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| Clients only: Register to receive daily
email updates of new listings and access to our MLS extranet.
Click here. |
| A
Realtor's View from Hubbert's Peak: The End of Cheap Oil and Cheap Money
(June 5, 2006) |
| The market has finally shifted in favor of buyers!
See Update: A Buyers' Market.(October
23, 2005) |
| War
and Property Inflation (April 7, 2005) |
| Why Home Prices
Are Going through the Roof: A Brief Guide to the "New Economy"
(January 13, 2003) |
| More Articles on the Housing Market:
A Word of Advice in a Real Estate Slump: Rent by David Leonhardt
(New York Times, April 11, 2007)
Crisis Looms in Mortgage Markets by Gretchen Morgenson, March
11, 2007.
Un-Real Estate by James
Grant, April 2005
Housing bubble in
New England (Dean Baker, Center for Economic and Policy
Studies, Jan. 5, 2003)
"These are perilous times for asset
markets ...." (Ian Campbell, UPI, Jan. 30, 2004)
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"House of Cards: US, UK Home Prices to Decline Dramatically in
Next Few Years."
See
The Economist's survey of May 29, 2003
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"Mortgage Markets Are Out of Control," New York Times, August
17, 2003
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| Co-buying: One
solution to the high cost of housing in the Valley?
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| Considering an adjustable rate mortgage? It may be
a risky proposition. See Homeowners Urged
Caution on Hybrid Loans
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| For the effects of skyrocketing home prices on
communities, see an article by Rebecca Solnit,
Hollow City (as computer money flows
into San Francisco, the quirkiness and creativity drain out). A
cautionary tale for Northampton and other Valley towns.
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Co-buying: One solution to the high cost of
housing in the Valley?
In the past year, EcoRealty has helped
(1) one small group purchase land to construct small-scale co-housing (four
houses) with common land for orchards and organic gardens and a
barn/workshop/guesthouse; (2) another group
purchase a three-unit multifamily with land for gardens that is not quite a
cooperative, but each party owns one unit and they share certain costs.
We are currently working with another small
group seeking to purchase a four-unit multifamily, as well as two friends who
wish to purchase a duplex together and to occupy separate units.
For buyers who cannot afford to purchase a
single-family house themselves, and who are open to co-owning property with
friends, it may be a cost-sharing solution. A kind of condominium with minimal
rules and payments and with friends as co-owners.
Individuals or groups who are interested may
contact Dave at (413) 259-9800, (877) 256-9800 (toll-free), or dave@ecorealty.org.
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