Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tony who wrote (4646)	8/23/2002 4:11:09 PM
From: fatty	Read Replies (2) \| Respond to of 306849

>Not so fast. It will be slow grinding or stagnate as low interest rates are here to stay. well, even with low interest rate, can you imagine buying a 1000 sq ft condo in a suburb of Boston for $300k? the problem with places like Boston is that the price increase outpaced the lowered interest rates, inflation and salary increases combined. i can see that condos linger on the market much longer than last year. the monthly mortgage after a 20% down is also substantially higher than renting the same unit. so why bother buying when you can rent? by the way, boston's current apartment vacancy rate is supposedly the highest in the past decade.