Rent vs. buy: the perennial question gets a new answer
May 2011 11

Only you can decide if it makes more sense to rent or buy.

The way I see it, if you’re settled on living in Boston for awhile, then you might want to own. Better to be your own landlord than pay someone else. Plus, you never know when your landlord might raise the rent. With a condo, you know what your “rent” will be, every month – your mortgage loan payment. Of course, expenses such as condo fees and property taxes are always at risk of rising.

David Leonhardt of the New York Times does an annual analysis of whether it’s better to rent or buy. His analysis is of limited use, of course, since he doesn’t know your personal situation.

As this year’s spring buying season nears its peak, the relative merits of renting and buying are closer than they have been since the housing bubble began inflating almost a decade ago. So the best single piece of advice for most people is to make a decision based mainly on their stage of life, rather than on any complex financial calculations.

If you think you are ready to settle in one place for at least five years, if not more, buying often makes a lot of sense. That’s why I bought my first house, in the Washington area, a few years ago, despite thinking local prices remained high.

Which is, of course, what I suggest.

Mr Leonhardt (whose name I get annoyed at typing every time since it always looks wrong) does a financial calculation for each major US city to determine rent vs. buy affordability.

What he found for “Boston” (meaning, presumably, the Greater Boston metropolitan area) is that the numbers show that it is “cheaper” to rent than to buy.

According to him, it’s been better to rent than buy since at least 2003. Before that, it was better to buy.

The question you have to ask yourself is, do you think the cost of housing will ever go back to the levels it was back when it was considered “cheap” to buy?

My guess is, no. Restrictions on housing construction in most cities and towns in Eastern Massachusetts mean that there will be limited new supply. If our population stays stagnant for the next decade or beyond, you’re not going to find much to choose from.

But, again, in the end, it’s a personal decision. We’ve seen some very attractive apartment complexes go up in downtown Boston over the past five years. If you can afford the rents, they are a viable option.

More: Rent or Buy, a Matter of Lifestyle, The New York Times

Boston condos sales trends, 2009 – 2011
May 2011 10

Two interesting chart; one showing number of condos on the market from December 2009 through May 2011 and the other showing under agreements from December 2009 through May 2011 and condo sales transactions from May 2009 through May 2011. Both include data from our local MLS for the Boston Proper neighborhoods including the South End, Back Bay, Beacon Hill, North End, West End, Waterfront, Chinatown, Bay Village, and The Fenway.

The on markets chart shows trends you might expect. In December 2009, only ~820 condos were listed for sale. Not many people list their properties for sale during the December holidays. Most people know by November whether or not they’re going to move by the end of the year.

As you can see, inventory started increasing in January 2010 until its apex during the last week of April and into May. Then, there was a big drop. Some of this is, fortunately, due to condos being purchased and the sales closing. The other reason for the drop-off is because most people don’t want to list their properties for sale over the summer. Most buyers and sellers want to have the summer to get settled into their new homes before school or new jobs start in the fall. Even though this isn’t as much an issue in the city, we still follow the same trends.

Inventory fell over the summer months. Surprisingly, and a bit shocking, was that inventory continued to fall in the fall. Usually there’s a small jump upwards in the fall. You can see from the chart that inventory leveled, but I’m surprised it didn’t go up at all.

Inventory levels fell throughout the rest of the year, hitting around 500 condos listed for sale on Christmas Day, 2010.

Inventory has gone up since then, but you can see we’re at levels well below what they were even last year at this time.

Buyers had over 1,300 condos from which to choose, last May. This year, they have under 1,000. And that’s overall. Many of the units listed for sale are either too expensive, too small, or too ugly for the typical buyer. Inventory levels are very low, right now.

Turning to the second chart, under agreements and solds are shown. I don’t have the data for under agreements going back past December 2009 but I do have sales.

As would be expected, the two follow each other, pretty closely. This is because condos go under agreement before they are sold. You’d expect to have more under agreements then sales because not all under agreements end up closing. Home inspections bring up issues, buyers can’t get financing at the last minute … and then the condos go back on the market and sometimes never sell.

