How I Bought a Condo at 24 in One of the Most Expensive Real Estate Markets in the Country

Boston’s real estate market is hot. It slowed down for a while during the Great Recession, but has been booming for the last two years or so. In Cambridge, you can’t buy a condo today without paying over asking and making an all-cash offer. I’m sure this is due to many factors, but in my opinion the presence of strong universities (Harvard and MIT aren’t going anywhere) and a booming job market (in part fueled by all the university-induced start-ups) make it a pretty safe bet for a stable investment in what is otherwise an extremely risky and low-return investment landscape. Continue reading