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Archive for August, 2008


Subprime lending: the insider’s story

Have you heard about this subprime lending crisis?
Apparently, a lot of people were getting loans they didn’t deserve. Sketchy lenders, sketchy borrowers, little oversight. Greed. You know the drill.
In what’s being touted as a “tell-all” tome, an out-of-work subprime lender has written a book about his years in the business.
Confessions of a [...]



Good news: the recession you didn’t know you were in is almost over (part 2)

Remember way back in February, 2008, when many economists and just about all the media were talking about the impending recession?
Oh, about that.
From the AP / New York Times:
The government on Thursday revised higher its estimate for economic growth in the second quarter.
The Commerce Department said gross domestic product, or G.D.P., increased at a 3.3 [...]



Office and commercial activity remains strong in Boston

Jones Lang LaSalle is out with its second quarter 2008 Marketscape report.
According to them, office rents were up 10% during the first quarter (compared to 2007) and flat in the second quarter.
Absorption remains strong.
Three high-profile projects will come to completion during the next two years, adding a total of 1.7 million square feet to the [...]



South End gossip

* A well-known, high-profiled restaurateur/author was seen breaking bread in the Back Bay Starbucks the other day, in a hush-hush meeting with what appeared to be a financier, chef, or … both? Are things “at sixes and sevens” inside the restaurant these days? Who knows?
* Is an empty office on the same block [...]



Let the games begin! Fall real estate market in Boston

I don’t care if you think national housing prices are going down or the US economy is on the skids; I can say with uncertainty that right now, there just isn’t enough sub-$1 million condo inventory in the downtown Boston market.
If you’re considering a move, I think you can do well, if you price your [...]



Ten steps to take before buying a home

I found this entry from back in March, 2005. It’s useful information, especially now as we enter the fall market.
10 Steps to Prepare for Home Ownership (courtesy of National Association of Realtors)
1. Find out how much home you can afford.
(Contact a lender - NOW. This is the number-one step to make sure your [...]




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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.