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Archive for August, 2008
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 [...]
08/28/08 |
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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 [...]
08/28/08 |
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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 [...]
08/27/08 |
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* 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 [...]
08/27/08 |
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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 [...]
08/27/08 |
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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 [...]
08/26/08 |
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