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Report rates Boston most expensive city

doh! now i know where all my money goes. in miami i could buy 4 powermacs a year for what i save compared to boston. how much is it in atlanta?
 
Abstract said:
You know....while Boston may be the most expensive city in the US to live, their salary may reflect the cost of living.
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THe inflation and speculation costs tend to outstrip expenses as it does everywhere else. It helps that I purchased my house in 1987.
 
puckhead193 said:
i'm surprised NY isn't no 1
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You're thinking of Manhattan, not New York City as a whole. While the median price of a condo in Manhattan is now over $1 Million, the price of housing in the Bronx, Brooklyn, Queens, and Staten Island is much lower.

Then again, Boston also has Southie and Roxbury. But I guess the ratio of expensive areas to cheaper areas is much higher in Boston.
 
wdlove said:
Very interesting. A distinction without distinction.

http://www.boston.com/news/local/massachusetts/articles/2005/09/08/report_rates_boston_most_expensive_city/

Money required to cover basic needs of family of Four

Boston $64,656
Washington DC $61,440
New York City $58,656
San Francisco $57,624
Minneapolis $54,948
Denver $47,520
Raleigh $44.124
Chicago $43,704
Austin $43,584
Miami $43,452
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Can't believe that Raleigh beats out Chicago and Miami.

Had to chuckle over this statement:

The federal government recommends that families spend no more than a third of their income on housing.
Not many safe, decent places for under $1700 in this area any more.

Really would like to see the actual methods used i this study.
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It looks like they're only looking at housing costs.

By the way, the stats for DC are always skewed because the professionals with families mostly live in the suburbs outside the city. My own list would be New York, Boston, San Fran, DC.
 
Once again I'm proud to be from Boston


. . .. wait a minute ...





This summer while I was there I saw the explosion of condos. They're EVERYWHERE now; people are trying to make condos out of the dumpiest joints. I wonder how long it'll last before it collapses ...
 
Boston !

Not on point - I know, but my favorite Boston story:

On January 15, 1919 Boston was preparing for prohibition by stock piling mollasses to make booze with.

A molasses tank exploded, flooding the streets with a huge wave of molasses. It killed 21 people, crumpled the steel support of an elevated train, and knocked over a fire station.

For years - on warm days - mollasses would bubble up from the street.
 
ibook30 said:
Not on point - I know, but my favorite Boston story:

On January 15, 1919 Boston was preparing for prohibition by stock piling molasses to make booze with.

A molasses tank exploded, flooding the streets with a huge wave of molasses. It killed 21 people, crumpled the steel support of an elevated train, and knocked over a fire station.

For years - on warm days - molasses would bubble up from the street.
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Thank you, yes, that is a great historical story.

I'm proud to be from Boston also.

I think that it's important to be happy where ever you live, all in the perspective.
 
I still love Massachusetts, regardless of how expensive it is to live here.

Condos are going up everywhere - even out her past 495 (I'm in Worcester) condos are selling for upwards of $350K!!

Just an example on the inflation of the housing market here in the state. Our family house was purchased for $68,000 in 1993; now has a retail value of $440,000 (although, the property does have two additional subplots on which houses/condos could be built). Also, our home on Cape Cod (pretty small, 3 bedroom, 1 bath ranch, built in the late 1950s) is appraised at $400,000!! Small house, small lot, but prime location - less then a mile from the beaches.

It's not uncommon to see homes here in the city to retail for over $500,000 - in fact, that's the norm for the majority of new developments.
 
The Charles Street Jail is being torn down? made into a hotel, of all things. I would've thought condos :rolleyes:

I so want a house on the Cape, but that's not gonna happen :( Eastham or Truro would be nice ......
 
5300cs said:
The Charles Street Jail is being torn down? made into a hotel, of all things. I would've thought condos :rolleyes:

I so want a house on the Cape, but that's not gonna happen :( Eastham or Truro would be nice ......
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We're in South Yarmouth. Nice area, but getting a little busy with RT 28 and all...
 
Finally an excuse for those times when I look in my wallet and can't figure out why I'm broke. Now I want to know how much the gf is actually costing me, or maybe I don't.
 
5300cs said:
Once again I'm proud to be from Boston


. . .. wait a minute ...





This summer while I was there I saw the explosion of condos. They're EVERYWHERE now; people are trying to make condos out of the dumpiest joints. I wonder how long it'll last before it collapses ...
Click to expand...

They're down here too. My once down-to-earth neighborhood is now being condofied, yuppiefied, gentrified, whatever; it's really starting to piss me off.
 
I go by the old Charles Street Jail once a week. Looking forward to seeing the finished product.
 
wdlove said:
I go by the old Charles Street Jail once a week. Looking forward to seeing the finished product.
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I went by it a few times when I was there this summer. I wish I could've gone in; I wanted to take pictures. I love old buildings, and the Jail is one of the older ones in Boston. Walking around the site, I could see inside some of the windows and see the cell blocks and actual cell doors. They wouldn't have let me in though :(

The back half is used by the Yawkee Outpatient Care Center.

and Buzzy's Roast Beef is gone :( a cop told me they moved somewhere
 
well, greenspan said the real estate bubble will burst. and some investment bank rated boston as the most endangered place in the us for a collapse. depending on which side you are this is good news or bad news.

another point: with the gas prices going up commuting becomes more expensive. this makes living outside big cities more expensive and therefore keeps house prices in the cities up.
 
Not just Boston MA's coast is just horrible to live on for price.

My parents went looking at condos just about a mile from our current house and the cheapest one was 800 grand, the most expensive was like 1.5mil+
 
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