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Message: [QUOTE="fatlucy, post: 2701703, member: 6189"] I'm a developer. We study demographics and buying trends. We develop mostly multifamily and hospitality but we're looking at land now in preparation for building entry level housing for young families and retiring Boomers on the next 5-10 years in CT. A large segment of the millennial generation comprised of 80m people is going to start having kids, the majority of the 70m Boomer generation is getting ready to retire, at least part time. CT has one of the best school systems and quality of life in the country. Millenials will move here if we have less expensive entry housing (multifamily/starter homes) in the good school systems and boomers will stay at least part time if we give them housing that's affordable enough that they can spend part of their time in warmer climates or traveling. The cost of educating the millennials is going to drop substantially over the next 10 years to the point where our cities and towns will be closing school regularly. Its not (in large part) because people are moving out (CT has a pop growth of ~1.5%), its because the biggest demographic of kids our country has ever seen is aging out of high school and college. This will help the state get out of its fiscal nightmare. Barring huge increases in interest rates, additional government screw-ups or some unforeseen problems, CT home values should be rising steadily for the next 15 years. Buy a reasonably priced house in a town with an excellent (not ok or average) school systems near an excellent healthcare system. Buy the smallest least expensive house in a good neighborhood. If you can buy near a walkable downtown, you're way ahead of the game. Don't overspend on big. Big is a financial mistake and really only boosts your ego. Buy program. Program elements are those elements you want in a house, like a kitchen, living room, # beds/baths, etc.. Buying a big McMansion is a huge mistake. Those McMansions that my competitors built like wildfire in the early 2000's were built cheaply and are not going to age well. They're not energy efficient and they cost a lot to maintain. Flipping houses every 2-5 years for the next 15 years should be reasonably safe if you do it right. [/QUOTE]

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