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Archive for December, 2005
The New York Times has a story out about how housing costs less, as a percentage of income, than it did 20 years ago.
Nationwide, a family earning the median income – the exact middle of all incomes – would have to spend 22 percent of its pretax pay this year on mortgage payments to buy [...]
12/29/05 |
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Kevin Fitzgerald, of FitzInn Parking fame and owner of the Jacob Wirth’s restaurant (and building) has a tentative deal with a developer to put a condo high-rise up, next door.
Complete article: Deal would be Wirth it – by Scott Van Voorhis, The Boston Herald
12/28/05 |
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Photo by Bayne Stanley, The New York Times
Could you live in a neighborhood like this?
In Vancouver, there are hundreds thousands of condominiums in high-rises such as these.
The difference between Vancouver and United States’ cities such as New York and Boston?
… In the United States, many of the new urban residents are young professionals or older, [...]
12/27/05 |
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One of my favorite (real estate) TV shows is "Small Space, Big Style", on HGTV. Okay, you can get the concept from the name (clever, huh).
Could you live with a partner in a small space, say, under 500 square feet?
I did, in the North End, for about three years. It worked, but I think partially [...]
12/27/05 |
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Huh?
Treasury yield curve inverts
Inversion is first since 2000, but there’s some doubt whether this signals recession.
LONDON (Reuters) – The yield on the benchmark 10-year Treasury fell below that of two-year notes early Tuesday, inverting the yield curve for the first time since December 2000 …
… Previous inversions have typically signaled a slowing economy or recession [...]
12/27/05 |
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"Elaine, where do you and Stephen live?"
"We live in Manhattan."
"Really, and where’s your weekend home?"
"Brooklyn."
"Um, okay."
Complete article: A Fireplace Glows in Brooklyn, Inside Their Weekend Home – by Dennis Hevesi, The New York Times
12/27/05 |
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The Herald’s Nena Groskind answered a question from a reader, today, regarding homeowners insurance, and what it covers, and, more importantly, what it doesn’t cover.
When you buy a condo, if you get a mortgage loan, the bank will require you to show proof of insurance. Proof of master insurance. Meaning, the common areas are covered [...]
12/23/05 |
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