Allston Center’s watchful eye.

Hope you all enjoyed Bunker Hill Day in Boston today! Yeah, I know, political holiday. I worked today too. There was only thing good about Bunker Hill Day: Free Parking!
free parking
I would’ve completely forgotten to if it weren’t for Pat. The always pleasant and watchful security guard at the Bank of America in Allston Center. If you have ever run back to your car to see an extra 15 minutes in the meter and the meter maids have already passed you by - thank Pat. While your at it thank him for the day of free parking. Pat your the man!

Selling Real Estate is more than numbers.

lazy

Unlike the stock exchange where there are centralized locations for buyers and sellers to congregate. Real Estate transactions take place in many shapes and forms. Which often result in different price points for sales. From the MLS to word of mouth in a popular neighborhood. There are many ways for a real estate transaction to happen. This is known as an imperfect market and your real estate agent may be working against you in it.

Take this for what it is worth. I’m about to explain how sometimes your real estate agent can hurt you and its going to sound like a rant - because it is. Tomorrow I will be in Cambridge looking at multi-families with a good friend/client that’s in town from overseas. He’s a busy guy and we only have time to look on Sunday before he decides to buy something. I’ve been setting up the appointments all day today and 90% of the agents I’ve contacted have gotten back to me. The one that gets me the most (and he will go unnamed) is this one agent who only has one listing. He emails me back and says that he doesn’t work on Sundays. Sundays! The busiest day of the week for my profession. Plus he’s only got one listing. In this market, if i were in his position, I would meet anyone at anytime if they wanted to see my listing.

I feel bad for the seller he represents. Tomorrow night I will be writing an offer for a property we saw that day and it wont be his because he doesn’t work on Sundays!

This folks is an example of an imperfect market. This imperfection - a lazy real estate agent. Who actually is making it harder to sell his property.

Boston Single Family Stats for May 2009

Boston SF Stats May 2009

Here are the statistics for Single Family Homes in Boston, MA for May 2009. I plan to post charts on the Single Family, Condo & Multi Family markets in Boston at the beginning of every month with commentary on the comings and goings of our current market.

If I can get this down to a science. I will also include Brookline, Cambridge & Somerville as well.

Landlord Tips - Roof Decks

The Ultimate Roof Deck

I just came across this piece of information while talking to one of our Property Managers this morning here at NextGen Realty. Seems that Roof Decks within the City of Boston need to be inspected every 5 years by the ISD.

I never knew this but if you’re a property manager in the city or a landlord you may want to read this. It’s a quick 2 page read.

Roof Deck Inspections

Boston has its own Patriot Act - For Students.

Councilor Ross is at it again. Apparently he thinks last years law to limit undergraduate students to 4 bedroom apartments or less is not intrusive or discriminating enough. Now he wants the colleges to do his dirty work. Councilor Ross has proposed that the Universities in Boston should keep records of and track their students who live off campus.

It seems that the City Council President is a little miffed that the Inspectional Service Department (ISD) is having trouble enforcing his discriminatory law. The Boston Globe reports:

But the law has largely been flouted by students and landlords alike, and the city’s Inspectional Services Department has said that federal privacy laws hamper their ability to determine whether the occupants of overcrowded apartments are students.

I wonder if anyone mentioned this to Mr. Ross as he was drafting the law? It would be very easy for me to rant on about this subject but I would like to point out what someone on Boston.com had to say about this proposal.

How on earth are the colleges going to be expected to sort through which students in their database are subject to the law, since grad students aren’t subject to the new law?

On top of violating the student’s privacy and aiding and abetting a discriminatory law, the universities would then be responsible for figuring out what year and course of study the students are pursuing. Would a student in a 5 year BA/MA program be considered an undergrad, or a grad student? Would a first-year master’s student living with 4 undergrads break the law?

The law is stupid and should be stricken. If you don’t like off-campus housing, let the schools build dorms!

I would guarantee that most of the “problems”, beyond noise and littering, and some public drunkenness here and there, in A-B and Mission Hill is caused by the full-time residents. College students aren’t in gangs, they’re not roving bands of thieves and armed rapists, and most don’t have weapons, which constitute the bulk of the crime in those parts of the city.
by thisisdumb09 February 11, 3:36 PM

It looks like the universities in town agree with thisisdumb09 the Boston Globe reports a “cool” response from university officials who have more important things to do then act as big brother. Instead of dealing with this legal quagmire they would rather have a realistic chance at developing campus housing. Unfortunately neighborhood associations are fighting Boston College over expansion in Brighton, the same holds true for Harvard in Lower Allston, and Suffolk University on Beacon Hill.

Everyone wants college kids to stay on campus. Unfortunately when the campuses run out of available housing and need to expand the neighborhoods scream to the high heavens and foolish laws/proposals like this current one are the by-product. End this viscous circle. The next time Councilor Ross’ constituents complain about Northeastern or BU expanding he should remind them about the late night parties and overall outlandishness undergraduates are stereotyped with and suggest that this is a chance to get them back on campus.

Click Here for the original article by John C. Drake of the Boston Globe.

Click Here to register your opinion with Councilor Michael Ross.