The thought of rent control often evokes strong emotional reactions regardless of whether you support or oppose it. Anyone who has ever rented a home can relate to the feeling of disappointment (or even frustration and anger) when you receive notification of an impending rent increase. Rent control is often discussed in politics as a social issue. But when you take a step back and look at the bigger picture, there are many economic consequences when rent control is implemented and/or ceased, many of which end up hurting the very people that rent control was intended to help. This Freakonomics episode discusses exactly why rent control does not work and we highly recommend you take a listen.
Read MoreAfter a few down months at the start of 2019, the construction of housing finally saw an uptick in April. Housing starts rose 5.7% across the country and “building in the Northeast increased at the fastest pace in nearly two years.” Take a read through this article for more commentary on these statistics.
Read MoreMany are saying that there already is and will continue to be a wave of first-time homeowners looking to plant some roots in Boston. The economy is diverse and let’s face it, who wouldn’t want to live in the city of champions? But a bustling economy comes with a competitive real estate market and homes are often selling above the asking price. Check out this article to see what neighborhoods in and around Boston first-time homeowners are looking to buy.
Read MoreEvery developer in Boston knows what a hot market Eastie has become in the past five or so years. Every developer in Boston also knows that this development has been met with a lot of pushback from Eastie locals. But is that pushback merited? This article in Boston Magazine provides some great insight into the dynamics between locals, developers, and millennials and explains why a little understanding and appreciation of Eastie’s past might go a long way in bringing everyone together.
Read MoreFor a long time, Chelsea has always been primed for resurgence. But with rising real estate prices throughout the Boston area, Chelsea is one of the few places where homeowners can still find more moderately priced homes. Check out this great read about the perks of living in Chelsea and why it might just be the next Eastie.
Read MoreAs many people living in and around Boston are aware, there just doesn’t seem to be enough housing to accommodate all the professionals, students, families, and longtime locals that live here. While it’s easy for all of us to get frustrated with increasing costs of housing and the seemingly shortage of it, we should all take a second to read what local officials, zoning boards, developers, activists, and private institutions are already doing to address this issue. This article summarizes a few solutions already underway.
Read MoreFor all of my fellow real estate investors out there, you have probably noticed the same frustrating trend that I have with properties being marketed over the last few years. Every day, properties have been offered to the market with incredibly low cap rates and no potential for upside except unpredictable, hypothetical appreciation. For the majority of these properties it is impossible to make the numbers work for anyone other than large institutional investors or UHNWI looking to park money. In March of this year, CBRE and other real estate advisory firms were predicting that in 2018 we would begin to see a rise in Cap Rates.
Read MoreWe’ve all heard that cliché saying in real estate, “location, location, location”. Despite it being over-used and often times written in all capitals on corny listing sheets, location is truly one of the most important components to real estate. Just as you would evaluate the numbers of an investment property, you must also evaluate the economics and demographics within the subject market itself. This blog article will outline some of the most important characteristics of choosing a market, and consider what makes a market desirable or undesirable for investors.
Read MoreA confluence of factors is contributing to a shortage of supply of rental housing and an increase in demand in most markets around the country which is driving prices up. In this article, we will investigate what is contributing to the supply constraints and demand drivers as well as discuss what this climate means for investors.
Read MoreThis past week, CNBC published an article suggesting that “There is an acute crisis headed our way” in the multifamily real estate sector. The article surmises that the upper end of the luxury market is overbuilt and susceptible to a flattening or a market correction.
Read MoreI’ve heard this question in some form or another at least a dozen times over the past few months. It’s a reasonable question considering the run we’ve been on since the bottoming out in 2009. However, from an investor’s perspective, is it the right question to be asking?
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