Has the Market Crash Ended the Renter’s Dilemma?

4923832_150e339c2f.jpgSo what does 700 billion dollars buy you these days? Certainly not a whole lot of confidence in the stock market. Fortunately, I’m sure The Decider and his cohort have a similarly foolproof Plan B to head off the continuing financial debacle.

Not that you need any more good news, but historically speaking, big recessions tend to start in autumn months…

But hey, the good news? Heating oil should be cheap this winter, and thanks to a few measures cleverly tacked onto the aforementioned bailout bill, winter ’round these parts should be getting significantly less chilly in the coming years. It’s also worth noting that from Great Depression to the recession of the late 80′s stock market crashes have been phenomenal killers of housing bubbles.

Probably not the news you want to hear if you own a home; definitely not the news you want to hear if you’re trying to sell a home; but potentially excellent news if you’ve been on the sidelines, attempting to rent your way past the bubble. For you, oh champion of risk aversion, it might just be time to cash out that long-moldering CD and crack open a bottle of Clicqout.

Some fresh meat that picked a bad day to go onto the market:

205 Richdale Ave #A21
Cambridge, MA 02140

2 beds, 2 baths
1,097 sq. ft.
$437,000

400 Broadway #2
Somerville, MA 02145

1 beds, 1 bath
640 sq. ft.
$265,000

3 W Cedar St #2
Beacon Hill, MA 02114

2 beds, 1 bath
740 sq. ft.
$539,900

“…at least I have my good appliances.”

Boston Sweet Digs Home