Looking for proof that homeownership builds wealth?
New York Times just recently published an article (editorial) titled homeownership and wealth creation. In the New York Times article it states: “The housing market has made a strong recovery not only in sales and prices, but also in confidences of consumers and experts as an investment.”
To summarize, the article goes on to state that overtime the net wealth of owning your own home creates more wealth than that of renting. The reasons, first in order to buy a house or condominium you need to save for a down payment. Secondly, when you do obtain a mortgage your forced to save as you pay down your mortgage payments, each monthly payment a portion (in most cases) goes toward principle, unlike that of rent.
Looking to buy a Boston condo and build your wealth?
You don’t need to be reach to start on building your real estate portfolio. Here are a few examples of Boston condos and home for sale that you may be able to afford:
Boston condo for sale under $65,000.00
Boston condo for sale under $75,000.00
Boston condominium for sale $80,000, ideal for first time home buyer.
A short sale, pre-foreclosure sale with an asking price of $80,000.
One bedroom, one full bathroom, located at Hyde Park Avenue for $85,000.
Nice one bedroom with hardwood floors located in Dorchester, Boston, Massachusetts for under $90,000.
A Boston condo for sale in a triple decker for under $90,000.
A Boston condominium for sale under $95,000. The Boston condo is freshly painted and in move-in condition.
Source: New York Times.
Boston Condos for sale.
Next week will have more on finding a Boston apartment and a job as a Millennial.
View Back Bay condos for sale:
For more information on how to be a Boston condo owner please contact John Ford at 617-720-5454. You can also email at [email protected]
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Contact me to find to set up an appointment to start your Boston condo buying process.
SEARCH FOR CONDOS FOR SALE AND RENTALS
- Back Bay
- Beacon Hill
- Charlestown Navy Yard
- Dorchester Heights
- Jamaica Plain
- Leather District
- Seaport District
- South Boston
- South End
For more information please contact one of our on-call agents at 617-595-3712.
Updated: January 2018