Boston and Massachusetts in are great places to live, raise children, and retire. The state has it’s setbacks like every other, but real estate in Boston have changed dramatically since the recession. Condos, lofts, and even skyscrapers are now available for about half of what they were a few months ago. For example, the John Hancock Tower was bought in March for about $660 million at a foreclosure auction in New York City. That is half of what it was sold for 2006.
These recessions are when investors and money becomes more money. The original owners of these places are taking huge hits to their credit and assets and allowing other people to capitalize. This is also true for the Boston residential market. It has always been a dream of mine to own a luxury apartment in Boston and I think now is the time to jump on it. Bushari Group Real Estate is a great resource for the city as well as the best deals in town.