If I analyze what happened last spring, it looks as though we had a big spike in buyer activity within a period of about four weeks in April and May – remember, this was when the federal tax credit program was about to expire. Sales of these condos were spread out over the summer, so there were more sales than under agreements.

People are looking to buy throughout the year and are looking to sell throughout the year. What we see from these charts is that springtime is the time when we have the most activity. Something to keep in mind.

Don’t buy a home without a buyer’s agent
May 2011 08

I figured that everyone used a buyer’s agent when buying a single-family or condominium home.

Turns out, that is far from true.

SmarterMoney.com, quoting the National Association of Realtors, says that just 57% of 2010 buyers had buyer representation, according to a 2010 report by the National Association of Realtors. That’s down from 62% in 2009 and 64% in 2006, before the housing bust.

A fair number of the remaining 43% probably bought direct, meaning they negotiated directly with the sales agent (if a resale) or the developer (if new development), but there were also many who went into the deal with no understanding of how the process works and how they are putting their best interests at risk.

When you go to an open house or call yourself to set up an appointment to see a home for sale, you’ll speak with the real estate agent who represents the seller. This agent wants you to pay as much as possible in order to get his/her client the most money possible.

You, on the other hand, want to pay as little as possible.

See the conflict?

When you are looking for a home, then, you should have your own representation. A buyer’s agent, whose allegiance is to you, and only you.

Now, the buyer’s agent is almost always paid from the proceeds of a home sale, so you can see that even here, there’s a conflict of interest. Your buyer’s agent is looking to consummate a deal.

The difference is, your buyer’s agent wants a deal to happen while the seller’s agent wants that deal done. Your buyer’s agent realizes that you aren’t going to love every home you see. So, it’s in his/her best interest to find you the perfect home, in order to get you to buy.

You want to buy a home. Your buyer’s agent wants you to buy a home. Your interests align.

If you’d like to know more about the pro’s and con’s of using a buyers agent versus no representation at all, please contact me.

Why live in Boston? How about to save money, and the environment?
May 2011 07

Why live in Boston? Why pay high prices for in-city living?

Well, how long do you want to be paying $4.00 for a gallon of gas? How long do you want to spend an hour and a half stuck in traffic getting to and from work? How long do you want to pollute the environment by driving your car and living in a huge home with a huge yard?

Karen Cord Taylor, who lives in Boston and founded the Back Bay Sun, Beacon Hill TImes, and Charlestown Patriot-Bridge, lays out the facts in a recent column.

Gas prices are exorbitant. Parts are scarce for Japanese-brand vehicles because of the earthquake and the tsunami, not to mention the nuclear plant problems. When they finally get produced, they’ll probably be more expensive. Auto insurance costs are increasing. Housing in downtown Boston is pricey.

What—me worry?

That’s the reaction of most residents of downtown Boston. It turns out that living downtown, despite high housing costs, may prove more of a bargain than you expected because you’re not wasting time and money on transportation.

Not only do you save lots of money by living in the city (even if you own a car, you’ll use it a lot less), but you’re reducing your impact on the environment.

Using the http://abogo.cnt.org website, she calculates that living in Boston saves by reducing the ‘carbon imprint’ we each create. And using http://walkscore.com, she sees that we live in a great city, where we can walk everywhere.

When you weigh the pros and cons, living in a city wins.

Back Bay Sunday Open Houses for May 8, 2011
May 2011 07

Back Bay open houses scheduled for Sunday, May 8, 2011.

Please contact me for complete information and to set up private showings for any of these fine homes.

