{"id":42,"date":"2008-11-01T17:40:21","date_gmt":"2008-11-01T22:40:21","guid":{"rendered":"http:\/\/www.luxbeat.com\/?p=42"},"modified":"2008-11-01T17:40:21","modified_gmt":"2008-11-01T22:40:21","slug":"luxury-condos-in-boston-good-or-bad-time-to-buy","status":"publish","type":"post","link":"https:\/\/www.luxbeat.com\/?p=42","title":{"rendered":"Luxury Condos In Boston &#8211; Good or Bad Time To Buy?"},"content":{"rendered":"<p>Over the recent months luxury condo owners in Boston are finally coming to the realization that even the high end market is not recession proof.\u00c2\u00a0 Although we are not technically in a recession(2 Straight Quarters of negative GDP), we are\u00c2\u00a0falling towards one very quickly.\u00c2\u00a0 Jumbo loans are very hard to come by and if you are able to find one, you could be paying upwards of 6.75%-7%.\u00c2\u00a0 A flood of condos have come on the market at the new <a title=\"Mandarin Boston Condos\" href=\"http:\/\/luxuryboston.com\/The-Mandarin-Oriental-Condos\">Mandarin Oriental<\/a>.\u00c2\u00a0 Not one re-sale, in the last 4 months has gone under agreement. We are also starting to see prices at <a title=\"Ritz-Carlton Condos Boston\" href=\"http:\/\/luxuryboston.com\/Ritz-Carlton-Condos\">The Ritz-Carlton Boston<\/a>\u00c2\u00a0come down as well. Units that were once $4,000,000+ are now 20%-30% off original asking. It is my professional opinion that the prices at new construction buildings like <a title=\"W Condos Boston\" href=\"http:\/\/luxuryboston.com\/W-Boston-Condos\">The Residences At The W<\/a>, <a title=\"The Clarendon Boston\" href=\"http:\/\/luxuryboston.com\/The-Clarendon-Condos\">The Clarendon<\/a>, Mandarin, The Bryant, and 45 Province will all need to re adjust their pricing in order to kick start slowing sales\u00c2\u00a0and battle the upcoming economy slowdown and the\u00c2\u00a0seasonal\u00c2\u00a0winter slowdown. If you are a cash buyer, now is an ideal time to be in the market for a <a title=\"Boston Luxury Condos\" href=\"http:\/\/www.luxuryboston.com\">luxury condo in Boston<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the recent months luxury condo owners in Boston are finally coming to the realization that even the high end market is not recession proof.\u00c2\u00a0 Although we are not technically in a recession(2 Straight Quarters of negative GDP), we are\u00c2\u00a0falling towards one very quickly.\u00c2\u00a0 Jumbo loans are very hard to come by and if you [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-42","post","type-post","status-publish","format-standard","hentry","category-boston-real-estate"],"_links":{"self":[{"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=\/wp\/v2\/posts\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42"}],"version-history":[{"count":0,"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=\/wp\/v2\/posts\/42\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.luxbeat.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}