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BostonTenter's Comments
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Comment on: Space starved in Greater Boston?
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Comment on: Greater Boston's home building slump
I wasnt going to comment on this thread, BUT, just saw the following property have an accepted offer: http://www.redfin.com/MA/Chelmsford/14-Concord-Rd-01824/home/11583355 The photos are decieving more »
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Comment on: "Tipping point" for housing market?
Tipping Point? That assumes that theres going to be some SHARP deviation from the norm/past, going forward. If anything, as rates slowly rise in the coming years, as the economy slowly heals, we are more »
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Comment on: Buyers face fierce summer competition
MookBC, You are half kidding, but thats pretty much it. Once QE3 was announced, I threw in the towel, knowing that they were not going to let prices fall any more. And if the market starts to soft more »
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Comment on: Buyers face fierce summer competition
Ugh. Redfin has the following on its front page: "Itâs a sellerâs market" And unfortunately, due to the inventory/cost of renting squeeze, its probably true. Re: Inventory...... People put the more »
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Comment on: Summer slowdown? Don't bet on it!
@umakemerich...
THATS BS. There's no way you could get 2.875% on a 30Yr Fixed, in the Spring. (Or are you talking about a 15Yr Fixed?).
Please clarify....
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Comment on: Will rising rates spur panic buying?
My guess is appraisal/mortage issues, for most of them. The bank has the last word, along with the appraisal/appraiser. If the appraisal doesnt meet the offer price, the buyer/seller need to decide more »
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Comment on: Will rising rates spur panic buying?
@GCBMA The Government is borrowing/selling 30 Yr Treasuries at 3.30% today: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield Then turning aro more »
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Comment on: Will rising rates spur panic buying?
@GCBMA i doubt that there are going to be the same kind of "bail outs" as with the prior bubble. Underwriting standards are MUCH MUCH stricter now. IF the bank will give you a loan, they will 100% more »
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Comment on: Will rising rates spur panic buying?
With rates now pretty much in the 4% range for anyone except those with exceptional credit and a large downpayment (and even then your going to get something like 3.875%), I wouldnt be suprised if pri more »
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Comment on: Selling is now the easy part
SVV, "Sure, you may be able to sell and even get a price you would not have thought possible a couple years ago, but will you truly be able to move up to a bigger home in the same town?" It should be more »
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Comment on: Stuck with a high down payment?
@Bynxers, We put 10% down, and have OVER 10% "in Reserve" (savings etc). One really does need to have that safety net, and not be "dead broke" after buying, such that a layoff would cause you to los more »
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Comment on: Stuck with a high down payment?
Scott, No idea where Lendingtree got its numbers. IF you are well employed, and have good/excellent credit, you can easily buy with 10% down and NO PMI. (Just had another friend close on a house, pu more »
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Comment on: Ready to pay more?
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Comment on: Ready to pay more?
HECK!! Either way, you ARE going to pay more, in Interest Rate charges, than if you had bought last year. Bankrate.com shows that the 30Yr Fixed benchmark is now/today at 3.93%. That will cost a bor more »
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Comment on: Runaway prices?
Scott, The answer is YES, it can and will stop on its own. Rates have already gone up, and things are ALREADY cooling down (a bit). 1-2 months ago, I was seeing houses come on the market in my are more »
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Comment on: Trapped in your house?
Scott, This: "Why? Banks are now looking for 20 percent down. As a result, these homeowners won't walk away with enough cash to make the down payment on their next home." is.....sorry..... BS. We bo more »
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Comment on: Immigrants: Key to the next housing boom?
And another benefit of living is Quincy is....
http://www.boston.com/yourtown/news/quincy/2013/05/after_rash_of_vehicle_break-in.html
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Comment on: Immigrants: Key to the next housing boom?
@thirty..
Quincy, maybe. But Sharon? Hispanic isnt the minorty that comes to mind there, and housing is EXPENSIVE in Sharon, and typically not something that a non-professional couple can afford.
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Comment on: Driver who struck and fatally injured MIT visit - Flash Player Installation
@BBiii
Leaving the scene of an accident, IF you didnt know what happened (ie, that you bumped/hit someone something) isnt a crime. KNOWING that you hit someone, and then fleeing, THATS a crime.
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Comment on: Driver who struck and fatally injured MIT visit - Flash Player Installation
This is a tragedy for the family of the cyclist and the truck driver. But unless the driver was negligent, he shouldnt be charged with a crime. On the roads of a busy city like Boston or Cambridge, more »
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Comment on: Housing too hot?
@beer "FYI, QE did not end the housing's decline, the govt's mortgage settlement did. It effectively wiped most foreclosures off the market, triggering the inventory shortage." Not sure about this, more »
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Comment on: Housing too hot?
"Nonsense, the Fed has been buyng the long end if the curve for 4 years, QE3 is not any different than QE I or 2." Now THAT is nonsense. QE3-to-Infinity is a MUCH larger ($$ wise) effort, and more i more »
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Comment on: Housing too hot?
PS: I am aware of the Tax Stamp "cost". Its about 0.5%. My seller had to pay it, and it was on my HUD-1. Again, these are transaction costs of buying/selling, which are HIGH for Real Estate. Some ar more »
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Comment on: Housing too hot?
Listen, I was a bear back then, AND WITH GOOD REASON. Based on what we knew, another 10-20% down was possible, given the market. What we DID NOT KNOW, and (atleast for me), could NOT imagine, was more »
Forget 4000 Sq Ft of Space. We are apparently so space starved in the Greater Boston area, that we will buy houses that have some MAJOR issues/Health Hazards, in the form of MAJOR Power Lines running more »