MLS # Address Description List Price Time/Date
71216431 367 Beacon St 12 room, 5 bed, 4.5 bath Victorian $4,600,000 May 8 11:30 AM to 1:00 PM
71227350 336 Marlborough St U:5 1 room, 0 bed, 1 bath Townhouse $309,000 May 8 12:00 PM to 1:00 PM
71227573 80 Marlborough Street U:7 2 room, 0 bed, 1 bath Brownstone $357,500 May 8 1:30 PM to 3:00 PM
71226873 280 Beacon St U:2 5 room, 1 bed, 1 bath Mid-Rise $495,000 May 8 11:30 AM to 1:00 PM
71227065 160 Commonwealth Ave U:305 3 room, 1 bed, 1 bath Mid-Rise $549,000 May 8 11:00 AM to 1:00 PM
71227247 31 Massachusetts Avenue U:6-1 3 room, 1 bed, 1 bath Rowhouse $399,000 May 8 1:30 PM to 3:00 PM
71226248 396 Beacon Street U:7 2 room, 1 bed, 1 bath Rowhouse $405,000 May 8 1:00 PM to 2:00 PM
71223541 249 West Newton Street U:4 3 room, 1 bed, 1 bath Rowhouse $409,000 May 8 12:00 PM to 1:15 PM
71222991 216 Beacon St U:3 5 room, 3 bed, 2.5 bath Brownstone $1,299,000 May 8 1:00 PM to 3:00 PM
71221832 277 Beacon St U:3B 3 room, 1 bed, 1 bath Rowhouse $475,000 May 8 12:00 PM to 1:00 PM
71219244 298 commonwealth U:302 5 room, 2 bed, 1.5 bath Townhouse $949,000 May 8 2:00 PM to 3:00 PM
71216226 290 Commonwealth Ave U:15 3 room, 1 bed, 1 bath Mid-Rise $515,000 May 8 11:00 AM to 12:00 PM
71216895 285 Columbus Ave U:702 4 room, 2 bed, 2 bath Hi-Rise $799,000 May 8 12:00 PM to 1:00 PM
71216323 236 Beacon U:1C 2 room, 0 bed, 1 bath Attached $399,900 May 8 2:00 PM to 3:00 PM
71215374 271 Dartmouth St. U:4-G 3 room, 1 bed, 1 bath Mid-Rise $459,000 May 8 12:00 PM to 1:30 PM
71208914 285 Columbus Ave U:703 4 room, 2 bed, 2 bath Mid-Rise $849,900 May 8 12:00 PM to 1:00 PM
71207274 319 Commonwealth Ave U:40 5 room, 2 bed, 2 bath Brownstone $1,085,000 May 8 11:30 AM to 12:30 PM
71205345 159 Saint Botolph St U:4 3 room, 1 bed, 1 bath Rowhouse $649,000 May 8 12:00 PM to 1:30 PM
71202020 477 Beacon Street U:3 4 room, 2 bed, 1.5 bath Brownstone $639,000 May 8 1:00 PM to 2:00 PM
71201437 387 Marlborough U:3 2 room, 0 bed, 1 bath Brownstone $369,900 May 8 11:30 AM to 12:30 PM
71200603 1091 Boylston St U:59 3 room, 1 bed, 1 bath Low-Rise $325,000 May 8 12:00 PM to 1:00 PM
71199948 389 Beacon St U:1 3 room, 1 bed, 1 bath Brownstone $385,000 May 8 12:30 PM to 1:30 PM
71197444 160 Commonwealth Ave U:301 5 room, 2 bed, 2.5 bath Mid-Rise $899,000 May 8 11:00 AM to 1:00 PM
71194557 198 Marlborough Street U:0 5 room, 2 bed, 2 bath Brownstone $915,000 May 8 11:30 AM to 12:30 PM
71194885 256 Commonwealth Ave U:PH7 4 room, 2 bed, 2 bath Brownstone $1,162,000 May 8 11:30 AM to 12:30 PM
71194242 179 Marlborough Street U:1 3 room, 1 bed, 1 bath Rowhouse $395,000 May 8 11:30 AM to 1:00 PM
71194405 12 Stoneholm St U:315 3 room, 1 bed, 1 bath Mid-Rise $265,000 May 8 12:00 PM to 1:30 PM
71193526 362-366 Commonwealth Avenue U:3I 4 room, 2 bed, 2 bath Mid-Rise $549,000 May 8 1:00 PM to 2:00 PM
71184548 190 Beacon St U:2A 5 room, 2 bed, 2 bath Brownstone $1,499,000 May 8 1:30 PM to 2:30 PM
71179825 229 Beacon St U:4 7 room, 3 bed, 2.5 bath Brownstone $1,975,000 May 8 1:00 PM to 2:00 PM
71175752 135 Commonwealth Avenue U:4 4 room, 2 bed, 1.5 bath Rowhouse $1,299,000 May 8 1:00 PM to 2:00 PM
71138607 326 Dartmouth U:1R 3 room, 1 bed, 1 bath Brownstone $489,900 May 8 11:30 AM to 12:30 PM
71140423 412 Beacon St U:2 4 room, 2 bed, 2 bath Mid-Rise $724,900 May 8 11:30 AM to 12:30 PM
71174959 103 Beacon Street U:6 7 room, 3 bed, 3 bath Brownstone $1,525,000 May 8 12:00 PM to 1:30 PM
71214450 534 Beacon Street U:101 4 room, 2 bed, 1 bath Mid-Rise $424,000 May 8 11:30 AM to 12:30 PM
71117645 246 Marlborough Street U:3 2 room, 1 bed, 1 bath Brownstone $309,000 May 8 11:30 AM to 12:30 PM
71222288 465 Beacon St U:1 4 room, 1 bed, 1 bath Townhouse $599,000 May 8 1:00 PM to 2:00 PM
71186334 179 Commonwealth Avenue U:2 4 room, 2 bed, 1 bath Brownstone $625,000 May 8 1:30 PM to 2:30 PM
71064709 43 Commonwealth Avenue U:PH 5 room, 2 bed, 2 bath Brownstone $1,799,000 May 8 12:00 PM to 1:00 PM
71059793 45 Commonwealth Avenue U:3 8 room, 3 bed, 3.5 bath Brownstone $4,450,000 May 8 11:30 AM to 1:00 PM
71189322 373 marlborough st. U:1 6 room, 3 bed, 2.5 bath Townhouse $1,195,000 May 8 11:30 AM to 12:30 PM
71218679 371 Marlborough St U:4 3 room, 1 bed, 1 bath Rowhouse $474,000 May 8 12:00 PM to 1:00 PM

