Broadly speaking, the biggest problem that I've seen in Connecticut, from an investment perspective, is that multifamily is still priced like it's a potential NY suburb instead of a quiet New England town with diminishing employment catalysts and population growth relative to its neighbors.

As I indicated, most people do not accurately predict the market so who knows how good my forecast will be but I do look at the various indicators in my forecasts (vacancy, unemployment, population movement, available land, cost for new development, etc.). 

In either case, what downzoning does is lead to a gradual decline in population density, as 2-flats and 3-flats are replaced by single-family houses (either through demolition or deconversion) in higher-income areas. 

@Chao Chang Hi Chao,Just like any market if you know it well there can be good investing but I like Grand Rapids for three reasons its job and labor growth is both high and diverse, shift in population is a younger demographic ideal for renting and there is stilla housing shortage.

The unit is located in a great area heavily military populated but I wasn’t sure if people actually invested in individual mobile homes.

I know its a longshot as google tells me the population is 486.Anyway I have a lead from a guy that owns a home free and clear and has cancer.

Are jobs coming to the area or is population declining.

I’ve analyzed the hell out of properties, all over the country, in my backyard, a neighboring state, places where thearea is listed as one of the fastest growing populations in the country, and numerous others.

What that means is, the more expensive you move up in price, the smaller amount of the population can afford those higher price points.

Based on population growth, job growth/stability, and declining crime.