bostonbubble.com

[Trademark seven]

Boston and country wide has seen massive development of apartment complexes, and high end condo complexes. Many are not fully sold or rented. The truth may soon be revelaed that these were bad investments made in good times. I have heard that the lawsuits are beginning. Careful of what you invest in.

[admin]

Do you know of any specific examples of this in Boston? How verifiable is this? I would expect that newly built complexes with all individual units intended to be sold as condos would be the easiest to verify since one of us could pay a visit to the Registry of Deeds and look up which units have been sold and when. Rentals vacancies may not be as easy to track - any ideas there?

- admin

[unreal estate]

Probably need to know grantor or grantee's name as i believe this is how it is indexed with registry, property address may not work although one could call town assessor and probably get current owner name.

investment in multi-family seems to be geared towards converting to condos as many multi-fams i have come across have asking prices totaling a monthly mtg payment (just P&I) a bit more than what the existing rents in those very units are bringing in. are rents going soft?