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Old 02-23-2016, 10:37 AM
 
Location: Connecticut
34,932 posts, read 56,935,296 times
Reputation: 11228

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Quote:
Originally Posted by kidyankee764 View Post
This is very true. LI has many affordable, modest homes in decent middle class towns.
But so does Fairfield County. Remember the comparison being made is two very large counties (Nassau and Suffolk) to one part of Fairfield County. There are some very nice affordable towns outside of southwest Fairfield County. Jay
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Old 02-23-2016, 10:42 AM
 
Location: Connecticut
34,932 posts, read 56,935,296 times
Reputation: 11228
Quote:
Originally Posted by kidyankee764 View Post
People need to stop referencing GE - it's getting old. The home up the street from me just sold two weeks ago for 14k ABOVE asking price after quite a bidding war between three prospective buyers.
I agree. They are talking about only 200 jobs out of more than 475,000. There is a lot more to Fairfield County than just GE. Jay
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Old 02-23-2016, 03:23 PM
 
14 posts, read 17,802 times
Reputation: 23
You're really going to base your perception of SW CT's economic health on a sample size of one?

Anyone who claims GE wasn't a HUGE loss is kidding themselves. Period.

The fallout from that loss has just begun, and its impact wont be fully known for awhile. However, the bottom line is this: CT offers nothing to attract the top of the line STEM grads from an MIT, CalTech, etc that are so vital to our economy




Quote:
Originally Posted by kidyankee764 View Post
People need to stop referencing GE - it's getting old. The home up the street from me just sold two weeks ago for 14k ABOVE asking price after quite a bidding war between three prospective buyers.
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Old 02-23-2016, 03:31 PM
 
2,971 posts, read 3,180,209 times
Reputation: 1060
Quote:
Originally Posted by Labrador_Retriever View Post
You're really going to base your perception of SW CT's economic health on a sample size of one?

Anyone who claims GE wasn't a HUGE loss is kidding themselves. Period.

The fallout from that loss has just begun, and its impact wont be fully known for awhile. However, the bottom line is this: CT offers nothing to attract the top of the line STEM grads from an MIT, CalTech, etc that are so vital to our economy
Sorry you couldn't hack it or afford it in the area.

Last edited by JayCT; 02-24-2016 at 07:56 AM.. Reason: Removed personal attack
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Old 02-23-2016, 03:58 PM
 
Location: New London County, CT
8,949 posts, read 12,135,783 times
Reputation: 5145
Quote:
Originally Posted by Labrador_Retriever View Post
You're really going to base your perception of SW CT's economic health on a sample size of one?

Anyone who claims GE wasn't a HUGE loss is kidding themselves. Period.

The fallout from that loss has just begun, and its impact wont be fully known for awhile. However, the bottom line is this: CT offers nothing to attract the top of the line STEM grads from an MIT, CalTech, etc that are so vital to our economy
Yes. They can't afford lower Fairfield County.

Lower Fairfield County is one of the largest seats of money and power in the country. No it doesn't attract STEM graduates-- It attracts managers of billion dollar hedge funds, and the most powerful from just about every corner of the economy. Did you know the FBI director lives in Westport? So did Paul Newman. Hell even Lucy and Ricky moved to Westport when they left the city.

And frankly, when it comes to money, Greenwich makes Westport look middle class.

You are really being absurd.
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Old 02-23-2016, 04:13 PM
 
2,005 posts, read 2,088,220 times
Reputation: 1513
Quote:
Originally Posted by Labrador_Retriever View Post
You're really going to base your perception of SW CT's economic health on a sample size of one?

Anyone who claims GE wasn't a HUGE loss is kidding themselves. Period.

The fallout from that loss has just begun, and its impact wont be fully known for awhile. However, the bottom line is this: CT offers nothing to attract the top of the line STEM grads from an MIT, CalTech, etc that are so vital to our economy
Looks like you're basing your perception of SW CT's economic health on a sample size of one (GE)....... are you not?...
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Old 02-23-2016, 06:26 PM
 
14 posts, read 17,802 times
Reputation: 23
Am I?

Looking to the future....what attracts the recent highly-qualified college grad to CT? Answer: nothing--they look right past CT and wind up in Boston (the city itself or the 128 tech belt). Do they really give a crap whether or not geezer Paul Newman lives here?!



Quote:
Originally Posted by mlassoff View Post
Yes. They can't afford lower Fairfield County.

Lower Fairfield County is one of the largest seats of money and power in the country. No it doesn't attract STEM graduates-- It attracts managers of billion dollar hedge funds, and the most powerful from just about every corner of the economy. Did you know the FBI director lives in Westport? So did Paul Newman. Hell even Lucy and Ricky moved to Westport when they left the city.

And frankly, when it comes to money, Greenwich makes Westport look middle class.

You are really being absurd.
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Old 02-23-2016, 10:13 PM
 
Location: New London County, CT
8,949 posts, read 12,135,783 times
Reputation: 5145
Quote:
Originally Posted by Labrador_Retriever View Post
Am I?

Looking to the future....what attracts the recent highly-qualified college grad to CT? Answer: nothing--they look right past CT and wind up in Boston (the city itself or the 128 tech belt). Do they really give a crap whether or not geezer Paul Newman lives here?!
None of my friends from high school moved to Fairfield County after graduation. However when some of them reached the ranks of those earning 250k+ they did.

Your claims are simply not born out by reality. The real estate is expensive due to DEMAND- aka desirability. Anecdotes about STEM graduates doesn't change that.

I know Boston and NYC quite well and it's a whole different vibe.
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Old 02-24-2016, 08:05 AM
 
Location: Connecticut
34,932 posts, read 56,935,296 times
Reputation: 11228
Quote:
Originally Posted by Labrador_Retriever View Post
Am I?

Looking to the future....what attracts the recent highly-qualified college grad to CT? Answer: nothing--they look right past CT and wind up in Boston (the city itself or the 128 tech belt). Do they really give a crap whether or not geezer Paul Newman lives here?!
This is not true. Boston is not the only place young people move to. The last I looked there were thousands of young professionals living in Fairfield County and working at hundreds of companies with offices there. True the area is not as big and flashy as Boston or Manhattan but then again it does not have to be. As I noted Fairfield County has a vibrant and very affluent economy with over 475,000 jobs, high wages and low unemployment. Not sure what more you expect. The 200 jobs lost at GE represent less than 0.04% of the jobs in the county. Statistically a drop in a very large bucket. Jay
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Old 02-24-2016, 03:38 PM
 
2,971 posts, read 3,180,209 times
Reputation: 1060
Quote:
Originally Posted by JayCT View Post
This is not true. Boston is not the only place young people move to. The last I looked there were thousands of young professionals living in Fairfield County and working at hundreds of companies with offices there. True the area is not as big and flashy as Boston or Manhattan but then again it does not have to be. As I noted Fairfield County has a vibrant and very affluent economy with over 475,000 jobs, high wages and low unemployment. Not sure what more you expect. The 200 jobs lost at GE represent less than 0.04% of the jobs in the county. Statistically a drop in a very large bucket. Jay
Not only that, the Labrador Retriever is the official pet of Fairfield County.
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