Maybe the more moderate areas will warm up and become the new "warm" areas? 

As a licensed real estate agent myself, I can get into trouble for "steering" you to an area, so please accept these as just some generally vague thoughts based on my experience of the area and property management industry.Windsor is a great "small town" that generates good cashflow with moderate chances of appreciation (relative to the CT Market)Granby even a smaller town feel than Windsor, rentals are in high demand and rent prices are high.

Moderately expensive but practical- Replace the jetted tub with a standard tub-shower combo.

For those investors who can afford it, I think offering a few units as moderately priced will help.

And even in this recession, our first condo has stayed moderately booked and covered expenses. 

They need to be able to oversee and implement a moderate reposition plan. 

The NACA program is designed to help low-to-moderate income families and people purchase in low-to-moderate income areas to become homeowners.

Bates or Fountain [Solicitation Removed by Moderators]

I live in Chicago which is a moderately expensive market.

The neighborhood is not a war zone, but may be moderate crime rate.