To buy, or not to buy.
I live in Quincy, Massachusetts. Currently my fiance and I rent an apartment, and have a great deal. We live in a quiet spot at the end of a dead end street, at the top of a hill. Parking is not a problem, we have plenty of space, storage, a garage spot, and even no utilities except for electricity. It is truly a great deal. Nevertheless, we are feeling the itch of home ownership.
For us, the most likely candidate is a condo. We're not able to afford a single family home, and don't have the time to maintain it. What luck, Quincy is currently teeming with condominiums! Off the top of my head, I can think of four recently completed large size multi-unit condominium buildings:
* Ten Faxon Place in downtown Quincy
* Granite Lofts on Hancock Street in North Quincy
* President's Place near the Southern Artery
* The Excelsior Highpoint with awesome views of the Boston skyline
On top of that, there are more in the works:
* St. Catherine's Church on Beale Street in Wollaston is being converted to condos.
* There is new construction in Neponset Circle that looks an awful lot like condos, and a project is listed on the Quincy 2000 website in that area. (The new park over near Dorchester looks awesome by the way! Who would have thought that the Neponset River, once a dumping ground for Whitey Bulger and The Rifleman Flemmi could look so nice!)
And those are all in ADDITION to the existing condos all over Quincy: Garfield House, Mellen Bray (where the dominatrix who dismembered and illegally disposed of a body that made Quincy famous lived, but was ultimately acquited), the dozen or so high-rises in North Quincy, and other dozen or so luxury condos in Marina Bay.
A member in my Business Networking International (BNI) Club from Assist2Sell Realty put it this way: right now its a "waiters" market - she said there are almost 300 condos on the market right now in Quincy alone, so there is absolutely no need to rush. (Realtor.com actually lists 302!) And that's how my fiance and I feel about it, we're in a great negotiating position because we're in no rush. Seeing how we're to get married in less than a month, we've got enough to think about. Nevertheless, its fun to write about whether its a good idea or not, and believe it or not we're having fun doing our homework on real estate, researching every angle.
The City of Quincy has provided web access to the assessors database up to 2005, so I've perused the entries. During the last couple of decades there were some significant swings in the prices of condominiums, both UP and DOWN. That makes us a little wary to say the least. When we try and rationalize it, we try and think of it less as an investment and more of a lifestyle change, but then we realize again that where we live today is actually pretty nice, and a good investment to boot!
My guess is that the next six months will be very telling when it comes to real estate prices, our financial situation, and how we feel about homeownership once we're officially married. We still have to figure out how we're going to balance each other's careers! Fun, fun, and more fun.
Whatever happens, I've really enjoyed living in Quincy and hope to continue to do so. Only time will tell...
For us, the most likely candidate is a condo. We're not able to afford a single family home, and don't have the time to maintain it. What luck, Quincy is currently teeming with condominiums! Off the top of my head, I can think of four recently completed large size multi-unit condominium buildings:
* Ten Faxon Place in downtown Quincy
* Granite Lofts on Hancock Street in North Quincy
* President's Place near the Southern Artery
* The Excelsior Highpoint with awesome views of the Boston skyline
On top of that, there are more in the works:
* St. Catherine's Church on Beale Street in Wollaston is being converted to condos.
* There is new construction in Neponset Circle that looks an awful lot like condos, and a project is listed on the Quincy 2000 website in that area. (The new park over near Dorchester looks awesome by the way! Who would have thought that the Neponset River, once a dumping ground for Whitey Bulger and The Rifleman Flemmi could look so nice!)
And those are all in ADDITION to the existing condos all over Quincy: Garfield House, Mellen Bray (where the dominatrix who dismembered and illegally disposed of a body that made Quincy famous lived, but was ultimately acquited), the dozen or so high-rises in North Quincy, and other dozen or so luxury condos in Marina Bay.
A member in my Business Networking International (BNI) Club from Assist2Sell Realty put it this way: right now its a "waiters" market - she said there are almost 300 condos on the market right now in Quincy alone, so there is absolutely no need to rush. (Realtor.com actually lists 302!) And that's how my fiance and I feel about it, we're in a great negotiating position because we're in no rush. Seeing how we're to get married in less than a month, we've got enough to think about. Nevertheless, its fun to write about whether its a good idea or not, and believe it or not we're having fun doing our homework on real estate, researching every angle.
The City of Quincy has provided web access to the assessors database up to 2005, so I've perused the entries. During the last couple of decades there were some significant swings in the prices of condominiums, both UP and DOWN. That makes us a little wary to say the least. When we try and rationalize it, we try and think of it less as an investment and more of a lifestyle change, but then we realize again that where we live today is actually pretty nice, and a good investment to boot!
My guess is that the next six months will be very telling when it comes to real estate prices, our financial situation, and how we feel about homeownership once we're officially married. We still have to figure out how we're going to balance each other's careers! Fun, fun, and more fun.
Whatever happens, I've really enjoyed living in Quincy and hope to continue to do so. Only time will tell...
posted by instoremarketer at
3:07 PM
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