Boston Real Estate for Sale

The Globe ran a “real estate chat”, yesterday, with Kimberly Blanton, their primary real estate reporter.

Fun, interesting, and educational chat.

I was surprised, however, by the following comment by Ms Blanton:

One of the primary reasons for the subprime mortgage problems was that first-time homebuyers unfortunately got into buying a house without understanding their mortgage.

I don’t think that’s accurate.

One of the primary reasons for the subprime mortgage problems was that first-time homebuyers took out loans they couldn’t afford to pay back!

That’s quite different.

More: Real estate chat transcript – Boston.com

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Updated: 1st Quarter 2018

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