New York City Rent Board Approves Rise of Up to 5.5 Percent I am so glad we don’t have to deal with this sort of thing in Boston. New York City still has rent control, as well as something called “rent stabilization”. Basically, every year the...
Tenants complain about developer John McGrail and the Mayo Group Nice smear job in today’s Boston Herald. I have never met John McGrail. I did recently sell a condo in one of his developments, in Lynn, to a first-time homebuyer. I thought the...
Awesome blog of the day… One of the great things that has happened due to low interest rates, steady (and slightly improving) economy, and the great housing boom of the past couple of years is that neighborhoods that weren’t so great are now being rediscovered,...
When a ‘no-brainer’ becomes a ‘nightmare’ This is the worst of the worst possible scenarios you could encounter. Others fear this sort of thing will be repeated, over and over again, as people buy second and/or vacation homes, and then are tapped out. If...
Mortgage trend poses risks in downturn My blog might just have to become a “bubble-free” blog if I have to keep reading stories like this one, that appeared in today’s Boston Globe. The issue I have isn’t that people are talking about inflated...
Updated 10/5/17 When the Numbers Don’t Match Whoa. Appraisers have been criticized for saying homes are worth more than they really are, but this is the first time I’ve read where they are being criticized for saying homes aren’t worth what they are being...