Boston condos for sale. It appears that Millennials are  struggling to come up with a down payment to pay for a Back Bay or Beacon Hill condo for sale, but the money woes don’t stop there. According to a recent report millennials pay less than the traditional 20 percent down on a Boston condo for sale, said a new survey released by St. Louis-based Clever Real Estate, a referral service . This leads to high monthly payments and, sometimes, buyer’s remorse.

Also, a lack of funds to start with means many use credit cards, or loans, for home renovations, respondents said. The Clever study was collected in late April and included 1,000 homeowners.

One in five said they were spending more than 50 percent of their income on household expenditures, including a mortgage. 

Nationwide, millennials often use debt to pay for home renovations, unlike baby boomers who mostly use cash. Millennials were three times as likely to use a personal loan for repairs, and twice as likely to use a credit card.

Despite some struggles with maintaining their own place, 72 percent of millennial homeowners said they were proud to own a home.

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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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