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Why Boston can’t build ultra-luxury condos fast enough

 
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Richthofen



Joined: 02 Apr 2014
Posts: 68

PostPosted: Mon Feb 22, 2016 6:32 pm GMT    Post subject: Why Boston can’t build ultra-luxury condos fast enough Reply with quote

http://www.boston.com/real-estate/luxury-living/2016/02/22/why-boston-can-build-ultra-luxury-condos-fast-enough/qP2cBDvrplMxowWJkGDIFJ/story.html?p1=feature_sec_hp#sthash.Eh63bqej.dpbs

Oh yeah, this ends well, I'm sure of it Evil or Very Mad
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PostPosted: Mon Mar 07, 2016 9:30 pm GMT    Post subject: Reply with quote

I am too poor to understand the justification of buying these condos, as merely the condos' fee itself already like a mortgage.
Rent has been going up fast, even though not going up as fast as the home price. I am wondering if any of these condos' rent could cover the mortgage and condo fee and tax. If not, what is the price gap between the two. That will truly tell how big the bubble currently is.
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