But houses that need lots of work is where you can build equity. I don’t understand everyone wanting to start off with a turn key home. Buy a fixer upper and start from there.

It’s not about time saved, it’s about taking the offer that it guaranteed to close. Sellers worry about buyers not being able to get approved for a mortgage and the deal falling through.

[deleted]

They just built 10 giant apartment complexes in downtown Beverly. Since then, rent has at least doubled. Most of those apartments sit empty but they are all owned by the same company so they can just charge whatever they want.

If 5 companies build a million apartments they still will control the cost of housing, regardless of supply and demand. Which, ironically is the problem with oil as well.

It's time for housing to no longer be a commodity.

Choose the Red pill or the Blue pill.

You're probably right - they are wishy washy about their predictions, but their content is reasonable in my opinion. Hey, at least they aren't as bad as Peter Shiff saying buy gold because housing is a bad investment in 2010, which was the best time to invest in it.

[deleted]

Went there every summer for Thomas land. Never went there in for Christmas. I would've thought the Thomas land would've brought in more revenue. Surprised Christmas brings in 60-70% revenue.

Since 2019 the population has increased by roughly a 1/10 of a percent, yet property values are more than double? There are more than enough homes/apartments in Massachusetts.

>Are you suggesting that I, as a homeowner, should be capped on how much I can sell my home for?

I am suggesting making it illegal to own more than a set number of properties that exist for profit in Massachusetts. If you don't explicitly live in the building it counts towards that number. Those people/companies that own more than that number would have a set amount of time to unload their properties before being fined. I also want a complete ban on any foreign company owning property that they do no reside in.

Hell if you don't want em get one in a live trap and I'll take it off your hands! I love fishers. Totally beautiful animals and yes, pretty feisty. Takes a lot to survive in those woods as a weasel with pretty much no body fat! A couple days without food and you're a goner, I'd be pissed off too lol

[deleted]

They don't sit empty, they sit rented.

>These companies are doing nothing more than taking advantage of the supply shortage.

Which is exactly why we need more regulation to stop encouraging housing as a commodity.

[deleted]

Yeah having the same issue. Called around and everyone said that the whole area is out. Think this is a blue cross thing or supplier thing? I had to get a new rx for 10mg tabs to get the dosage that way but had to lay like 3x the price.

I’ll at least say this. Just because Zillow, Redfin, and other sites say your home value has gone up doesn’t mean it will actually sell at that price. Our home value went up a year after we bought it. We made a small profit but not anywhere near the estimate.

[deleted]

Forget the dudes with 3 apartments. Boston Properties, Alexandria Real Estate, and Tishman Speyer each own 20 billion dollars in private property in the greater Boston area.

The supply keeps going down because real estate companies are purchasing more and more of the available homes.

We could solve it without having to build high-density shithole apartments by making it illegal to own more than 10 for-profit properties in Massachusetts

Anyone want to hop on a referendum to make owning more than 10 for-profit properties in Massachusetts illegal?

Tufts here - $250 deductible kicks in after new year

Do you have a prescription plan deductible? Sometimes certain meds will fall into new buckets where they are covered but require a deductible to met before they receive more coverage.

They also reset any price negotiations or preferred meds at the beginning of the calendar year. I’ve had patients with the same insurance and the same med for years and come January, the coverage is different (often less, rarely more), or in some cases, not covered at all moving forward.

I just sold my 2 BR, 800 square foot condo for 150k, which I bought in 2018 for 80k. My girlfriend and I are now in the process of buying a home with our combined savings. Are there any projections that the cost of housing will go down anytime soon? Please advise. Our market is Mansfield, MA

Pearl St. gas station gang

Yup. I live in a gateway city in Mass, and this 3 floor tenement down the block from me is for sale once again. I am sure some work was done on it to improve it's value during this time, but no matter how much they did to improve it, it's still outrageous how much it's gone up in a relatively short period of time. Check out this sales history:

1999 $155,000
2015 $136,000
(clearly shows signs of being in need of a lot of work, that's fine, but now the fun begins...)
2017 $305,000
2019 $390,000
2021 $560,000

Now it's listed for sale for $699,000. Not sure about the rest of you, but my current salary compared to 2015 isn't that much different. But these home prices sure are!