High condominium fees have become a liquidity headwind in many of these staffed buildings. The $3,000ish monthly fees on these units would support about a $700,000 mortgage. Think of it as a mortgage obligation that you don’t pay down, and your payment will likely increase over time. …
Month: June 2021
It’s hard to ignore the transportation infrastructure which, to our way of thinking, dominates the views of the front facing units. Additionally, we’d rather not hear the Orange Line or highway traffic whipping by our windows all night. …
We’ve previously commented on the underutilization of downtown condominiums. All one needs to do is walk down Commonwealth Avenue just after sunset and take note of all the dark units, often entire buildings. …
