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What is the Great Renovation?

Wednesday, June 28

You may start seeing articles talking about the Great Renovation. The housing stock in many places is very old. Worcester is the quintessential city for this. Since there are so few, new or move in ready houses, these are bought up by end users(owner occupants for the most part) Who buys the junk...


Why you shouldn't use an agent who is buying similar properties

Monday, June 26

Often people say you should use an investment agent/broker when you are buying an investment property. This is definitely something you should be doing. However you need to be careful if you are working with an agent who is buying for her/himself as there is a conflict there. One of the first que...


Harping on Student Loan Repayment again

Monday, June 26

I feel I must continue to beat the drum on this one. Check out this article. https://www.newsbreak.com/news... If/When student loans kick back in, that will pull $18 BILLION out of the economy a month. The sad part is that during covid when people were stuck home not able to buy anything, and sav...


Worcester Polar Park and the Woosox

Thursday, June 01

https://www.biggerpockets.com/... Let's revisit something from months ago and something we all knew was coming. Polar Park does not pay for itself. https://www.masslive.com/worce... As I mentioned in my prior blog post, it is great that we have Polar Park.  It is a great place, but it doesn't ma...


How "Sustainable Buildings" contribute to Gentrification

Thursday, June 01

When Cities and Towns require Stretch Code and LEED certified buildings they unwittingly raise housing prices and contribute to gentrification. Essentially, these codes drive up the price of construction. That has 2 effects.  1. Drive up the cost of buying or renting property2. Making projects un...


NEW HOUSING HELPS EVERYONE

Thursday, June 01

Here is another great article from Banker and Tradesman: https://docs.google.com/docume... We support these sentiments. Making housing affordable is not just about creating "affordable housing". The city of Worcester is working hard to get developers to simply build more units.  Yes, they are pus...