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Downside of a boom…
Filed under: General, Rants, Real Estate — Norm December 13, 2005 6:32 am

As I was driving around Boston today I realized the true loss during a real estate boom.

It broke my heart to see. Every single scrap of land, every yard, every lot has been built on. Houses jammed into every corner. TINY little places in many cases. Next to train tracks, behind other houses…

It is going to hurt these communities in the long run.

People buying old homes that they can barely afford, not realizing the long term costs of maintaining an old home.

This is going to be an ugly end for some beautiful communities…

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