Boston highrise condo community
If you’re thinking of buying or selling a Boston high rise condo, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too.
Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below):
When a high rise condo is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:
“. . . housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .”
It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.
Think about all the people involved with selling a house—city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.
Put simply, when you buy or sell a home, you’re helping out your neighbors. So, when you decide to move, you’re not just meeting your own needs—you’re also doing something good for your community. Just knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.
Boston Condos for Sale and the Bottom Line
Every time a home is sold, it really helps out the local economy. If you’re ready to move, let’s get in touch. It won’t just change your life—it’ll also do a lot of good for the whole community.
Peace be with you.
Updated: Boston Real Estate Blog 2024
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The other day, I conducted a showing in one of the newest Boston luxury condo high rise buildings. As my client and I were in the elevator, and as others were entering and exiting. I noticed there was no “hello’s” or any friendly acknowledgements among the passengers.
As Bostonians, we talk a great deal about making our community a more welcoming society and more importantly in our own condo buildings for our neighbors and especially for new Boston condo owners.
The big question is how do we put the flesh to the bone on this lofty goal? Maybe in the elevators is where we can begin, after all its where we meet the most often. Making an effort to say hello in the elevator is one way to experience ourselves as a community. Being community is not a spectator sport where all we need to do is watch what is going on in our surroundings.
The vibrancy of our community belongs to all of us. Leaving all the work to a few is not a good way to run a railroad. We can create a culture of hospitality and collaboration and a strong community when we all work together. Or just saying hello in the elevator.
Something to ponder about.
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Updated: Boston Real Estate Blog 2024