As you may have heard from 965,000 filed for unemployment for the first-time. These numbers can have a ripple effect on the downtown Boston condo market.
If this trend continues I expect some unfortunate individuals will need to sell there Beacon Hill or downtown high rise condo. I can’t see how Boston real estate values can be maintained as more and more are finding themselves on the unemployment line
Last night I spoke with one of my friends who just lost his job. At first he was visibly upset but I think he’ll be okay.
I’m reminded of this Cheers video clip when Norm had to call his wife to tell her that he has no job.
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