this is a rant, and somewhat disjointed from the recent posts, but the rental and housing markets in the greater boston area and booming.
i've been a renter for the last 8 yrs. i've always managed to find a steal or a great value - my current 2br, 1500sq foot duplex is ocean front, 2.5 bath, new everything...i pay $1600 and first started renting it 2 yrs ago.
our lease is up...(landlords sold the townhouse for a big loss) but it sold very quickly.
and now that we are back in the market for an apt, rent is expensive again. anything that is decent in the boston area goes quickly and you can't touch a decent 2bd room for under 2200 - closer to 2500 in boston's popular neighborhoods.
we also looked at a few homes for sale on the north shore (beverly, manchester, ipswich, etc)...of the 3 houses we saw, 2 were sold before the first open house, the third sold the week after the first open house.
my coworker is looking for a home in the cambridge/somerville area. admittedly he's looking for a nice place with multiple bedrooms, renovated etc....places are selling quick - bidding wars in some cases.
i've waited a long time to buy a home, having read a lot of grantham's letters and EJ's postings. in my head i still want to wait, but it's getting hard to ignore what i am directly observing in my search for a new place to live
i've been a renter for the last 8 yrs. i've always managed to find a steal or a great value - my current 2br, 1500sq foot duplex is ocean front, 2.5 bath, new everything...i pay $1600 and first started renting it 2 yrs ago.
our lease is up...(landlords sold the townhouse for a big loss) but it sold very quickly.
and now that we are back in the market for an apt, rent is expensive again. anything that is decent in the boston area goes quickly and you can't touch a decent 2bd room for under 2200 - closer to 2500 in boston's popular neighborhoods.
we also looked at a few homes for sale on the north shore (beverly, manchester, ipswich, etc)...of the 3 houses we saw, 2 were sold before the first open house, the third sold the week after the first open house.
my coworker is looking for a home in the cambridge/somerville area. admittedly he's looking for a nice place with multiple bedrooms, renovated etc....places are selling quick - bidding wars in some cases.
i've waited a long time to buy a home, having read a lot of grantham's letters and EJ's postings. in my head i still want to wait, but it's getting hard to ignore what i am directly observing in my search for a new place to live
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