2023 Real Estate Observations (Brockton, Lynn, Lawrence: prestigious, best place to live, environmental)

[msRB311]

Originally Posted by newenglandgal123

We will be mostly a nation of renters at the rate this is going.

who knows. We are also a nation of people who think home ownership is the way to go and you've failed at life if you don't buy a home.

[newenglandgal123]

Originally Posted by msRB311

who knows. We are also a nation of people who think home ownership is the way to go and you've failed at life if you don't buy a home.

Sadly this is somewhat true at no fault of the folks who are trying to buy a home but the cards are stacked against them....it's just the facts......people who own homes usually have a higher net worth and end up with more $$ when it's time to retire.

[simplexsimon]

Originally Posted by msRB311

who knows. We are also a nation of people who think home ownership is the way to go and you've failed at life if you don't buy a home.

Agree that real estate is like religion in this country.

Originally Posted by newenglandgal123

Sadly this is somewhat true at no fault of the folks who are trying to buy a home but the cards are stacked against them....it's just the facts......people who own homes usually have a higher net worth and end up with more $$ when it's time to retire.

I think this statistic is misleading, it's like saying people who eat caviar on average have higher net worths than people who don't. I'm not saying buying a home has not worked out for people, but it's not a clear win if one doesn't run the numbers and have some luck on their side. Especially if you're trying to buy now.

[newenglandgal123]

Originally Posted by simplexsimon

Agree that real estate is like religion in this country.



I think this statistic is misleading, it's like saying people who eat caviar on average have higher net worths than people who don't. I'm not saying buying a home has not worked out for people, but it's not a clear win if one doesn't run the numbers and have some luck on their side. Especially if you're trying to buy now.

https://www.wcvb.com/article/navigat...11321/44845403

[simplexsimon]

Originally Posted by newenglandgal123

https://www.wcvb.com/article/navigat...11321/44845403

I can't tell if you were agreeing or disagreeing, but to clarify, what I was saying was while the statistic may be factually true it does not mean home ownership is the reason for higher relative net worth or that the lack of home ownership is the reason for relative lower net worth.

[msRB311]

in MA the problem seems to be where to buy a home and people are super snobby. It seems like people ONLY want to buy where the schools are top notch. It's become stupid what people will pay to live in a home in a town with good schools, then the towns with just ok schools are still overpriced, but people snub those towns in a heartbeat. We see it on this forum all the time.

As has been said before paying 1.3+ for a cape or raised ranch in a town that has impressive schools is what MA has become. If you bought a really nice house in Weymouth or even Hanover people wonder why you didn't aim for better or just assume you couldnt afford. MA has a long way to go as far as being inclusive goes. Right now it's pretty bad.

[newenglandgal123]

Originally Posted by msRB311

in MA the problem seems to be where to buy a home and people are super snobby. It seems like people ONLY want to buy where the schools are top notch. It's become stupid what people will pay to live in a home in a town with good schools, then the towns with just ok schools are still overpriced, but people snub those towns in a heartbeat. We see it on this forum all the time.

As has been said before paying 1.3+ for a cape or raised ranch in a town that has impressive schools is what MA has become. If you bought a really nice house in Weymouth or even Hanover people wonder why you didn't aim for better or just assume you couldnt afford. MA has a long way to go as far as being inclusive goes. Right now it's pretty bad.

Hanover, what's wrong with Hanover? I thought that was considered a nice town, plenty of mil plus homes there. Weymouth....well...that town's a lot grittier and housing stock not as nice, but still some decent pockets.



Yeah, people are nuts...what many existing homeowners who purchased in 2021 and prior fail to do though is put themselves in the shoes of a current prospective buyer. Could they afford it today, all else the same with incomes, etc.? No, they probably couldn't or at least not what they have now or the town they're in now. They can be a snob all they want until they have a life situation that forces them to sell or have to move, then it's game over....let's see how much of a snob they are then.

[msRB311]

Originally Posted by newenglandgal123

Hanover, what's wrong with Hanover? I thought that was considered a nice town, plenty of mil plus homes there. Weymouth....well...that town's a lot grittier and housing stock not as nice, but still some decent pockets.



Yeah, people are nuts...what many existing homeowners who purchased in 2021 and prior fail to do though is put themselves in the shoes of a current prospective buyer. Could they afford it today, all else the same with incomes, etc.? No, they probably couldn't or at least not what they have now or the town they're in now. They can be a snob all they want until they have a life situation that forces them to sell or have to move, then it's game over....let's see how much of a snob they are then.

I don't think anything is wrong with Hanover but when it comes to south shore towns it seems the only ones ever mentioned are Hingham, Cohasset, Scituate, Duxbury, norwell. Hanover seems to be in this other league that is not as good as many other towns. Same thing on the north shore and metrowest with the towns with the better schools.

Heck I think Braintree seems nice these days, but I rarely see that town mentioned here either.

[simplexsimon]

Originally Posted by msRB311

I don't think anything is wrong with Hanover but when it comes to south shore towns it seems the only ones ever mentioned are Hingham, Cohasset, Scituate, Duxbury, norwell. Hanover seems to be in this other league that is not as good as many other towns. Same thing on the north shore and metrowest with the towns with the better schools.

Heck I think Braintree seems nice these days, but I rarely see that town mentioned here either.

The forum's definitely biased. I think homes in most towns not suggested are being bought and sold these days, maybe not with the same kind of price appreciation seen in other towns.

[msRB311]

Originally Posted by simplexsimon

The forum's definitely biased. I think homes in most towns not suggested are being bought and sold these days, maybe not with the same kind of price appreciation seen in other towns.

Agreed. The only towns ever mentioned on here really are the top towns. Clearly people are still buying those towns not mentioned based on prices.