@Comet18 - Oh absolutely. It's a pretty good money earner, and it gives you 300 in population. Personally, I'd rather get 6 of those for 1,800 in population then upgrade to those expensive - And in my opinion, very ugly looking - Town halls that give you only 100 or so extra population. Might take up more room though.
I'll eventually do it, I just like the level 7 Town hall the best, but eventually in order to obtain gifting items to send to higher players and those coming up, it's necessary.
Yes, a very smart move. If only I had the land I would do the same.