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...
Mexican Standoff Revisited
Thursday, June 01
Here is my blog from 7 months ago https://www.biggerpockets.com/... And here is an article with some thoughts from Barbara Corcoran, https://www.foxbusiness.com/re... Corcoran is singing my tune: "So you get a Mexican standoff going on, but things are changing," she said. "The people who are goi...
RentVestors are a New Breed
Wednesday, May 31
There is a new term in the real estate lexicon, "RentVestor" These are people who are buying rental properties instead of primary housing. We have seen this in the past, when people from CA would rent in CA and buy a house in AZ as a rental home or a vacation home. They couldn't afford their drea...
Time to start paying the student loans
Tuesday, May 30
https://www.biggerpockets.com/... You can see from my post from over a year ago, I have been advocating that students start paying their loans for a long time. Well the time appears to have come. https://www.newsbreak.com/news... https://www.newsbreak.com/news... https://www.newsbreak.com/news......
State of the WorcesterMulti market 5/30/2023
Tuesday, May 30
If you follow me you will see that I have not posted in a while. It is not because I didn't have anything to share. It is because my son was playing Lacrosse at Loyola of MD this spring and I tried to get to all the games. Now I am back. Inventory in Worcester is very low. 31 buildings for sale ...