beermeister's Page
This member hasn't added any personal information yet.
Leave beermeister a message to find out more.
All Recent Activity
-
Comment on: Immigrants: Key to the next housing boom?
-
Comment on: Immigrants: Key to the next housing boom?
In MA, the H1B immigrants who stick around drive up home prices and MCAS scores in some middle market neighborhoods.
more » -
Comment on: Selling house your retirement plan?
"The long-term fundamentals for housing are lousy" Only for the bottom 80-90%. Things will continue to be great for the people at the top. The rich will get richer and everyone else will get poorer. more »
-
Comment on: Selling house your retirement plan?
Bingo! I will live off my renters when I retire. Thanks to rising rents and no mortgages, I will make more money (in real dollars) every year from rent when I retire than while working.
more » -
Comment on: Selling house your retirement plan?
Most people are delusional about their retirement needs and try to retire with less than $50k in their 401k/IRA. That's why they end up working in Walmart or at the supermarkets checkout counters in more »
-
Comment on: House or condo?
If zoning allowed it, I would buy the house, tear it down, build a few luxury townhouses that I could flip for $1 mil+/per and keep one townhouse for myself for free in the end. Tom Brady did somethin more »
-
Comment on: Housing too hot?
Frank doesn't notice the inflationary effects of QE because the prices of his assets (house in Somerville and stocks) are rising faster than the prices of his descretionary consumption. FYI, QE did no more »
-
Comment on: The return of panic buying?
You can't trust the numbers from MAR. We all know what lie will come from MAR next. MAR will say that prices are rising 10%+/yoy in the Greater Boston area. Then we'll hear more anecdotal reports o more »
-
Comment on: The return of panic buying?
It's only insane if you have a Watertown budget, but are looking in Cambridge and Brookline.
more » -
Comment on: "Poor" if you can't afford more than $250,000?
All people are selfish to some degree. There are alway certain people whom you don't want to live next door. Your level of tolerence depends on your situation. If I were a convicted felon who serve more »
-
Comment on: Ben Bernanke's new housing bubble?
This new housing bubble is inflating much faster than normal due to the supply imbalance in the Greater Boston area. Anyway, now is not a good time to buy.
more » -
Comment on: New England: Hotbed for housing snobs?
Look at what happened to Mattapan and Randolph as a cautionary tale of what too much affordable housing will do to your neighborhood. Poor people bring crime and crime drives away the wealthier reside more »
-
Comment on: Housing is up, so why are consumers so down?
The rising tide floats all boats, but most people are seaweeds stuck at the bottom of the ocean. In the last housing boom, easy credit enabled seaweeds to pretend to be boats, but it didn't last and more »
-
Comment on: Bubble era pricing is back in these places
No, the peak of the bubble will happen right after the Fed stops QE in a few years, but the damage will be done by then. We will see the mother of all bubbles. Stocks, houses and any hard asset will more »
-
Comment on: Prices rise as paychecks shrink
Not everyone who went to college was a loser who took out 200k student loans. The average student loan debt is 23k. Not everyone whis buys a house is a subprime loser. The mortgage delinquency rate more »
-
Comment on: Prices rise as paychecks shrink
All bubbles end badly. The key is to buy low and sell high.
more » -
Comment on: Are homeowners jealous of renters?
When you include the rents you collect from the triple decker + the capital appreciation of the triple decker + paying little or no rent, you can match the average equity index funds. It won't make yo more »
-
Comment on: Are homeowners jealous of renters?
With the exception of both spouses maxing out roth 401ks and roth IRAs to the legal limit, the average disciplined investor can't save more than the average disciplined landlord with a triple decker w more »
-
Comment on: Are homeowners jealous of renters?
Money is the American dream, not home ownership. Most people come to America to make money, but many of their decendants seem to have forgotten that. Most people buy homes because they enjoy the lif more »
-
Comment on: Sorry, real estate no road to riches!
BeReasonable is absolutely right. You should start off with a triple decker. Rental properties can be the road to riches as long as you buy in the right areas and don't overpay like kiop. Once you more »
-
Comment on: Should millennials buy?
It's good to go to college and be average with 27k in student loan debt. It's bad to go 200k into debt to major in Art History in college, borrowing to pay for spring break vacations, to go out to e more »
-
Comment on: Should millennials buy?
It depends on your situation. If you are married with kids, plan to stay in once place for many years and can afford to buy, then go ahead. Most millenials don't have too much credit card or student more »
-
Comment on: Wants to sell but fearful of buying
"Wants to sell but fearful of buying" really means "Wants someone else to overpay but fearful of myself overpaying" Lots of people sell on contingency of finding suitable housing. There are lots of h more »
-
Comment on: Better have a fallback town
artiefufkin "Other than the biotech industry (which I'm convinced is a bubble that will eventually burst), I don't see that much that's driving people from other parts of the country to move here." Lo more »
-
Comment on: Better have a fallback town
FYI, there were never any bargains to begin with in the popular towns. The economic recovery always begins with the wealthy and slowly trickles down to the poor. The poorer neighborhoods have not re more »
"I wouldn't count on immigrants seeking haven in the US as the West succumbs to the next leg of this crisis." Half of the world population would move here if they can. Most immigrants drive up rents more »