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mattgm1995 t1_jdxaauv wrote

Reply to comment by [deleted] in Officially less homes for sale in Greater Boston than any other time during pandemic market craziness. by [deleted]

I don’t think the fact that I’m not willing to overextend and jeopardize my retirement savings is the issue… supply is the issue.

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[deleted] OP t1_jdxcxqe wrote

Even the old “boomer rule” of 28/36 resulted in spending a little over 3x household income on a home. So yes you’re thinking quite conservatively. Not a bad thing, but it’s not going to get you anywhere in today’s housing market. I don’t realistically see a path forward to increasing supply in Greater Boston.

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DrNostrand t1_jdzkos1 wrote

this is the way, make sure the home checks some boxes for when you go to sell "decent schools,close to commuter roads/rails, decent garage" and youll make your money back.

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UltravioletClearance t1_jdxy280 wrote

Out of everyone I know who bought a home in the past 30 years, almost all of them purchased more than they could afford according to dated "rules of thumb." The dirty little secret is you either need to be filthy rich or "house poor" to own in this state. It's been that way for many years.

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