Is Waltham really this hot? (Cambridge, Quincy: condos, homes, schools)

[msRB311]

There's a lot of older nurses making a lot of money people want out as well.

[jayrandom]

Originally Posted by msRB311

It also seems pretty crappy to refer to anyone making 70k as a C player but I wouldn't expect anything less than geoffd. I guess anyone who is a teacher, social worker or anyone making that amount is just a worthless average person.

I wouldn't say "C" performers at the individual level but more at the industry level. Low-margin industries (not low-quality people) are leaving and are replaced by high-margin ones.

[Lampert]

The vast majority of people that actually perform research in all of the Boston universities (grad students, post-docs, instructors, lab technicians) make less than 70k/year.
Considering that universities are the thing that makes the Boston area special nationwide (and worldwide) it could be a big problem to squeeze the roots of your entire tree in the medium term.

[massnative71]

Originally Posted by Lampert

The vast majority of people that actually perform research in all of the Boston universities (grad students, post-docs, instructors, lab technicians) make less than 70k/year.
Considering that universities are the thing that makes the Boston area special nationwide (and worldwide) it could be a big problem to squeeze the roots of your entire tree in the medium term.

Right.

[msRB311]

Universities don't pay that well unless you're a Professor or a Dean.

[BosYuppie]

Originally Posted by Japanfan1986

If you’re in the $700-$800K range now, you’re still in a pretty good spot. If you’re in that range and have patience you can still have a good selection of houses in Waltham. Although you could probably pick up a more attractive house in Newton or Watertown for the same price if you hunt and again have patience.

Redfin shows exactly two SFH's in Newton for under 800K. Chances are they would go over ask anyway.

Newton is not stealing any house sales from Waltham, believe me.

[masssachoicetts]

Originally Posted by BosYuppie

Redfin shows exactly two SFH's in Newton for under 800K. Chances are they would go over ask anyway.

Newton is not stealing any house sales from Waltham, believe me.

two way different groups of people look in Newton and Waltham.

[jackshaw]

Originally Posted by bugelrex

Inflation causes all kinds of strange things. The Fed has been denying inflation for the last 20 years... its now very obvious it was all a lie

I'm not an economist but I think what has happened would not be considered inflation. There is an asset bubble caused by 20 years of the Fed maintaining very low interest rates and lots of liquidity. Thus money enters the economy and moves into asset classes other than debt. Non-debt assets which includes stocks, real estate, startups, etc. The net effect has a bubble in a variety of asset classes. So prices of real estate have gone up not because costs have gone up but because there is additional demand for the assets. However, that demand comes partly from artificial stimulation supplied by the Fed.

[Japanfan1986]

Originally Posted by BosYuppie

Redfin shows exactly two SFH's in Newton for under 800K. Chances are they would go over ask anyway.

Newton is not stealing any house sales from Waltham, believe me.

Like I said you have to hunt. They’re just not going to jump out at you in the middle of a random day. You could be sitting 6 months to a year.

[Awalker34]

I live in Waltham with two children and my wife and we just like it here more than the neighboring towns. There's a lot to do here and a lot of good food. We could have afforded a condo/town house in Newton or Arlington, but honestly the schools were the only "down side" and we like the idea of sending our kids to a school with less pressure, more diversity. Our kids are not school aged yet but we've heard nothing but good things from other parents in the neighborhood.