Above, a single-family home at 367 Beacon Street, Back Bay, Boston, Massachusetts, listed at $4,600,000 with Diane Davidson of Keller Williams Realty Boston.

30-year mortgage rate drops to 4.71% in latest national survey
May 2011 05

The average 30-year, fixed mortgage rate improved during the past week, down from 4.71% on a national basis to 4.78%, according to the Freddie Mac weekly survey of loan providers.

The 30-year fixed-rate mortgage (FRM) averaged 4.71 percent with an average 0.7 point for the week ending May 5, 2011, down from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.00 percent, so continued good news for buyers, rates are off by more than a quarter percentage point.

A $400,000, 30-year, fixed-rate mortgage at 4.71 percent would run you approximately $2,077 per month in loan repayments. This is $17 less per month when compared to last week and $70 in monthly savings compared to last year(!).

This week, 15-year fixed rate mortgages averaged 3.89 percent with an average 0.7 point, up from last week when it averaged 3.97 percent. A year ago at this time, the 15-year FRM averaged 4.36 percent.

Frank Nothaft, vice president and chief economist at Freddie Mac says, “Weaker economic data reports reduced Treasury bond yields and allowed mortgage rates to drift lower for the third consecutive week. For instance, real economic growth in the first quarter fell short of the market consensus forecast and represented the slowest pace since the second quarter of 2010. In addition, both the manufacturing and service sectors exhibited growth at a slower rate in April.

“Data reports on the housing market, on the other hand, were a little more uplifting. The National Association of Realtors® reported pending home sales rose in March for the second month in a row to the highest index reading since November 2010. Also, the Federal Reserve reported credit standards among commercial banks for prime mortgages were unchanged on net in the second quarter of the year, following two quarters of tightening.”

