Are there signs of people leaving Boston for cheaper parts of the state yet? (Worcester: rental, new house)

[lrfox]

Originally Posted by yesmaybe

But how would you get to your job if you lived in Salisbury or Worcester.

I think most of the discussion assumes the hypothetical people involved can work remotely.

[porterhouse]

Originally Posted by simplexsimon

Aren't rents in Boston falling? Or only for luxury apartments?

Rents are falling somewhat (temporarily) due to students not coming back (they make up a big part of the luxury market as well). However, sales prices have not dropped off. Volume and supply are down like everywhere and this has only driven prices higher from what I’ve seen from a very recent market analysis. For those considering leaving the city, it’s a good time to cash in and rent for a year.

[BostonBornMassMade]

https://commonwealthmagazine.org/hou...ket-in-boston/

“Here’s a glimpse of the deals being offered. A two-bedroom in Allston for $1,900 with no security deposit or broker fee. A brand-new Mission Hill studio apartment for $1,500, 20 percent less than it was renting for pre-pandemic, with no fees. A studio in Brighton for $1,250. A posh one-bedroom with a roof deck on Beacon Hill, usually in the realm of $2,600, is available for $1,900, with heat included.

Kristie Aussubelm, the owner of Presidential Properties, which rents apartments on Beacon Hill and in the Back Bay, said she has a three-bedroom apartment on Beacon Hill available for $1,000 below its original asking price of $3,500. “That used to be the market price of a one-bedroom,” she said.

Tenants used to pay upfront the first month’s rent, the last month’s rent, a security deposit, and a broker’s fee. Now many landlords are not requiring the first and last month’s rent upfront and some are giving tenants one month rent-free. Many landlords are also picking up the cost of the broker’s fee.”



Here’s a beautiful 2 bedroom in Roxbury for $1650 Moderator cut: link removed, competitor site

Another decent on in Lynn for $1400 Moderator cut: link removed, competitor site

Here’s one on Juliette Street (next to Ronan Park) in Dorchester for $1700 Moderator cut: link removed, competitor site
$1500 for a livable unit in need of serious modernization in Malden Moderator cut: link removed, competitor site

$2100 for 1100sqft for a 2BR Milton Moderator cut: link removed, competitor site

[Lampert]

I was paying less than 1,000 for a 2br in a 10-years-old building around Worcester. And mine included heat and hot water. Mine was particularly cheap but they usually were available for 1,000-1,100 in the same complex. And free parking not on the street of course.

[sawyer2]

No issues yet in my rentals.
- 2 apartments renewed in May at same rent (Brookline and South End)

- 1 apartment turnover in June at 10% higher than previous tenant (B Bay). Tons of well qualified applicants through Zillow/Craigs and rented with 2 days of posting.



However, I have a friend who owns 15 or so apartments targeted at NE/BU/BC students and he is at about 50% occupancy currently and doesn't expect that to get any better.

[bohemka]

If we were to uproot our kids, we'd probably leave the country. This place is a dumpster fire. The only glimmer of hope is that we love our community. But if we were to leave, we'd go far, far away.

[porterhouse]

Where would you go?

[Zephyr2]

I think people that are moving are doing so to go to places with less COVID-19 risk, less dense, less crowded living, easy parking so they can use their cars, stuff like that. It might mean a reduction in cost of living too, but not necessarily. In my experience, people use the savings in lower cost areas to purchase more house and end up spending the same.

[bohemka]

Originally Posted by porterhouse

Where would you go?

Just about anywhere in Europe. My wife and I lived there for a number of years before she dragged me back here after our first child. We love where we live now, and there's something to be said for sharing cultural idiosyncrasies with your children, but the big picture here is frightening—toxic even—and our quality of life was significantly higher there.

[robr2]

Originally Posted by yesmaybe

But how would you get to your job if you lived in Salisbury or Worcester.

Originally Posted by lrfox

I think most of the discussion assumes the hypothetical people involved can work remotely.

Thank you.

I cover New England and can be based anywhere - Worcester would work. If my wife goes back to an office though, she'll curse me out if she had to commute to Somerville from Providence or Worcester.