Happy Birthday, Subprime Crisis!
Yes, it’s tough to imagine; just over 13 months ago the stock market hit record highs, and our current state of affairs was nothing but a twinkle in some very happy short-sellers’ eyes. But only a month after that, things were not looking so rosy, and a year later, well, you know the deal. And it’s all the inflated housing market’s fault, they say.
But in retrospect, it really hasn’t been that bad. In fact, it hasn’t been bad at all. I suppose a plateau could be inferred somewhere in that chart, and maybe the record inflation over the past few months outpaced it, but as far as I can tell, that’s the closest Beacon Hill came to any sort of decline.
Sure, we could all be sitting on a massive alt-a bomb, or be bracing for some EPIC FAIL from two of the largest financial entities in the world, but I think there are as many voices saying we already bottomed out as there are suggesting we’re about to go over the falls.
And on the off-chance that the doomsayers are right, Boston seems like a pretty safe barrel to ride in.
29-31 Brimmer St #2
Beacon Hill, MA 02108
2 beds, 2 baths
$1,453 sq. ft.
$1,095,000
80 Mount Vernon St #8
Beacon Hill, MA 02108
2 beds, 1 bath
704 sq. ft.
$849,000
48 Beacon St #1R
Beacon Hill, MA 02108
2 beds, 1.5 bath
1,448 sq. ft.
$778,000
An Open House Circuit for the Weekend
