boston-condos-buy-or-rent

Today’s Wall Street Journal has an interesting article entitled: “Renters Lose Edge on Homeowners” subtitle “Cost Gap returns to Historical Norms in Some Markets as Home Prices Drop.”

The article is about how the relative cost of owning versus renting is swinging back in favor of homeownership. So here’s my thought or question, does it make more economic sense to buy a Boston condo or to rent one. I’m asking this question in very broad terms, I understand many factors would be involved as it pertains to the buyer ect. But lets say it was you. Based on the example below which would make more economic sense for you, buy or rent?

Beacon Hill had two recent sales:

One was a studio at 9 Willow Street that sold for $157,000 and would rent for approx $1,400.00 per month.

The other was a two bedroom at 286 Cambridge Street that sold for $320,000 and would rent for $2,100.00 per month.

Which would make more financial sense for you to buy or to rent either one of those properties.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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