I get text messages, phone calls, and lots of postcards from downtown Boston condo investors who want to buy our house. Real estate is a hot commodity these days and people really do want to buy your Back Bay or Beacon Hill condo
Over the past decade or so the trend is for single-family homes to become financialized and the number of owner-occupied homes has been on the decline.
Large companies and small investors alike want to buy your house and rent it out. They really will pay cash and you don’t have to make any repairs and they don’t mind if you don’t clean the house and you can leave stuff behind.
First-time condo homebuyers are competing with investors who are paying cash.
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