2021 Real Estate Observations (Boston, Cambridge, Quincy: reverse commute, metro area, areas)

[msRB311]

Nope I don’t want to knock down more trees n

[WestieWhitie]

Originally Posted by BostonBornMassMade

you would rather lower salaries across a 7 million person state with nearly 5 million workers.... than build tens of thousands of new housing units on open land?

Well, I'll tell you right now. Salaries aren't going to get lower. Let's just get that out the way and proceed from there. No one (let alone more than one person) is gonna cut salaries 40% so folks can live in Milton, MA one day.

Let's move this focus back to actually building enough housing because that was a strange and peculiar diversion from reality.

…and nothing of substance will get built in the suburbs until the inclusionary zoning BS is done away with. Those paying high six or seven figures to get away from “urban culture” and live in a safe affluent town with good schools will fight tooth and nail to keep it that way, rightfully so.

[GeoffD]

Originally Posted by id77

I'm seeing a trend among at least some in that group to pivot into real estate as an investment precisely because it's an increasingly attractive haven to stocks right now. Take cash out of a cooling stock market (many already did months ago, what's still in will be left in by anyone with half a brain) and throw it into a warm housing market, generate cashflow from tenants, and voila: hair keeps growing.

Doesn't help the people competing against cash buyers, particularly in the markets that do well with renters.

It’s always been a good inflation hedge. And a cash buyer can always leverage the income property after the fact to create the cash to buy the next one.

[bricka]

Originally Posted by msRB311

people snub places like Milton

?

[msRB311]

I don’t see Milton getting a whole lot of interest here. Seems like people are all about Newton, Weston, Wellesley, Lexington when it comes to schools. Which is fair enough I guess since if you’re all about ratings those schools fare better than Milton.

[BostonMike7]

Originally Posted by msRB311

I don’t see Milton getting a whole lot of interest here. Seems like people are all about Newton, Weston, Wellesley, Lexington when it comes to schools. .

In all fairness, I don't have much interest in Newton, Weston, Wellesley and Lex either....


I know the collective brain trust is gasping at such a diabolical statement.

[CaseyB]

Originally Posted by msRB311

I don’t see Milton getting a whole lot of interest here. Seems like people are all about Newton, Weston, Wellesley, Lexington when it comes to schools. Which is fair enough I guess since if you’re all about ratings those schools fare better than Milton.

That's because metrowest is more popular. Nothing against Milton.

[msRB311]

Exactly. This forum and people wanting to move to the Boston area from other parts of the world are all about Metrowest.

[yesmaybe]

Originally Posted by msRB311

I don’t see Milton getting a whole lot of interest here. Seems like people are all about Newton, Weston, Wellesley, Lexington when it comes to schools. Which is fair enough I guess since if you’re all about ratings those schools fare better than Milton.

Commuting is a lot of that too.

[msRB311]

Milton is the closest suburb south of Boston. That's a good commute.