Boston condos for rent

Boston condos for rent

After nearly destroying the world economy by recklessly selling bundled mortgages in securitized bond packages, it seems some Wall Street firms hope to roughly do the same thing with single-family homes that people rent.

BlackRock, which has purchased tens of thousands of foreclosed homes and now rents them out to people at a profit, is reportedly negotiating with other financial firms to develop a new “product” in which its single-family homes are sold off to investors in bundles.

But instead of investors making money from people paying off mortgages, the profits from these bundled securities would come from people paying their monthly rents.

Ok, so a lot of people buy foreclosed homes and later make a buck by then renting them out or selling them off when the markets improve.

But this is believed to be the first time that a major financial player, i.e. BlackRock, has tried to do this on a massive scale with rented homes – and then trying to securitize the rental properties. They’re already being called “rent-backed securities.”

Here’s someone who’s not happy about the idea.

And, oh, the NYT reports today that the rating agencies are once again allegedly giving special treatment to big banks in their ratings.

Incredible.

File under: Those who don’t learn from history are doomed to repeat it.

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Updated: January 2018

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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