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Archive for August, 2007


Free loans

Bank of America came out with a no-cost mortgage loan program, earlier this year. Apparently, Washington Mutual has one of these, as well.
The Bank of America plan offers a loan with no closing costs - no application fee, no appraisal fee, no credit report fee, plus you even get a $200 credit at closing [...]

08/24/07 | 6 Comments »



Everyone rides free

If you live in the city of Boston, you constantly complain about three things: public transportation, street sweeping, and garbage. If you don’t constantly complain about these things, you probably constantly complain about how people are constantly complaining about these things.
I love that the MBTA has switched over to a token-less system. I [...]

08/24/07 | Leave a comment »



All about Portsmouth

The Times gives a mini-review of Portsmouth, New Hampshire, in today’s paper.
Residents describe Portsmouth as a mini-Boston. The city’s historical section is loaded with Cape- and Colonial-style buildings from the 18th century, and the commercial focal point is Market Square, where the tall white steeple atop the North Church is the town landmark. The streets [...]

08/24/07 | Leave a comment »



Contractor sues owner / lender of Broadluxe development

Yesterday, I took a ride down to NYC on Amtrak. Along the way I started talking with someone from AJ Martini, a big Boston (and now, Miami) construction contractor. We had a very interesting conversation about buildings and architecture. We eventually got around to discussing one of Martini’s (past) projects, Broadluxe.
He shared some [...]

08/23/07 | Leave a comment »



What should we do about this problem?

So, apparently some people are having trouble coming up with the money for their monthly mortgage loan payments.
What do we do about this?
Here are some of the options:
* Allow homeowners facing foreclosure to crash and burn, in silent desperation, making the rest of us feel smugly superior, but potentially causing a national (and/or world) recession;
* [...]

08/23/07 | 4 Comments »



Bully heads to Washington to bully more people

Local “activist” Bruce Marks prides himself on being a bully.
His organization, Neighborhood Assistance Corp. of America, uses threats and intimidation to force banks to bow to his demands.
Marks first came to prominence in the late-1980’s, when he led a walkout of hotel workers, basically bringing Boston to a standstill, until he was able [...]

08/23/07 | Leave a comment »



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Recent comments

  • Bradley, Beacon Hill Condo Developer: My prediction: With O & H at the helm, they’ll be sold by March…. May at the latest. I would conservatively guess at least...
  • Jen, Did you refinance your Mortgage?: I refinanced my mortgage last month. It was a 30 yr fixed to another 30 yr fixed at a lower rate. The process took a little less than 3...
  • John Ford, Economist made a mistake?: Confused, how does that syaing go “to err is human to forgive devine.”
  • confused, Economist made a mistake?: Gee, you think he’ll give the money back to all the people who bought his book…or better yet all who bought at the top who...
  • john Ford, Did you refinance your Mortgage?: Mark, thanks for your insights. Keep me posted if you see any trends in the mortgage market place.
  • Mark, Did you refinance your Mortgage?: Hi JohnF, I am a mortgage broker in Stoneham and I can say that most lenders are backed up big time! Some of the lenders that I work with...
  • BS, Back Bay Parking : My place wants between $40k-$45K in covered attached sub-garage. At 30K I would do it just to add value to the apt on resale.
  • Hrmm!, Back Bay Parking : not that much when you realize a resident sticker costs you nothing but a short walk for your fat ass.
  • JFord, Boston condo listing: I can’t say either way. Please note, it wasn’t me that said it was the largest in the city it was the listing broker.
  • Anon, Boston condo listing: 15×30 is a nicely sized roof deck, but it is hardly the largest in Boston.




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