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Archive for July, 2005Comparing the cost of buying vs. rentingHolden Lewis, who writes the great Mortgage Matters column for bankrate.com, follows up on an earlier article he wrote regarding the infamous "buy vs. rent" comparison that some (educated) people use to back up their argument that housing is "expensive". Riskiest real estate markets in U.S. pinpointed; Boston, MA is #1The PMI Risk Index people say that there’s a 53% chance that Boston housing prices will go down within the next two years. Wait, does that mean there’s a 47% chance prices will go up? Boston firefighter says city housing prices are too high for himIt may just be the contrarian in me, but I don’t agree with the basic argument here. New development on Revere Beach brings luxury to waterfrontI have to say this about today’s new development, it’s about time someone built a nice condominium complex on Revere Beach. When you think about it, waterfront property has much appeal. Yet, so many seaside communities look like dumps (I’m thinking Salisbury Beach, for example). What You Get For The Money (episode 1)Here’s the concept: Pick a purchase price amount, anywhere from $200,000 to $2,000,000 and compare what you can get in each of Boston’s neighborhoods. HUD Settlement Costs Booklet outlines costs of buying real estateI have added a link to the list at left for an excellent booklet put out by the US Department of Housing & Urban Development. It doesn’t just break down a list of closing costs, it explains just about everything you need to know about financing the purchase of a house or condo. |