1 reply to this topic

[nimblebear]

This keeps growing everywhere.

http://www.boston.co...ge_to_a_record/

And we are not even in a recession according to most.

[Sentient Being]

This keeps growing everywhere.

http://www.boston.co...ge_to_a_record/

And we are not even in a recession according to most.

Boston was one of those Hot Hot markets, but the rest of the state has not faired so well.

Springfield just down the road is a city trying to recover from having gone bankrupt and Holyoke which is closer, is (I believe) our poorest city in the state. A place I would never want to live believe me. My property values appreciated so gradually over the years, I can't imagine they would "collapse" in price. However, for tax purposes, it would be ok by me if they valued it at a penny!

I think I once read the average "home owner" lived in their house 5 years. We tend to think for life or long term but reality for most is very different. The destruction of our economy by housing bubble burst has got to be the most advertised destructive bubble break. The yahoo boards are full of board trolls preaching the destruction of the economy to come. All this hype really makes me think that we will just have a soft landing. Some of these figures for towns like Boston can 'double' such as foreclosures and still be good numbers because things were just sooo great in Boston for so long.

Edited by Sentient Being, 03 March 2007 - 09:21 AM.