Comments on: More on falling rents http://www.bostonreb.com/2009/11/more-on-falling-rents/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: condobuyer http://www.bostonreb.com/2009/11/more-on-falling-rents/comment-page-1/#comment-12460 condobuyer Mon, 02 Nov 2009 19:48:06 +0000 http://www.bostonreb.com/?p=24315#comment-12460 There is also an increased luxury glut...i know of three large buildings that went from condo to all rental over the last year or so. This is in additon to the new luxury rental bldngs (2+ at CRP/West End, Archstone Npoint, Equity's Third Square in Kendall, the even more expensive Clarendon apartments and the ultra expensive Mandarin apartments, etc.) Add to that individual condo owners who can't sell at their price so they are renting out units. To top it off you also have condo developers who in certain cases are renting out some units and the investors who set out to rent from the get go. How many $3000+/month rent units can boston support these days? There is also an increased luxury glut…i know of three large buildings that went from condo to all rental over the last year or so. This is in additon to the new luxury rental bldngs (2+ at CRP/West End, Archstone Npoint, Equity’s Third Square in Kendall, the even more expensive Clarendon apartments and the ultra expensive Mandarin apartments, etc.)

Add to that individual condo owners who can’t sell at their price so they are renting out units. To top it off you also have condo developers who in certain cases are renting out some units and the investors who set out to rent from the get go. How many $3000+/month rent units can boston support these days?

]]> By: Sterling http://www.bostonreb.com/2009/11/more-on-falling-rents/comment-page-1/#comment-12459 Sterling Mon, 02 Nov 2009 18:37:50 +0000 http://www.bostonreb.com/?p=24315#comment-12459 Yeah, the rental maket is tough. I have an apartment thats been vacant for the passed 3 months. I've never had a problem renting it, but times are tough right now. Yeah, the rental maket is tough. I have an apartment thats been vacant for the passed 3 months. I’ve never had a problem renting it, but times are tough right now.

]]> By: John Ford http://www.bostonreb.com/2009/11/more-on-falling-rents/comment-page-1/#comment-12458 John Ford Mon, 02 Nov 2009 16:11:50 +0000 http://www.bostonreb.com/?p=24315#comment-12458 Fuuny, that's why we need more college dorms. Fuuny, that’s why we need more college dorms.

]]> By: Funny http://www.bostonreb.com/2009/11/more-on-falling-rents/comment-page-1/#comment-12456 Funny Mon, 02 Nov 2009 15:57:03 +0000 http://www.bostonreb.com/?p=24315#comment-12456 I've always been under the impression, at least in the mid to lower end, that students and their parents big fat checkbooks pushed up the majority of rents in the city. I’ve always been under the impression, at least in the mid to lower end, that students and their parents big fat checkbooks pushed up the majority of rents in the city.

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