So, a weaker economy than first estimated led to lower mortgage loan rates. I suspect we’re going to see an improved economy during the next several months; mortgage rates could go higher.

Single-family home in South End is truly one of a kind
May 2011 05

A one of a kind home has been listed for sale in the South End.

Located on Taylor Street, it’s a single-family, wood-framed house, built circa 1856 (and renovated, since then.)

Yes, you heard that right.

One of only two known houses of its kind still in existence, it’s a standalone home located on a short, one-way street, in the center of the area that Boston magazine called the Best Place to Live, this past month.

From the MLSPIN listing (edited):

White wooden home. One of 2 wood houses remaining in the South End, this unique home’s park-like setting is breathtaking. Adjacent lot with landscaped gardens, blue-stone patio, shady cobblestone area and two car parking. Eat-in-kitchen wide pine floors, wood stove, Jacuzzi, custom closets & beautiful greenhouse complete this significant property. Country living in the city, surrounded by art galleries, best restaurants, theater & more. Truly a home to treasure.

It has approximately 2,000 square feet of space, the home has two bedrooms and two and ½-half baths and is listed at $2,350,000.

Please contact me for more information and to set up a private showing.

Above, 8-10 Taylor Street, South End, Boston, Massachusetts. S. Fulani Butler of Gibson Sotheby’s International Realty is the listing agent.

Boston condo sales prices up in first quarter
May 2011 02

It won’t come as news to anyone who visits this website on a regular basis, but the condo sales data is out for first quarter 2011 and it shows Boston Proper condo sales prices increasing when compared to first quarter 2010.

This data is from the Listing Information Network, Inc., LINK, which tracks all condo sales in 12 of Boston’s core neighborhoods including the South End, Back Bay, Beacon Hill, Fenway, Waterfront, North End, West End, and Chinatown.

Condo sales volume is off by more than 13 percent, according to LINK, while prices are up, ever so slightly, about 1.25 percent.

According to Deborah Taylor Blair, president of LINK, “despite slow sales, the city’s inner core is holding its value … [with prices] up by 30.78 percent compared to a median price of $575,000 during the first quarter of 2005, when housing prices around the state were at their peak.”

Available inventory has dropped by about as much as the sales, which means we don’t have a glut of properties, right now. This is especially true in the lower range (under $450,000) and in the mid-range ($500,000-$650,000).

More: Condo sales in downtown Boston fall while prices slowly rise – By Jenifer McKim, The Boston Globe

Above, 2 Clarendon Street #104, South End, Boston, Massachusetts, one of Warren Residential Group’s many fine homes currently listed for rent and sale. Please contact me for more information.

Back Bay Boston open houses for Sunday May 1 2011
Apr 2011 29

A complete list of all open houses scheduled on Sunday, May 1, 2011, in the Back Bay neighborhood of Boston.

Please contact me for details and to set up private showings.

