Boston’s Classification At Crossroads
The business tax ceiling should be reduced to 175% in FY08
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Condo prices in the city leap 7%
Downtown outshines suburbs in 1st quarter 
Reprint from The Boston Globe, April 14, 2007
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By
Kimberly Blanton ,
GLOBE STAFF
Downtown Boston’s condominium market continues to outshine the suburban housing sector.
Prices for condominiums in the city jumped 7 percent in the first quarter of this year, compared to the same period in 2006, to a median $489,000, according to preliminary market figures complied by Otis & Ahearn, a Boston real estate brokerage and marketing firm. In contrast, prices for single-family homes in Massachusetts fell 5.7 percent in the same period, according to Global Insight, a Waltham economic and consulting firm.
The downtown condo market “is cooking” said Kevin Ahearn, Otis & Ahearn’s president. “There’s very aggressive buying” in all price ranges, he said.
Sales figures, though preliminary, also indicate a good quarter. In the first quarter, 760 condo sales have been posted to date, for a total of $512 million. That compares to 759 sales in the first quarter of 2006, for a total of $446 million. Here, home sales compare more favorably: The number of single-family properties sold so far this year is up some, according to the most recent available data.
But Ahearn predicted that when the final condo sales are in, the recent quarter’s performance may even surpass the first-quarter record set in 2005: 784 units sold.
Indeed, Jon Goode, office manager for Coldwell Banker Residential Brokerage’s office in the South End, said his office’s sales are exceeding last year’s pace “by a good amount”. He attributed that to a combination of fewer condo projects coming on the market, which will keep supplies limited and slightly softer prices, which have sparked new interest among buyers.
“The market’s feeling very strong” Goode said. “We’re pleasantly surprised at the health of the marketplace.”
Ahearn based his tallies on sales posted to date at Listing Information Network, Inc., or Link, which tracks downtown sales and the Multiple Listing Service Property Information Network, the central database for real estate agents. Ahearn said first-quarter data are not yet final, because some listings reported in the state’s registries may not yet be recorded by Link and MLS.
Ahearn said the strong gains indicate that condos in all price ranges are selling well. He has also said that a strong stock market early this year drove sales by professionals working in Boston’s financial sector.
Driving prices “are big increases over a broad number of units and great activity at the very top of the market,” he said.
Kimberly Blanton can be reached at Blanton@globe.com
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Are you REALLY ready to start your condo search?
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by Richard Drinkwater
Here’s some tips that can save you time and eliminate disappointment.
Often buyers visit open houses or tour properties with a real estate agent intrigued by the property photos they’ve seen online or in a newspaper. They think they can afford it, but can they really?
With the tightening of the mortgage market, lenders have become much more careful about the borrower’s ability to pay the monthly mortgage. Gone are the days of “Sure you can afford it - it’s only going to go up” and “We’re happy to lend you the money!”. In the reality of today’s marketplace, lenders are much more diligent about how they lend and to whom.
With this in mind, tip # 1 is:
SPEAK WITH A MORTGAGE BROKER OR A REPUTABLE LENDER before staring your search to learn, based on your personal financial dynamics, exactly what you can afford. Armed with this information, you’ll not waste your time looking at properties you’ll never be able to buy.
Tip number #2 is:
GET A PRE-APPROVAL LETTER for the amount your lender says you can afford. Remember, there’s a big difference between a Pre-qualification letter and a Pre-approval letter. Pre-qualification means that you’ve spoken with a lender and they feel that because you’re still breathing and are employed you should have no problem qualifying for a loan. Pre-approval means that you have actually taken the time to apply for a mortgage with a lender and that lender has agreed to lend you a certain amount of money provided specific conditions are met. Like, you still have to be alive at the closing, still employed and there can be no significant changes in your credit since you were Pre-approved. There may be more contingencies to the lender giving you the loan but you get the point.
