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Are you ready to live that landlord life? Here’s why the answer should be Yes.
You just found out you’ve been transferred to a job across country. You’ve inherited a home in the Boston area, but you don’t live here and don’t plan to any time soon. You’re planning to retire to warmer climes, but have to sell your Boston home first. Or maybe you’re a budding real estate investor who’s looking to pursue a Buy and Hold strategy in the competitive Boston real estate market.
But you might notice that the walls are looking a little bare. And your furniture doesn’t seem to match…anything. There just isn’t a lot of apartment decor at this point.
Boston Pads recently published a series of infographics showing the average rent prices in 22 of the most sought after neighborhoods in the Greater Boston area. Utilizing their extensive database of over 156,000 Boston apartments, they were able to calculate the average rent price for most of the areas in close proximity to the city.
Boston’s housing market is made up of so many young professionals who are highly educated, financially sophisticated, and fiscally responsible. And everyone knows that buying is always the better bet. Right? Tax breaks and endless home value appreciation mean that the first thing you must do when you get that great job or that long-awaited promotion is buy a home. Right?
A lack of available housing is a consistent theme heard throughout the US these days, and that holds especially true in the Boston real estate market. Building new homes is an obvious solution to combating the housing problem, but a slew of factors are negatively impacting the residential construction workforce.
Boston Pads, the premier online real estate information portal for the Greater Boston area, recently surpassed 16,000 landlord records in its real-time database.