MLS # Address Description List Price Time/Date
71216285 52 Bay State Road 9 room, 4 bed, 3.5 bath Other (See Remarks) $2,825,000 May 1 12:00 PM to 1:00 PM
71216431 367 Beacon St 12 room, 5 bed, 4.5 bath Victorian $4,600,000 May 1 11:30 AM to 1:30 PM
70997544 285 Columbus Avenue U:208 4 room, 2 bed, 2 bath Mid-Rise $874,000 May 1 1:30 PM to 2:30 PM
71059793 45 Commonwealth Avenue U:3 8 room, 3 bed, 3.5 bath Brownstone $4,450,000 May 1 12:00 PM to 1:30 PM
71059854 45 Commonwealth Avenue U:4 8 room, 3 bed, 3.5 bath Brownstone $4,475,000 May 1 12:00 PM to 1:30 PM
71096624 511 Beacon St U:9 2 room, 1 bed, 1 bath Townhouse $299,000 May 1 11:30 AM to 12:30 PM
71112207 86 Marlborough Street U:1 4 room, 2 bed, 2 bath Rowhouse $1,049,000 May 1 11:30 AM to 1:00 PM
71119241 259 Beacon U:32 3 room, 1 bed, 1 bath Low-Rise $399,900 Apr 30 1:00 PM to 2:00 PM
71124501 239 Commonwealth Ave U:53 4 room, 2 bed, 2 bath Mid-Rise $829,000 May 1 11:30 AM to 12:30 PM
71138607 326 Dartmouth U:1R 3 room, 1 bed, 1 bath Brownstone $489,900 May 1 12:00 PM to 1:30 PM
71140423 412 Beacon St U:2 4 room, 2 bed, 2 bath Mid-Rise $724,900 May 1 1:30 PM to 2:30 PM
71150278 236 Beacon St U:5C 4 room, 2 bed, 2 bath Mid-Rise $1,285,000 May 1 1:30 PM to 2:30 PM
71152863 17 Gloucester Street U:9 5 room, 2 bed, 2 bath Brownstone $1,499,000 May 1 12:00 PM to 1:00 PM
71159185 242 Beacon St U:3 4 room, 2 bed, 1.5 bath Brownstone $849,000 May 1 1:30 PM to 2:30 PM
71167362 235 Beacon U:8 2 room, 0 bed, 1 bath Brownstone $294,900 May 1 1:30 PM to 2:30 PM
71174959 103 Beacon Street U:6 7 room, 3 bed, 3 bath Brownstone $1,525,000 May 1 1:30 PM to 3:00 PM
71175752 135 Commonwealth Avenue U:4 4 room, 2 bed, 1.5 bath Rowhouse $1,299,000 May 1 2:15 PM to 3:15 PM
71176915 51 Commonwealth U:B 10 room, 4 bed, 4.5 bath Brownstone $4,950,000 May 1 12:00 PM to 1:00 PM
71179825 229 Beacon St U:4 7 room, 3 bed, 2.5 bath Brownstone $1,975,000 May 1 12:00 PM to 1:00 PM
71184227 28 Marlborough U:4 5 room, 1 bed, 1 bath Brownstone $879,000 May 1 12:00 PM to 1:00 PM
71184548 190 Beacon St U:2A 5 room, 2 bed, 2 bath Brownstone $1,499,000 May 1 12:30 PM to 1:30 PM
71186334 179 Commonwealth Avenue U:2 4 room, 2 bed, 1 bath Brownstone $625,000 May 1 11:30 AM to 1:00 PM
71189322 373 marlborough st. U:1 6 room, 3 bed, 2.5 bath Townhouse $1,195,000 May 1 1:30 PM to 2:30 PM
71193009 405 Commonwealth Ave. U:1 3 room, 1 bed, 1 bath Brownstone $389,234 May 1 1:00 PM to 3:00 PM
71193298 318 Commonwealth ave U:3 5 room, 2 bed, 1.5 bath Brownstone $1,050,000 May 1 12:00 PM to 1:00 PM
71193384 478 Beacon St U:4 4 room, 1 bed, 1 bath Low-Rise $489,000 May 1 11:30 AM to 12:30 PM
71193526 362-366 Commonwealth Avenue U:3I 4 room, 2 bed, 2 bath Mid-Rise $549,000 May 1 2:15 PM to 3:15 PM
71194405 12 Stoneholm St U:315 3 room, 1 bed, 1 bath Mid-Rise $265,000 May 1 12:00 PM to 1:30 PM
71194653 333 Commonwealth Avenue U:2 5 room, 2 bed, 2 bath Mid-Rise $870,000 May 1 2:30 PM to 3:30 PM
71197349 133-135 Marlborough St U:8 3 room, 1 bed, 1 bath Rowhouse $554,900 May 1 12:00 PM to 1:00 PM
71197428 90 Marlborough St U:1 4 room, 2 bed, 2 bath Brownstone $749,000 May 1 1:00 PM to 2:00 PM
71197444 160 Commonwealth Ave U:301 5 room, 2 bed, 2.5 bath Mid-Rise $899,000 May 1 12:15 PM to 1:15 PM
71198814 192 Marlborough Street U:1 5 room, 3 bed, 3.5 bath Townhouse $2,999,000 May 1 12:30 PM to 1:30 PM
71199948 389 Beacon St U:1 3 room, 1 bed, 1 bath Brownstone $385,000 May 1 11:30 AM to 12:30 PM
71199977 373 Marlborough St U:4 5 room, 2 bed, 2.5 bath Brownstone $1,198,000 May 1 2:30 PM to 4:00 PM
71200253 201 Newbury St U:307 4 room, 1 bed, 1 bath Mid-Rise $659,000 May 1 12:00 PM to 1:00 PM