Tip #3 is:
KNOW WHERE YOU STAND. Knowledge equals power. Knowing how much of a loan you can get and having the Pre-approval arrow in your quiver, you are now in a position to know in what price range you can search for your home. That knowledge helps your Broker help you find the right property and puts you in the position of being able to tell a Seller “Yes, I can get the money for this property!” It also eliminates the frustration of falling in love with a property only to discover there’s no way you can get a mortgage to buy it.
When it comes to searching for property, having a Pre-approval letter is critical. In other words, don’t leave home without one!
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Is the Real Estate Market in Bubble Trouble?
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by Kendra Todd promo.realestate.yahoo.com
You can't go anywhere without hearing people
talk about "the
real estate bubble." Such talk drives me to distraction, and
I'll tell you why. It's because there is no real estate bubble.
Bubbles are for bathtubs.
Despite a thousand articles in Sunday newspaper
real estate sections, the bubble is a myth. The real estate markets
in many areas are going through a normal correction cycle. I'm
going to tell you how to recognize the signs of a correction in
your market, how you can avoid getting sucked into "bubble trouble" and
how you can even benefit from the current environment.
Pop Goes the Market?
A bubble is a market in which the value of the key asset is inflated
based on speculation and psychology. Because of this, true bubble
markets can burst overnight when something happens to shatter the
perception of value. That's why the Internet boom of the late 1990s
was a true bubble; people suddenly realized that ninety percent of
the dotcoms were companies with no way to make money. Talking about
a bubble implies a sudden burst, and real estate does not work that
way. You don't go to sleep one night with your house worth half a
million dollars and wake up to find it's lost half its value. Also,
the real estate market is a regional phenomenon based on all kinds
of factors: migration to or from an area, job growth and local economies.
So while there is no bubble, there are areas in the U.S. that are
experiencing corrections that will continue over the next six to
24 months. There are also markets that will appreciate over that
same period. The trick is keeping your cool and taking advantage
of the opportunities.
A Bubble is a Matter of Perception
Take the Southern California real estate market. It's reached a
median price of well over half a million dollars after three years
of 30, 40, and 50 percent appreciation. That's unsustainable. There
are not enough people with the income to keep buying homes in that
market now that the Federal Reserve has raised interest rates. Before,
buyers could slip into a $500,000 home with a 5.25% mortgage, but
the cost of money has gone up, so those people can't buy.
The result? The L.A. metro market is coming
back to a more realistic level where homes appreciate more slowly
and sell for less. This is where perception comes in. If you haven't
gotten the memo that the market is changing, this will appear like
a reason for panic. If you're still thinking you can buy a house,
hold it for a year and "flip" it for a 30% profit, you're
in for a reality check. But if you can spot the signs in your area
that the market is slowing, you can stay calm and even profit.
Signs of a correcting market:
More inventory on the market.
Houses stay on the market longer.
Sellers are forced to drop their prices, often multiple times.
Real estate is cyclical, and the cycles last for years. It's a mistake
to react based on what has happened in the last six months. Speculation
throws everything out of whack because it's a short-term strategy.
Real estate investing must be for the long term.
The Hot Markets
Because real estate is regional there are
many "secondary markets" that
remain promising. These are usually smaller cities with attractive
lifestyles or "feeder" cities that serve larger, overpriced
metro areas:
Tucson, AZ
Orlando, FL
Wilmington, NC
Asheville, NC
Santa Fe, NM
Boise, ID
These areas are still affordable, which makes them very attractive.
They have healthy economies and are good opportunities to get into
now. That's the question you should ask as an investor: "What
markets should I be getting out of, and what markets should I be
getting into?" Even when the hottest markets are in correction
mode, there are always high-value markets for the smart investor,
as long as you look at price point and the potential for appreciation.
Stay Cool for the Long Haul
The most important thing you can do in this real estate environment
is avoid panic selling. Real estate is not like the stock market.
It's like a drive through the Rocky Mountains. You will have rises
and dips. Hold tight and wait it out, especially if you live in a
market that has strong fundamentals, like lots of people still moving
to the area. Over the long term, the value in real estate will stabilize
and you'll profit. Now is not the time to sell. But it is a great
time to buy.
