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The Greater Boston market is still red hot. There is a small supply of new construction in my town. Perhaps about 30 homes a year that are tear-downs.
The price is between 2.5 million & 3 million dollars for most of them.
The town I live in is upper middle class, but by no means is it a top-tier town like Lexington, Brookline, or any of the famous greater Boston W towns like Wellesley.
It is mostly unaffordable for people of even solid incomes to buy in this area any longer.
These tear downs are are going for 2.5 to 3 million in greater Boston area? I did not expect that.
What y’all think is gonna happen with the market & interest rates if/when Trump is back in office?
Little change at all in market conditions with the expectation of lower interest rates by the end of 2024 into 2025. The major issue in most markets is lack of inventory, putting upward pressure on prices in most desirable markets that have strong local job markets.
What y’all think is gonna happen with the market & interest rates if/when Trump is back in office?
We are fortunate that the Fed is independent of the political whims of the Presidency.
Jerome Powell's current term expires May 15, 2026.
IF Trump wins, he will belittle and browbeat Powell in particular, demanding interest rate reductions.
It did not work the first time around.
When Powell's term expires, Trump can be expected to appoint a weak hack sycophant who will bend to Trump's will.
That is when the U.S. Senate will have to be diligent in approving nomination, and when the backbones and independence and integrity of the other governors will become even more important.
We are fortunate that the Fed is independent of the political whims of the Presidency.
Jerome Powell's current term expires May 15, 2026.
IF Trump wins, he will belittle and browbeat Powell in particular, demanding interest rate reductions.
It did not work the first time around.
When Powell's term expires, Trump can be expected to appoint a weak hack sycophant who will bend to Trump's will.
That is when the U.S. Senate will have to be diligent in approving nomination, and when the backbones and independence and integrity of the other governors will become even more important.
We've had a somewhat odd situation in our neighborhood and have heard similar stories from a couple friends. (Los Angeles suburbs).
Ever since we've lived in this nook, almost all sales have been through the same 3 or 4 agents who specialize in our hood and adjacent ones. We'd see an occasional sign for a different realtor from time to time.
Recently there have been a number of out-of-the-area (not out of state or anything, just in a different part of the city) investor/agents who bought and tried to flip homes but did so at the worst possible time with prices and interest rates. These houses have sat and sat for months. And they're not being kept up very well. Sore spots in our otherwise great neighborhood.
Dude
You made the statement therefore onus is on you to prove your theory.
I see no evidence that Trump, aside from Soapbox speech, would be able to drive an independent Fed Chairmen (assuming he/she has a pair) to any sort of decision that contradicts his/her own opinion.
TDS makes people say funny things.
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