The PM maybe would be wise enough to point that out to the owner, but that is just speculation. 

I read an article on speculation of a global recession soon - I know there is always speculation, but hey it could happen!

I would imagine it would be a terrible idea to even think about speculating on a house, but with the supply of homes being so low right now I thought I'd better at least ask!

Otherwise, they are probably speculating, hoping for appreciation in values that may or may not happen.

Without numbers we could speculate all day and do what ifs and such simply complicates matters for those trying to figure out a path to take.

I will say that while I don't have experience in CT, it seems that the area(New York, Mass) is fairly tenant friendly and would assume CT is as well while FL is more LL friendly.Also I googled and it looks as though CT has a net loss in population between 2000-2010, while FL had a net gain of 17%.I will admit I am probably biased being a FL boy born and raised, but those factors along with no income tax, lower cost of living(which can translate to cheaper repairs), and lower price point for properties would lead me to FL.Now the disclaimer, I have been seeing prices run up the last year due to tons of foreign investors it seems and FL, Vegas, AZ are those areas hit hard by the bubble due to lots of speculation, so I would be cautious of that again because it is completely possible that there could be a mini run going now, however if you buy right and are getting good cash flow I think that that becomes less of a concern since you are focused on say 10 years from now not next year.

its all appreciation, which is speculative to me.

It's kind of a weird article in that it mentions that SFH rents are not going up...I guess they don't understand that the main reason the funds are buying is price speculation NOT rental returns.

The property seems way overpriced unless you are buying urban core in a speculative area to get appreciation on the back end and little to no cash flow while owning.Some people do buy for tax write off and back end appreciation only with little cash flow.

I have income properties in Dallas, but am more speculative in Austin.