Kendra Todd is the first and only woman to win Donald Trump's smash
hit NBC show, "The Apprentice" on NBC. Additionally, she
is Broker of Florida-based MyHouseRE.com, host of the popular HGTV
Show "My House Is Worth What?" and a regular real estate
contributor on Fox News Live. Her first book "Risk and Grow
Rich: How to Make Millions in Real Estate" has been an instant
success.
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On August 2 a family moved into the new Christopher's Haven apartment
at CRP...
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by Martha Bernard Welsh www.christophershaven.org
Hello Friends of Christopher's Haven -
Labor Day 2006 marked a major milestone for Christopher's Haven-a
home for kids when cancer hits home. On Wednesday, we hosted an
open house for supporters at the new apartment at Ten Emerson Place
in Charles River Park, adjacent to the MassGeneral Hospital for
Children. On Thursday, we held a focus group with families of children
being treated for cancer at the Proton Therapy Center and learned
about ways to create a supportive environment for their comfort
and healing.
On Saturday, September 2nd, I am pleased to report that we welcomed
our first family. 7 year old Kennis Nix and her family -- father
and mother, Ken and Kasha and 4 year old sister Kassidy, moved
into Christopher's Haven at 10 Emerson Place for several weeks
while Kennis receives outpatient proton therapy treatment. Kennis
has a website (link below) for her friends and family to follow
her progress and communicate with her.
http://www.kennisnix.com
We are excited to have met such a wonderful family. The apartment
is an important first step, but we must keep our eyes on the goal
of building a hospitality home to house 8 and 10 families at any
given time. Even now, there are more children being treated at the
MGH Proton Therapy Center who would benefit from affordable housing
close to the hospital. We are in discussions with developers about
properties near the hospital and are hopeful about a couple of potential
sites. The bottom line -- we need to raise approximately $1.5 million
to qualify for financing. And, of course the more cash we raise,
the more our money goes directly to serving kids than to debt service!
Please take 3 action steps today to help us raise the funds to
continue to operate the apartment and to add to the Permanent Building
Fund:
-- Save Thursday Oct 19 to participate in our Reception and Silent Auction
at the Algonquin Club on Commonwealth Ave. An invitation will be sent in the
mail.
-- Please tell your friends about Christopher's Haven and give me their contact
information so we can add them to our information and invitation lists.
-- If you haven't made a donation in 2006, please help us keep the energy up
-- we have made some real progress --we need to sustain and build.
Thank you.
Martha
Martha Bernard Welsh
Executive Director
Christopher's Haven
978.460.3145
www.christophershaven.org
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Christopher's Haven: A refuge for children with cancer - and thier
families
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by Nancy Kurkura www.ChristophersHaven.org
It's the stuff of science fiction – a radiation therapy machine
that can zap the cancer cells and save the good tissue – but
it's real. And one of the three such machines currently in use
in the United States performs its magic the Massachusetts General
Hospital Francis H. Burr Proton Therapy Center, at the venerable
medical facility that shares its riverside neighborhood with Charles
River Park.
But when children are the patients at MassGeneral
Hospital for Children there are complications beyond the medical
issues. For while the medical staff works tirelessly to repair
the body, the child's family is also part of the picture. Often
one or both parents must come from afar – sometimes for several
months -- to be with their child and often there are siblings as
well.
Thus was born the plan for Christopher's Haven, a temporary home
where children with cancer and their families can stay for the duration
of the treatment. It is the dream of Dan Olsen, a local singer/songwriter
who himself has endured three bouts of cancer.
After his most recent ordeal, in July 2001, Dan decided he wanted
to do something to help alleviate the emotional and financial burden
families experience when they are dealing with childhood cancer treatment.
He knew about such housing facilities, including the Ronald McDonald
House and the Cam Neely House, and he also knew that these places
are usually fully occupied.
