Recent comments in /f/massachusetts

Critical-Barracuda92 t1_j4iti7f wrote

Reply to The current housing market in a nutshell by LopsidedWafer3269

I’d like to see further back on the x-axis. Also, vacation zones got real expensive during the pandemic due to work from home and people trying to relocate permanently to where they like to vacation.

As much as I think remote work is here to stay to a certain extent, I think it will get dialed back. And the cape is one of the few parts of the state that can swing boom or bust (as opposed to boom and ‘maybe slow down a little’). If trying to buy a vacation house, I’d wait. If trying to stop paying crazy rent and get into owning: kinda stinks either way right now

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mirihn t1_j4irdr6 wrote

Reply to Let’s talk heat pumps by Dmurphy2016

Recently upgraded to a Bosch 20 SEER heat pump from an older Lexington model that had problems. House is 100% electric with small high-velocity ducts, so we had to go with Unico brand air handler (electric backup furnace is part of this).

In winter, the system works best when you don’t have a huge swing in your temperature settings (meaning it will have to work really hard if you want it 70 during the day and 60 at night). Heat pumps remove heat from the house in summer, and move heat from the outside to inside in winter- so if it’s really cold it’s not as efficient. But it still works.

It came with an ecobee thermostat which is fairly smart and shows all the data of what equipment is running over time (since there are variable stages in both indoor and outdoor units).

One benefit is that it also dehumidifies- which makes it much more comfortable in the summer.

Big complaint is that MassSave does not offer any rebates for the small duct high velocity systems, which are common for retrofitting old homes around here. Be sure to pick a set of indoor/outdoor units from the MassSave list, which is updated every year. Your installer takes care of the paperwork for any rebates. There are some requirements, like getting a heat pump to replace oil/gas. Not sure if that applies for new construction.

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Quirky_Butterfly_946 t1_j4iqq7q wrote

Reply to The current housing market in a nutshell by LopsidedWafer3269

So no one is going to mention that this can be related to covid? That the massive shutdown of the economy for over a year had nothing to do with this. People were not moving and were staying in place. All those who did need/want to move were battling over the low inventory.

Many people who did not want to invest in the market were scooping up properties to park their money. Cash payer were getting properties over mortgages.

Now everyone is in a quagmire where while selling prices are high, they would need to spend that plus more to move. There were/are people willing to pay over asking by 10's of thousands for homes that did not merit this. Until the housing market calms down, and people can afford to buy/sell no one is going to move. Now with interest being so high, these high prices are not affordable. This may take some time, and the coming recession is not going to help either

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