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Archive for August, 2005A nightmare of epic proportions in BrooklineEver lived in a house where you suddenly found out you had to pay $30,000 for a new septic system? Tenants in common in BostonOver dinner (and drinks, oy…) this evening, I learned all about the San Francisco real estate market, from some new friends of mine. They told me that they have heard of people getting together and buying buildings to live in. At some point, the people turn the units into condos, and then sell them off. [...] Rent control / rent stabilization is bad for everyone – except a select fewI’m not a fan of rent stabilization / rent control laws. Here’s one reason why. By Patrick O’Gilfoil Healy, The New York Times A staggering mess in Brooklyn leaves owners up the creek without a paddleOkay, here’s a situation you may not want to encounter. By William Neuman, New York [...] Buying a condo for a college-bound son or daughterI’m a big fan of parents buying a condo for their college-bound child. Availability of cheap money is driving the housing bubbleMortgage loan rates will continue to stay low, and home and condo prices will continue to rise, as long as financial institutions can sell their mortgage-backed securities to foreign investors. It’s that simple. Strong demand for mortgage-backed securities from investors world-wide is allowing American [...] Weekly Boston Real Estate Sales & Listings Update, August 26, 2005Below is a report of sales and listing activity for the past week. Information is derived from LINK, the online database that is used by most Boston real estate agents. |