So Dan decided that creating Christopher's Haven would be his way
of continuing the healing process for himself and, even more importantly,
for children afflicted with cancer.
Dan and several friends created a non-profit organization dedicated
to building Christopher's Haven, and currently they are smack in
the middle of the fund raising process. They have growing support
among the Greater Boston business community with Jordan's Furniture
pledging to provide furniture, and other businesses offering pro-bono
services.
They also have organized a series of fundraising events and they
actively solicit donations from the public.
According to Dan, The house will have eight to ten efficiency apartments,
where families can stay during treatment, plus a common area where
families can meet and share experiences with each other. Accommodations
will be made available on a first come, first served basis to families
at no or very low cost.
The group is currently looking for a location in the Boston area,
with easy access to MGH. It will be a pleasant place to stay, a place
to sleep, eat, do laundry, watch television, and relax.
In a brochure describing Christopher's Haven,
Peter L. Slavin, MD, President of Massachusetts General Hospital
and Howard Weinstein, MD, Chief of Pediatric Hematology/Oncology
at MassGeneral Hospital for Children wrote, "Providing temporary
housing and life's basic necessities will remove the burden for
many families who must travel great distances and pay significant
sums of money to stay at nearby hotels during their child's treatment.
It also will allow families to get away from the medical environment,
be together, and get support from other families who are experiencing
similar situations."
Dan also noted that the name Christopher's
Haven does not refer to a specific child, but comes from a song
he wrote about a child who has cancer – and is based on the
many real children Dan me while undergoing his own treatment.
Fundraising sidebar
The Mission Bar and Grill, 724 Huntington
Ave., Boston, recently hosted a capital fundraising event for Christopher's
Haven to kick off the "brick by brick" campaign, where
donors are invited to purchase a brick for a $25 contribution.
This will be an on-going campaign. To secure a brick, call 508-
358-7353 or go to the Website at www.christophershaven.org
There will be a reception and silent auction at the historic Algonquin
Club at 217 Commonwealth Avenue, Boston. For more information or
for tickets, please call the Christopher's Haven office at 508-358-7353.
Donations may be sent at any time to …
Christopher's Haven Fund, Inc.
c/o Middlesex Savings Bank
150 Commonwealth Road
Wayland, MA 01778
The group's Web site is www.christophershaven.org.
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Charlestown for sale: Are asking prices asking too
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by Lisa Betty Cline www.charlestownbridge.com
WIf there's a science to buying and selling homes, today's Charlestown
is the perfect Petri dish. With over 150 properties on the market
this month, it seems everyone is experimenting with what the market
will bear and challenging the laws of supply and demand.
Is this a new paradigm or an anomaly?
Claire Shea of Coldwell Banker Residential
Brokerage at Flagship Wharf has been working the Charlestown market
since 1984 and shared this perspective: "Buyers are taking their time. Most of them
have no urgency to buy unless they've just sold a home or are relocating
with a job change. They don't feel they have to jump on a property
[for fear of losing it to another buyer]." She added, "The
selling agent on one of my listings told me he showed his buyers
50 properties in Charlestown…before they put in an offer.
And that was only after they accepted an offer on the condo they
needed to sell first!"
This lack of urgency is an understandable source of frustration
for both sellers and agents.
Another now retired realtor claimed Charlestown's "bad press
[of late] doesn't help attract the single professional woman looking
to move here." Why do prices remain so high then? Her response,
like Shea's, is to blame overpricing. "I'm sure some prices
will drop as sellers feel the pressure to actually sell their homes."
None of this means Charlestown is undesirable,
stated Otis & Ahearn
realtor-about-town Richard Drinkwater. In his opinion, Charlestown
still very much draws the "young professional from Beacon Hill
or Back Bay growing a family who want proximity to Boston but seeks
more bang for the square-foot-buck." To put that buck in perspective…. "Back
Bay's average price per square foot is $809. Beacon Hill's is $804.
