Why are houses so expensive in Connecticut opposed to the rest of the states?
Question by : Why are homes so high-priced in Connecticut opposed to the rest of the states?
I found a few houses/mini mansions in CT that I liked and it was $ 600,000+ for most of them but in some other states I discovered the identical dimension houses if not greater with more land for only $ 160,000
What offers? I dont realize the variation?
Finest answer:
Solution by a person
Location, place and place.
Take a look at some towns in New Jersey within 20 minutes of Manhattan and a tiny residence fees 600k
What do you assume? Solution under!
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Comments
Supply and demand.
Since more people want to live in CT than say Arkansas, those selling their houses can ask for a higher price because someone out there is willing to pay that much.
Same sort of principle applies to anything that can be bought and sold – diamonds are more wanted than say rubies, which is part of the reason why diamonds sell for so much more than rubies do.
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