Two months' free rent AND no application fee in new building in chic Fort Point.
Via Boston Reddit.
Earlier:
Supply and demand works with apartments.
Topics:
Free tagging:
Like the job UHub is doing? Consider a contribution. Thanks!
Ad:
Two months' free rent AND no application fee in new building in chic Fort Point.
Via Boston Reddit.
Earlier:
Supply and demand works with apartments.
Like the job UHub is doing? Consider a contribution. Thanks!
Ad:Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
Comments
I know!
By anon
Thu, 08/28/2014 - 1:21pm
I've heard the South End was so much better in the 70s and 80s before it was ruined by affluence.
It had Lowell Davidson.
By Chris Rich
Thu, 08/28/2014 - 4:10pm
What else did it need?
I for one, miss the mud lots,
By Lmo
Thu, 08/28/2014 - 2:35am
I for one, miss the mud lots, The Seaport and will miss Our Lady of Good Voyage.
Our Lady
By MattyC
Thu, 08/28/2014 - 1:02pm
Is only moving, not leaving. The build sat adjacent to an extremely valuable parcel, so the (the city and the developers) have agreed to relocate it to where I believe the parking for Thompson Reuters is now, or adjacent to that.
That said, it is sad to lose such a nice little church.
I know they are only
By Lmo
Thu, 08/28/2014 - 9:33pm
I know they are only relocating, but the new building won't have the same charm.
Application Fee?
By anon
Wed, 08/27/2014 - 12:01pm
I thought application fees for rentals was illegal in Massachusetts? My previous apt complex recently had to settle for charging one, was nice to get a check back
Same here
By penguin_berry
Wed, 08/27/2014 - 12:40pm
My previous apartment complex (Jefferson at Dedham Station) lost a class action related to their fees and we got a check in the mail a few months ago.
No application fee?
By M
Wed, 08/27/2014 - 12:02pm
Uh, there better not be. Those are illegal in Mass.
They seem pretty hard up for
By anon
Wed, 08/27/2014 - 12:41pm
They seem pretty hard up for tenants. Just last night @BostonTweet was sending out picture of the "amazing view" from one of the upper floors of the place.
Does that pool table come included in the rent?
pic.twitter.com/m6DIv356Hp
Does he do "sponsored" tweets
By Rob Not Verified
Wed, 08/27/2014 - 12:54pm
Does he do "sponsored" tweets?
Yes.
By adamg
Wed, 08/27/2014 - 1:51pm
Yes.
Ugh. I never realized that.
By Rob Not Verified
Wed, 08/27/2014 - 2:13pm
Ugh. I never realized that. I'm keep a closer eye out now.
Almost entirely
By Kaz
Wed, 08/27/2014 - 2:23pm
I was disillusioned very early.
I hope this place fails so hard
By thanksbrah
Wed, 08/27/2014 - 12:44pm
I would laugh and laugh and laugh
Nothing warms a masshole's
By Scratchie
Wed, 08/27/2014 - 1:31pm
Nothing warms a masshole's heart like seeing someone else fail.
That's been going on
By Chris Rich
Wed, 08/27/2014 - 1:39pm
..since Cotton Mather made a hash of the Salem Witch Trial and got caught pawing some maiden.
WaaaaaaaWaaaaa
By TDK
Wed, 08/27/2014 - 1:44pm
If you would stop commenting and get back to work maybe you could affford one of the $5k apartments.
Funny, some of us can both earn
By MC Slim JB
Wed, 08/27/2014 - 2:01pm
enough to afford those apartments and drop the occasional comment on Uhub at the same time. A few of us can walk and chew gum simultaneously, too. Welcome to the 21st century.
On a different level
By Belmont
Wed, 08/27/2014 - 2:58pm
I can't imagine paying 5K to rent an apartment let alone a mortgage.
I'll leave these expenditures for you and your "friends", which I'm sure are many.
This goes to my earlier question: who rents at these levels
By MC Slim JB
Wed, 08/27/2014 - 3:06pm
instead of buying? I suppose if you're a professional athlete at risk of being released, demoted or traded, it might make sense to lease by the year, but who would forgo the mortgage interest deduction if they could get it?
Are you serious?
By Boston_res
Wed, 08/27/2014 - 3:20pm
Any seriously rich guy with a mistress has to keep her somewhere.