71200378 271 Beacon St U:A 4 room, 2 bed, 1 bath Mid-Rise $459,000 May 1 11:00 AM to 12:30 PM
71200603 1091 Boylston St U:59 3 room, 1 bed, 1 bath Low-Rise $330,000 May 1 12:00 PM to 1:30 PM
71201350 50 Saint Stephen St U:9 5 room, 2 bed, 2 bath Brownstone $950,000 May 1 11:30 AM to 1:00 PM
71201427 236 Marlborough St U:2 5 room, 2 bed, 2 bath Brownstone $865,000 May 1 1:00 PM to 2:00 PM
71201437 387 Marlborough U:3 2 room, 0 bed, 1 bath Brownstone $369,900 May 1 12:00 PM to 1:30 PM
71201711 165 Beacon St U:3 2 room, 1 bed, 1.5 bath Brownstone $709,000 May 1 12:00 PM to 1:00 PM
71201864 73 Marlborough Street U:2-3-4 6 room, 2 bed, 3 bath Rowhouse $1,295,000 Apr 30 1:00 PM to 3:00 PM
71203399 393 Marlborough St U:2 2 room, 0 bed, 1 bath Brownstone $329,000 May 1 12:00 PM to 1:30 PM
71203410 327 Commonwealth Ave. U:PH5 5 room, 2 bed, 2 bath Townhouse $1,290,000 May 1 2:30 PM to 3:30 PM
71204094 133 Commonwealth U:1 4 room, 1 bed, 1 bath Brownstone $429,000 May 1 2:00 PM to 3:30 PM
71206431 416 Marlborough St U:702 4 room, 2 bed, 2 bath Mid-Rise $699,000 May 1 1:30 PM to 2:30 PM
71206560 63 St. Botolph Street U:3 7 room, 3 bed, 3 bath Brownstone $1,295,000 May 1 11:30 AM to 1:30 PM
71207274 319 Commonwealth Ave U:40 5 room, 2 bed, 2 bath Brownstone $1,085,000 May 1 2:30 PM to 3:30 PM
71207660 250 Commonwealth Avenue U:11 4 room, 1 bed, 1 bath Mid-Rise $579,000 May 1 1:00 PM to 2:00 PM
71209306 29 Marlborough St U:5 4 room, 2 bed, 2 bath Brownstone $1,160,000 May 1 2:00 PM to 3:30 PM
71211617 478 Beacon St U:6 3 room, 1 bed, 1 bath Low-Rise $489,000 May 1 11:30 AM to 12:30 PM
71211897 340 Commonwealth Ave U:3 5 room, 2 bed, 2 bath Rowhouse $930,000 May 1 11:30 AM to 12:30 PM
71211898 261 Marlborough St U:4 3 room, 1 bed, 1 bath Brownstone $399,000 May 1 11:30 AM to 12:30 PM
71212040 40 Isabella St U:2W 5 room, 2 bed, 2 bath Low-Rise $849,900 May 1 1:00 PM to 2:30 PM
71212053 186 Commonwealth Ave U:34 3 room, 1 bed, 1 bath Mid-Rise $430,000 May 1 1:30 PM to 2:30 PM
71214450 534 Beacon Street U:101 4 room, 2 bed, 1 bath Mid-Rise $424,000 May 1 11:30 AM to 12:30 PM
71215374 271 Dartmouth St. U:4-G 3 room, 1 bed, 1 bath Mid-Rise $459,000 May 1 12:00 PM to 1:30 PM
71216226 290 Commonwealth Ave U:15 3 room, 1 bed, 1 bath Mid-Rise $515,000 May 1 11:00 AM to 12:00 PM
71218077 35 Bay State Rd U:2R 2 room, 0 bed, 1 bath Rowhouse $285,000 May 1 12:00 PM to 1:30 PM
71218679 371 Marlborough St U:4 3 room, 1 bed, 1 bath Rowhouse $474,000 May 1 12:00 PM to 1:00 PM
71219011 193 Beacon St U:1 5 room, 3 bed, 2.5 bath Brownstone $1,295,000 May 1 11:00 AM to 3:00 PM
71219244 298 commonwealth U:302 5 room, 2 bed, 1.5 bath Townhouse $949,000 May 1 1:30 PM to 2:30 PM
71220250 135 Commonwealth Ave. U:1 2 room, 0 bed, 1 bath Rowhouse $299,000 May 1 1:30 PM to 3:00 PM
71221832 277 Beacon St U:3B 3 room, 1 bed, 1 bath Rowhouse $475,000 May 1 12:00 PM to 1:00 PM
71222021 349 Commonwealth Ave U:1B 4 room, 1 bed, 1.5 bath Brownstone $680,000 May 1 12:00 PM to 1:30 PM
71222379 45 Saint Botolph Street U:203 4 room, 2 bed, 1 bath Mid-Rise $535,000 May 1 1:00 PM to 2:30 PM
71222991 216 Beacon St U:3 5 room, 3 bed, 2.5 bath Brownstone $1,299,000 May 1 1:00 PM to 3:00 PM
71222991 216 Beacon St U:3 5 room, 3 bed, 2.5 bath Brownstone $1,299,000 May 1 1:00 PM to 3:00 PM
71223288 449 Beacon U:5 4 room, 1 bed, 1 bath Rowhouse $399,000 May 1 1:00 PM to 2:00 PM
71223364 351 Marlborough St U:1 3 room, 1 bed, 1 bath Rowhouse $459,000 May 1 1:00 PM to 2:30 PM
71223541 249 West Newton Street U:4 3 room, 1 bed, 1 bath Rowhouse $409,000 May 1 1:15 PM to 2:15 PM
71223996 566 Commonwealth Ave U:802 5 room, 2 bed, 2 bath Hi-Rise $479,000 May 1 1:30 PM to 2:30 PM

