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Old 07-29-2017, 10:33 AM
 
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Quote:
Originally Posted by htfdcolt View Post
But aren't millennials mostly renting vs. buying high end properties and contributing to the run up?
The logic is that as younger people flee the area, there will be fewer prospective buyers when people go to sell their homes. That hasn't panned out yet.
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Old 07-29-2017, 10:51 AM
 
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Quote:
Originally Posted by htfdcolt View Post
But aren't millennials mostly renting vs. buying high end properties and contributing to the run up?
Millenials are likely leaving due to all the new people moving in. They know it won't stop...unless the colleges shut down or no new jobs are created. Either way it's a different city than it once was.
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Old 07-29-2017, 12:43 PM
 
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Originally Posted by Whatsnext75 View Post
Millenials are likely leaving due to all the new people moving in. They know it won't stop...unless the colleges shut down or no new jobs are created. Either way it's a different city than it once was.
"It's different this time"... The most commonly used phrase before every bubble pops
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Old 07-29-2017, 12:51 PM
 
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I'm not saying anything about a bubble im just giving reasons as to why millenials who grew up here are leaving. Particularly if they don't have a high salary or a rich mom and dad.
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Old 08-05-2017, 02:43 PM
 
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I don't think MA has a RE bubble. I think it's possible there is a general economic bubble and Trump is waving a pin around wildly, but for MA RE it's just insane demand and low supply based on strong attractions to the area.
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Old 08-05-2017, 09:06 PM
 
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The area has changed a lot in just a few short years. I never thought id see places like dorchester become as hot as they are now.
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Old 08-06-2017, 08:37 AM
 
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Quote:
Originally Posted by Xiao Mo View Post
I don't think MA has a RE bubble. I think it's possible there is a general economic bubble and Trump is waving a pin around wildly, but for MA RE it's just insane demand and low supply based on strong attractions to the area.
I agree with this. I used to think we were in a bubble, but after seeing the amount of high paying jobs opening in the area and many companies moving here, I don't think this is a bubble.

Mass. has become a very desirable place to live. At some point, housing price increases will slow, but I don't see a serious depreciation. This is bad news for long-time Mass. residents whose wages are not increasing fast enough to keep up with increasing tax rates and other costs of being a home owner, not just renters who are faced with very expensive rental costs.
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Old 08-06-2017, 08:58 AM
 
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It is a problem for boston public school teachers, EMTs, police/firefighters who are forced to live in the city for 10 yrs. Salaries may have to increase if they want to retain good people
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Old 08-06-2017, 09:00 AM
 
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Originally Posted by Whatsnext75 View Post
It is a problem for boston public school teachers, EMTs, police/firefighters who are forced to live in the city for 10 yrs. Salaries may have to increase if they want to retain good people
No one is forced to work for the government. Welcome to America.
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Old 08-06-2017, 09:03 AM
 
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Quote:
Originally Posted by Whatsnext75 View Post
It is a problem for boston public school teachers, EMTs, police/firefighters who are forced to live in the city for 10 yrs. Salaries may have to increase if they want to retain good people
From what I hear, it's already an issue in recruiting a sufficient pool of good candidates.
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