Okay, so that's one good reason for an expensive
By MC Slim JB
Wed, 08/27/2014 - 4:10pm
rental: love nest. I'm guessing there's probably not enough of those (plus enough Celtics, Bruins, Patriots and Sox players) to sustain all of Boston's luxury rental market. What else have you got?
I'm am simply dumbfounded.
By Boston_res
Wed, 08/27/2014 - 10:56pm
Don't you realize the help simply can't stay in the same penthouse as its owners?
Buying is a hassle, if you
By anon
Wed, 08/27/2014 - 4:04pm
Buying is a hassle, if you recently moved here for a (well paying) job going through the process of getting a loan and bidding on houses might not be a priority. Also, unless you are staying at least 5 years you will probably lose money. People who make a lot of money don't want to waste it buying a place if they may move to a different city in a few years for a different job, move to a bigger place when they have kids, or just move because they will be making more. There are a ton of reasons people at all levels rent vs buy, its not just because some can't afford to buy.
Well
By bosguy22
Wed, 08/27/2014 - 4:13pm
Do you think it's cheaper to buy a luxury 2 bedroom penthouse within a 5 minute walk of downtown? What would it cost to buy a place at say the Intercontinental? What would the monthly mortgage/condo fee be? I'm guessing more than 5k a month.
I'm seeing Ft. Point condos of similar size and amenities
By MC Slim JB
Wed, 08/27/2014 - 4:32pm
to 315 A's $5.5K/month rentals going for around $1M. Even with steep HOA fees, you're still coming out way ahead by buying vs. renting, even if the property value stays flat. Unless you're having difficulty swinging the down payment or don't have the credit standing to get the mortgage, it strikes me as silly for a well-paid young professional to rent at that level.
I'm a well-paid young
By riggs not logged in
Wed, 08/27/2014 - 5:20pm
I'm a well-paid young professional who finds it silly to live the hell out in the sticks of Malden or Dedham or whatever is south of Savin Hill and either drive to work, ride a bike (ugh), or take the T (double ugh). I like having most everything I need—including my office—within a 10—15 minute walk, thanks. So maybe I can't afford to buy a place, so what? My quality of life is much improved by zero commute. And what am I going to do with the equity I theoretically build by owning? I'll be dead, and you can't take it with you.
The problem
By Sock_Puppet
Wed, 08/27/2014 - 9:09pm
Or so they tell me, is the period between the time you are a well-paid professional and the time you're dead.
Some people manage to spend quite some time in that condition. Some of them find not having to pay rent helpful.
Things to do with equity before you die:
By MC Slim JB
Thu, 08/28/2014 - 9:18am
Buy a vacation home, fund a kid's education, buy a boat, travel lavishly, donate to charity, save a boatload on your taxes.
Or flush money away on rent, fattening some other guy's retirement account. Your call.
Not that simple
By Matthew
Thu, 08/28/2014 - 11:05am
You put 10% or 20% down on a $1M condo, that's a lot of money that you can't use for something else.
You could probably get an 8% return on it just by sticking it in a mutual fund. By putting it down, you're passing that up.
That's not to say that buying isn't the right decision. It really depends on the specifics, though. Does the gain in equity long term and the mortgage interest tax deduction outweigh the other uses for that money? What's the price-to-rent ratio? If it's $1M vs $5,000 a month (x12), that's 16:1, which slightly favors renting according to some rules of thumb (if you believe them).
I think that in this case it comes down to a bunch of factors that you can't generalize about, details about the specific building, location, and preferences of the person buying/renting.
Way ahead?
By bosguy22
Thu, 08/28/2014 - 1:49pm
25 channel ctr #1105. 1400 sq ft 2br. slightly larger than the 2br at 315, but not by much. It's listed for $1.150 million. That's a $4,500/mo mortgage w/20% down. Add on over $900/month in condo fees, $850/month in taxes, and who knows what in insurance. That's around $6,500/month, a little less than 20% higher than 315 on A, and it requires you coming up with $230k as a down payment.
those who don't remember the 80's
By Hysterical
Wed, 08/27/2014 - 2:24pm
Section 8 is not too far behind.
Hundreds of thousands of
By Carty
Wed, 08/27/2014 - 8:53pm
Hundreds of thousands of people commute to downtown daily, is it really that baffling as to why some of them might want to live within 5 mins of where they work? All of us make trade-offs.
How about we a cut a deal with them?
By Will LaTulippe
Wed, 08/27/2014 - 11:05pm
You house the homeless in the vacant units, you get free water and electricity for your whole building.
Pages
Add comment