Thursday, September 29, 2005

The start of the pop?

Three harbingers:
1) A friend of a friend recently bought a condo in Boston that listed for $500K for about $420K
2) I just got an email from a real estate broker that's looking to go to business school
3) An appartment very similar to mine is going for $500K, which is really close to the 20x multiplier between rents and prices.

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