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

To: Les H who wrote (10862)	5/30/2003 12:17:29 PM
From: fatty	Read Replies (5) \| Respond to of 306849

I live in Boston and I don't understand the local market (read: metropolitan Boston) at all. Houses that didn't sell last year are back on market again with a 20% higher price. Houses that were sold 2-3 years ago are now available for twice the price. I and a few people I know have been looking to upgrade. We all have household income between $100-$200k. We have lots of money to spend on food, entertainment and vacation but we just can't afford a decent house (read: a 3 bedroom with a 5000 sq ft lot in a town with SAT score better than 1000). Consider our primary reason to upgrade is get better education for our children. I think it's far more affordable to stay where we are and have our spouse home school our kids. Our spouse definitely have better education and higher SAT than most public school teachers. I have no idea who are the ones buying up all those $600k houses.