Aetna, Cigna & The Hartford Effects on Rentals if they Leave?

[Ryan Plesz]

I am just wondering if anyone has thought of the ramifications to the rental market should one, two or possibly 3 of these (Aetna, Cigna, The Hartford) major employers leave the state of CT? I am looking at rental property in the surrounding Hartford area, but am concerned that if these companies leave it could have a profound effect on my success with my rental property. Both Aetna and Cigna are in the process of merging with companies in much more tax friendly states and now I am hearing rumors of the Hartford. What would happen to the vacancy rates, pool of very qualified renters, housing prices, tax rates? It would not only have an effect on the immediate jobs, but the jobs of those businesses that rely on these companies and employees. If Aetna left it could be 6,000 jobs, all three 12,000 jobs. Could it open the door to more companies leaving? Please leave any of your thoughts or comments. Thank you

[Michael Noto]

If you are concerned about rumors then you will always be concerned about the other shoe dropping throughout the entirety of your investing career and if that is the case there are safer places to put your money.  

I have been investing in Hartford county for 10 years in C+-B+ areas and have never had a renter that worked for any of those companies you mentioned.

Could more companies leave?  Maybe, who knows.  If someone on an internet forum told you they thought more companies would leave , would that impact you wanting to invest in the Hartford area?

If that answer is yes, again, there are safer places to put your money and no investment is worth constantly worrying about.  That's the #1 thing I've learned over the years.