
I keep an eye on some Boston real estate blogs. Interesting to see what the pundits and such have to stay about real estate in the Boston area - something always talked about even when there are not crises at hand... Although it is interesting to read agents blogs, as they put a positive spin on everything.
As most of you know, the South End went form a nice place to playground-for-the-rich in no time at all, and affordable is not a word mentioned around here. This is shown in a recent agent's blog entry:
If you do a search on South End Condos that are under $300,000 in the Boston MLS, five (5) results will be returned. One of the 5 is a parking space, and 3 of them are studio units no larger than 378 square feet.
Wow. maybe I should just buy a parking space and pitch a tent. And for those counting, the 5th condo referred to above is one that is in very rough shape (and only 654 sf, not exactly a palace). The agent brightly says "of course any buyer would want to do a total rehab". Now the condition is such that a rehab is in order. But it is a sad reflection that something that is 'affordable' is is such poor condition that living in it would be difficult and undesirable.
Maybe another few months of a collapsing economy might help...


