Following up on the post immediately below, experts are beginning to analyze the economic impact of a current housing phenomenon: “squatters’ rent.”

It seems that some of the “rising income” of Americans is tied to underwater homeowners simply refusing to pay their monthly home mortgages, freeing up money for other purposes and purchases. In the crazy world of economic data measurements, the government is apparently counting these “savings” as “income.”

In an odd way, this is good in the short-term, because some homeowners get to spend more money to boost other sectors of the economy. But it’s also obviously a rob-Peter-to-pay-Paul scheme that cancels out any benefits in the long-term.

Not to harp on the issue, but the ultimate top solution to the housing crisis, as well for the nation’s overall economic health, can be summed up in one word: jobs.

File under: Squatters Economics

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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