Catch-22: Buy a Boston condo or rent a Boston condo.


Catch-22: Buy a Boston condo or continue to pay high rents.

CNBC’s Diana Olick, reports that rents in major cities will continue to rise through 2015. This is making it harder for would be renters that want to be homeowners to save for a down payment, creating the classic Catch-22. If rents keep going up how are future young Boston condo buyers be able to afford a down payment. The average rents in Boston Proper fro a small unit are at $2,000 per month

Catch 22: Buy a Boston condo or Rent a Boston condo

Catch 22: Buy a Boston condo or rent a Boston condo

Catch-22: Buy a Boston condo or rent a Boston condo.

Here are some examples of Boston apartment rents. As you can see with these high rents in Boston Proper it makes it difficult for young professionals to save money for a 5-10% down payment.

Newbury Street Back Bay apartment for rent.

Beacon Hill condos and apartments for rent under $6,000 on the flat of the Hill.

Boston Beacon Hill apartment and condo for rent priced under $2,500.00.

Boston Beacon Hill luxury apartment rentals priced over $10,000.00 per month, overlooking the Boston Common and the Boston Public Gardens.

 

 

if you’d like to find out more information on purchasing a condominium, or the cost of owning versus continuing to rent, please contact me at 617-720-5454.

 

Source: Cnbc.comUP

UPDATED JANUARY 2018

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