bostonbubble.com

Guest

https://www.theguardian.com/commentisfree/2020/nov/09/inheritance-work-middle-class-home-ownership-cost-of-housing-wages

So renters and their children are the new serfs or sharecroppers for the property owners in expensive cities and the only hope for a home is to inherit or move to somewhere much less expensive like Nebraska.

kiloik · Joined: 21 Feb 2022 Posts: 2

What about living in a condominium? It's much cheaper than living in a house.

Guest · Posted: Tue Apr 19, 2022 3:33 am GMT Post subject:

Condominiums are genereally less expensive. But in Boston neighborhoods,
Cambridge, and Brookline, they're very expensive. Maybe the higher interest
rates will temper demand and prices.

Guest · Posted: Wed May 18, 2022 2:28 am GMT Post subject:

Look at the up side of higher interest rates. It will slow the buying frenzy, and
temper the price spike. Prices may drop a little. Then when interest rates
drop (they will), you'll refinance with a 15 yr low rate.