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Posted 05/28/2014 08:56:18 EDT
Have people forgotten how to wring a bird's neck?
Posted 05/27/2014 02:21:35 EDT
A family of 4 making $67,500 is hard-pressed in MA no matter what. I don't know what the going rate for rentals are for communities where SFH are ~$330k, but I suspect it wouldn't be that much less th more »
Posted 04/14/2014 07:29:49 EDT
This is becoming a crazy, f-ed up market. People waiving home inspections and now these ridiculous escalation clauses! A few years ago my wife and I spent a year and a half looking for our house but more »
Posted 04/14/2014 07:10:14 EDT
If the buyers have enough cash on hand to put down $132k as a young family, they should be fine. That's over a 20% downpayment. Their monthly mortgage payments are probably a fraction of their rent.
Posted 03/18/2014 10:40:50 EDT
It looks like the report considers all five boroughs in its categorization of NYC. If they only looked at Manhattan, it would top the list by a landslide.
Posted 03/12/2014 10:28:10 EDT
A 3br, 1 ba house is what I bought a few years ago before I had children. Now with kids in the house, I had to make the move last year to expand our surroundings. I loved my neighborhood and hope to more »
Posted 03/11/2014 10:16:09 EDT
Three bedroom, 1 bathroom houses may have been the norm 50 years ago. Not many young families today will accept those limits. If they can afford to buy or renovate into a 3/4 br, 2+ ba place, why no more »
Posted 03/06/2014 06:44:23 EST
Absolutely agree. Homeownership is the the biggest risk managment move you can make. It's a great feeling having a set monthly living expense payment for 30 years. Stick to your investment accounts more »
Posted 03/06/2014 06:06:53 EST
Don't forget paying the realtor fees!
Posted 03/05/2014 05:56:29 EST
Aren't there people here that wishes they could lock in their cellphone, cable, and oil/gas payments out for 30 years? That's essentially what a lot of homebuyers are doing, they are guaranteeing a f more »
Posted 03/03/2014 10:21:17 EST
Muni bonds and Treasuries are great investments for some people that want to preserve wealth during periods of economic volatility. As formerlyF has posited in his/her comments, everyone needs a plac more »
Posted 03/03/2014 05:28:45 EST
Looks like that dean believes that "Greed is good".
Posted 03/03/2014 05:24:08 EST
That Lexington house seems like a great investment to me. Monthly mortgage for a $600k principal is ~$3000. Annual tax bill of ~$12500. If the guy dropped his asking rent to $8000/month, he could b more »
Posted 03/03/2014 05:06:11 EST
Home ownership is a fickle beast. It can be a wealth creator for some and a heavy burden for others. From my own circle of acquaintances it seems like if you can afford to put down at least 15% for a more »
Posted 03/03/2014 10:31:36 EST
These 'not as well-off' people are probably just looking at their own situation. The rich and RE developers can keep on increasing rents on their properties in perpetuity. These people have no option more »
Posted 02/16/2014 10:07:33 EST
@ REALmaven: No need to be snarky. I'm trying to assess where you are coming from. Were you able to get a renovation done for much cheaper? This blog asked for what people have been quoted and I'm try more »
Posted 02/15/2014 07:49:47 EST
I feel for young families that really want to buy but feel stretched to the limit. Especially if they come across a fixer-upper they can afford with the thought of putting some money in a home renova more »
Posted 02/13/2014 11:21:35 EST
As far as opportunity cost, I don't think the stock market is a much better alternative right now. I've been contributing regularly to my Roth and 401k but with diversification and prayer, I'm hopefu more »
Posted 02/06/2014 09:02:19 EST
Wow, my grammar was pretty bad...
Posted 02/06/2014 09:01:25 EST
I went to college in the RTP area and my wife briefly worked in Austin for a big IT company. I say that both places are great places to live, raise a family, and enjoy life. Currently I work for a bi more »
Posted 02/02/2014 04:48:52 EST
Cut the cable two years ago and love it. We're watching a lot less TV which is an added benefit with a three year old so that he won't get caught up with bad habits. Miss the sports but generally go more »
Posted 01/17/2014 11:26:25 EST
I'm glad the A-town police and the neighborhood gave a "Hell No!" to these bums for trying to rob something/someone in our town. Too bad the cop wasn't a better shooter. Then again I'd be scared s** more »
Posted 02/01/2013 08:28:47 EST
The beer bottle looks like a toothpick in his hands.
Posted 08/23/2009 08:09:20 EDT
I don't understand how a company like Boston-Power can reasonably expect to obtain a multi-million dollar handout from the government to build complex car battery technology when their only claim to f more »
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