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May 30, 2005

More on the Boston Housing Bubble

Boston bubble:

There's an article in the Boston Globe today that reports on a prediction by The New England Economic Partnership (NEEP) that housing prices in Massachusetts will decline by 3% by 2007. Based on the near 100% rise in housing cost in metro-Boston over the last ~5 years, I'd say that we could correct a lot more than 3%...but they do have a point when they say that we're heading into a positive economic climate. I dunno....there's no way that I could buy a place that's like my current apartment and expect to pay anywhere near the amount...

 

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Posted on May 30, 2005 05:27 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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