing. Jay

https://www.courant.com/opinion/op-e...5zy-story.html

[Beeker2211]

Originally Posted by JayCT

UTC CEO Greg Hayes says it’s “patently false” that Massachusetts was selected for the UTC-Raytheon headquarters because of taxes. Jay

https://www.courant.com/politics/cap...xw4-story.html

Looks like it was a horse trade to keep Hayes on as the CEO of the new company, that and a slight majority of the board members for current Raytheon members.

[BobNJ1960]

Originally Posted by kidyankee764

The businesses who have the means to do so have spoken - with their feet.

sad, but true