Above, 86 Marlborough Street #1, Back Bay, Boston, Massachusetts. Rob Kilgore of Coldwell Banker Residential Brokerage is the listing agent.

The War of the Roses, New York City version
Apr 2011 28

The War of the Roses is a 1989 film starring Michael Douglas and Kathleen Turner. In it, a once-loving couple turn into mortal (literally) enemies.

A similar story is being played out in New York City.

The New York Daily News ran an article about a couple who once lived in holy matrimony in a Brooklyn brownstone. Eventually, they had irreconcilable differences. But, instead of getting a divorce and selling their property, they used Sheetrock to split the house in two and both continued to live there.

Since 2007, it’s been estimated that, combined, they have spent more on attorneys and litigation than the house is actually worth.

After visiting “civil court, family court, housing court, bankruptcy court and appellate court”, a Brooklyn Supreme Court judge has decided enough is enough and is forcing them to sell the property in order to satisfy outstanding debts and, hopefully, put an end to the entire episode.

Or, not.

While Chana was angry with the ruling and vowed that it would not be final, Simon, who owns three other Brooklyn buildings, was “very happy” with the decision., according to The Real Deal.

There’s a moral here. Actually, probably more than one.

More: “War of the Roses”over as sweater-mogul Simon Taub, wife Chana finalize epic, nasty divorce – New York Daily News

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