People who talk about buying a home as an “investment” are stuck in the past, days that may never come back- and these are mostly the same people who voted for CHANGE- ha
Who IS going to be living in CT ten years from now and what are their incomes going to be and how will they be earning them? Demographics and marxist economics suggest a lot of wealthy corporate CT homeowners who are either boomers or moving into boomer years won't be around in 10 years, commuting to Wall Street from manicured tract mansions in CT.
And a lot more may be defaulting on their mortgages in the next 3 years when the tax-loving democrats get their hands on their bonuses, salaries, and 401K’s
The real estate market hasn't bottomed out yet- think 1990 prices or lower as a “good deal”
I'd be verry conservative and go with a smaller but quality home in the best school district and safest town you can afford- something you can rent out if you ever have to
I have to agree with everything you have said. I would only add that I would rent now instead of buying.