Given the continuing decline in circulation maybe it is not a bad move.
"Condo sales climb in Boston; Median price drops slightly; luxury market fares even better" by Jenifer B. McKim Globe Staff / November 2, 2011
Home sales in Boston’s downtown condominium market rose by more than 22 percent in the third quarter as home buyers gained confidence in the city’s core residential areas, according to data released yesterday....
Home values dropping is a good thing, huh?
The luxury market - units that feature extras such as valet and concierge services - performed even better....
Related:
"Statistically, the recession ended in June 2009, but it’s been a tough slog since for nearly everybody. One exception: The number of people earning $1 million a year or more increased in 2010 by nearly 20 percent, the government reported last week."
Also see: Renting a Room in Boston
Post-recession, pay kept falling
Then it WAS NEVER REALLY a RECOVERY for EVERYONE ELSE, was it?
Larry Rideout, chief executive of Gibson Sotheby’s International Realty based in Boston, said his company is among those selling more high-end homes, which, in turn, will help the broader market by expanding inventory as buyers sell their first homes and move to more expensive living quarters....
Yes, there isn't a foreclosure crisis, there isn't an unemployment crisis, there isn't a homeless crisis.
Yeah, there is SOMETHING TRICKLING DOWN on your head, Americans.
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