How does CPI miscalculate RENT, and why you should by Multi-Family NOW
Friday, November 12
Every day we are seeing articles about INFLATION and that inflation is a Self fulfilling prophecy. That is, if we think that there will be increases in prices, then we will make buying decisions based on that, and it will drive up prices. Pretty simple process. Inflation is based on CPI (Consu...
Will Baby Boomers sell their houses? Effects on Multifamily
Monday, November 08
A survey of of over 1500 American Homeowners aged 60-75 from American Advisors group says that 82% of survey respondents said they would prefer to live out their remaining years in their current home if they can. How does that impact the Worcester Multifamily housing market? First we would need ...
Main South Worcester Opportunity?
Monday, November 08
Sunday November 7, 2021 article by former mayor Ray Mariano https://www.telegram.com/story... Quick synopsis here. People used to not want any part of Main South, but now they do. Projects are coming into Worcester and developing this section of the city. What is not mentioned anywhere in the a...
Have we hit a peak in the Multi Family Market in Worcester? 7/19/21
Wednesday, November 03
This is a repost of an email I sent to my Clients on 7/19/2021 and additional 11/3/2021 comments at the bottom On Mon, Jul 19, 2021 at 9:07 AM Brian Allen <[email protected]> wrote: I believe Worcester has hit a high water point for CERTAIN TYPES OF MULTIFAMILYLet's look at the numbe...
Tenant Right of First Refusal on Sale of Properties is a BAD IDEA
Sunday, October 24
Massachusetts is considering allowing Tenants the Right of first refusal to purchase the properties in which they live. The proposed Bill would allow those tenants up to 6 months to purchase the home when the owner decides to sell. This article talks about how DC which had a similar program has...
condo investment, is it something i should consider?
Tuesday, October 19
I had a buyer tell me that they didn't want to buy a multifamily for an investment, but rather buy a condo. With a condo you pay fees to take care of everything outside, have a lower insurance cost and lower taxes. All you have to do is make sure that your unit is ready to go and collect your lit...