2023 Real Estate Observations (Cambridge: retiring, recruiter, leagues)

[matrix5k]

Originally Posted by fabfan84

Yep. A lot of realtors telling clients "just refinance when rates go down again." While it is possible we'll see rates at to 3% again, it is also possible this is a structural shift and we won't see rates that low again for decades.

Probably won't see 3% but 4-5% would be worth refinancing.

[Lampert]

Originally Posted by newenglandgal123

Note the proximity of the high voltage power lines in the aerial shot....that might be a turn off.

If you look at the history was sold in 2011 for 525,000 and that time also took time and first listing was 60k more.
That's not a house that appreciates 100% in 12 years..

[msRB311]

https://www.cancercenter.com/communi...they%20produce.

The lines are pretty unsightly I suppose. If people are worried about getting cancer from them nothing has been proven and there are many other items people use daily that emit EMFs

[massnative71]

Originally Posted by msRB311

https://www.cancercenter.com/communi...they%20produce.

The lines are pretty unsightly I suppose. If people are worried about getting cancer from them nothing has been proven and there are many other items people use daily that emit EMFs

Whether you believe it or not, it's going to affect resale and could pose a major problem when the market goes south.

[msRB311]

Originally Posted by massnative71

Whether you believe it or not, it's going to affect resale and could pose a major problem when the market goes south.

I would think it would be sold by the time the market goes south which people have been saying for a few years now.

[massnative71]

Originally Posted by msRB311

I would think it would be sold by the time the market goes south which people have been saying for a few years now.

It's not about right now, but whether this buyer will be able to sell it 5-10 years down the road when they look to move again.

[msRB311]

Originally Posted by massnative71

It's not about right now, but whether this buyer will be able to sell it 5-10 years down the road when they look to move again.

Well not everyone looks to move again. It depends on who moves into the house I guess. Many people are in their 'forvever' home.

[massnative71]

Originally Posted by msRB311

Well not everyone looks to move again. It depends on who moves into the house I guess. Many people are in their 'forvever' home.

Which is fine, but that of course limits the number of potential buyers or what they are willing to pay given the long term risk.

[newenglandgal123]

Originally Posted by msRB311

Well not everyone looks to move again. It depends on who moves into the house I guess. Many people are in their 'forvever' home.

Is there even such a thing as a forever home anymore? With the way companies lay people off, people voluntarily switching jobs every couple years and move, etc. it seems the only people who can truly say they have a forever home is those who paid cash and don't need to depend on a high paying job to support their housing.

[simplexsimon]

Originally Posted by newenglandgal123

Is there even such a thing as a forever home anymore? With the way companies lay people off, people voluntarily switching jobs every couple years and move, etc. it seems the only people who can truly say they have a forever home is those who paid cash and don't need to depend on a high paying job to support their housing.

If you survive the first 5-7 years of homeownership you’re probably safe unless your industry evaporates.