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balor123
Joined: 08 Mar 2008
Posts: 1204
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 Posted: Thu Jun 03, 2010 1:13 am GMT Post subject: 10 Best Cities for the Next Decade |
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10 Best Cities for the Next Decade
Boston doesn't make the list. Doesn't mean that Boston is dieing just that it isn't a high growth city anymore, which is required for appreciating real estate. Of course, everyone makes these lists and they are always different (though Austin frequently appears in almost all those lists). |
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admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
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| Posted: Thu Jun 03, 2010 1:18 am GMT Post subject: |
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I see Burlington, VT made the cut. That should make Boston ITer happy, if I remember correctly. I'm actually planning to visit Burlington shortly and am looking forward to it.
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john p
Joined: 10 Mar 2006
Posts: 1820
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| Posted: Thu Jun 03, 2010 7:59 pm GMT Post subject: |
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| If you get a chance to go a bit further north to North and South Hero Island it will be worth it. I will be up there at the end of the Summer. |
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Boston ITer
Joined: 11 Jan 2010
Posts: 269
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| Posted: Thu Jun 03, 2010 9:22 pm GMT Post subject: |
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| Quote: | | I see Burlington, VT made the cut. That should make Boston ITer happy |
Well, it does and then at the same time, it doesn't. The region is only able to sustain a college town population base (& a little more) and it does so, in a manner consistent with a productive economy, as oppose to having everyone at either a casino (Vegas) or a hedge fund (Southern CT or Hamptons NY). With that in mind, northern VT has a built in bottom to a true bear market in a US economy, where a majority of the white collar work ends up in east Asia. During the decline in the years ahead, I expect to see all areas suffering with the exception of the energy belt of TX. |
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CL
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balor123
Joined: 08 Mar 2008
Posts: 1204
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| Posted: Fri Jun 04, 2010 3:14 pm GMT Post subject: |
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| I think these lists are compiled on a number of factors, with real estate prices being only one of them. One of the biggest factors I think is growth, a big problem for Boston since the state is shrinking or standing still. People prosper in areas that are growing. Boston was great in the 80s and 90s, for example, because there was a lot of growth during that time but poor in the oughts, despite the fact that we still have a large amount of business here. Other factors, which sites like Trulia miss, include the quality of housing which you can get. We may be middle of the pack with price/rent ratio but a middle of the pack property here is still very small and old. We may have some of the best schools in the country but they are inaccessible to the middle class. |
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CC
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| Posted: Fri Jun 04, 2010 4:21 pm GMT Post subject: |
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| balor123 wrote: | | We may be middle of the pack with price/rent ratio but a middle of the pack property here is still very small and old. |
That's so true! When I came to Boston first time, I was shocked that most apartments are not only so small and expensive, but also very bad maintained . |
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balor123
Joined: 08 Mar 2008
Posts: 1204
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| Posted: Sat Jun 05, 2010 9:19 pm GMT Post subject: |
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| You don't seem to be a native English speaker. Just out of curiosity, where are you from and can you tell us about the housing market there? |
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