Charlestown's is $486" — obviously an enormous selling
point. Drinkwater added that the area also attracts "empty-nesters
that want a waterfront experience but who like the separation from
Boston," and gives Flagship Wharf and Constellation Wharf as
examples.
One broker, however, suggested Charlestown
might be losing out to places like, "the North End, which has picked up with the Big
Dig being (almost) finished. South Boston and East Boston also seem
busier than usual, probably because they're still somewhat affordable.
Same with Roxbury — the yuppies from the South End are able
to get larger and cheaper space if they move a little further south."
"Midtown and East Cambridge are [also doing well]," added
Drinkwater, "because that's where most new construction and
condo conversion is occurring. These types of units are being absorbed
by low leveraged empty-nesters, a driving force in Boston's real
estate market for the next 10 years and also by savvy young professionals
looking to invest in developing areas while simultaneously enjoying
a care-free lifestyle," à la Parris Landing.
As for Charlestown, Drinkwater added that
he believes "future
hot properties to be additional condo conversions or new construction.
Re-sales are languishing on the market." Shea affirmed that
Charlestown "has a [definite] edge over most Boston neighborhoods
in our variety of inventory, our comparative ease of parking, a strong
community network of organizations and proximity to downtown and
access North." Nevertheless, there sure are a lot of "for
sale" signs around town compared to a year ago (not counting
the 365 then-new listings at Parris Landing).
Okay. So when will things change?"This stalemate will change," Shea
said, "when the most motivated of the sellers drop their prices
to encourage offers and/or when interest rates move upward at a more
rapid pace. The only remedy…is realistic price adjustments
based on the realties of the current market."
Drinkwater answered by way of an equation. "Charlestown's market
malaise is due to the fact that buyers in the under $800,000 price
range are totally confused. And of the 165 properties currently for
sale in Charlestown, 142 are priced under $800,000. These buyers
are reading the hype about the bubble…and are worried about
interest rates climbing. Put it all together and you have an inability
to pull the trigger."
"Fact is," he advised, "that
if a property is on the market now for $500,000 and the interest
rate is 5.25 percent, waiting for the property to fall to $475,000
[risks] interest climbing to 5.75 percent. [Waiting, in other words]
will actually cost the buyer over $9,000 in the course of 10 years
of ownership."
One last curiosity: Who is selling, and why?
There is no single, simple answer. Some
people retire and move south. Some are relocated. And some, like
Leslie, a long-time resident and young mother, shared this insight: "We
are considering a move out of Charlestown based on a few factors.
First, Massport's desire to build a haul road [near our house]
would negatively impact our property value and quality of life.
Second, we'd like our son to grow up in a suburban neighborhood
similar to the ones my husband and I enjoyed. That being said,
we love Charlestown and will miss living here."
As of yet, the couple hasn't even begun the process of listing their
home.
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Historic Landmark right around the corner
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You’ve walked by it hundreds of times. And you even knew
that it was something historic, but you didn’t know why.
It’s the first Harrison Gray Otis House, located at 141 Cambridge
Street, designed in the Federal style by Charles Bulfinch, of State
House fame, for the Otis family.
Harrison Gray Otis made a fortune in real estate development on
Beacon Hill in the years after the American Revolution. He served
in Congress and later was mayor of Boston.
The house was host to frequent and lavish entertaining while the
Otises lived there. A hundred years later, however, mid 19th Century
industrial growth created vast numbers of new jobs in Boston, resulting
in a housing crisis.
Many of the older, single family homes in the West End were converted
to boardinghouses and the Otis house was among them. At that time,
boardinghouses offered respectable, temporary housing for upwardly
mobile young men, married couples, and whole class families. Features
of these establishments included three family-style meals a day and
the presence of several servants.
The Otis boardinghouse was known as a genteel
home for some of the finest cultivated people. Among the residents
were an admiral and the publisher of one of the city’s major
newspapers, along with their families.
By the turn of the century, Otis House borders reflected the immigrant
and working class character of the neighborhood. Census reports list
many of the men as skilled manual laborers; the female borders may
have been dressmakers or waitresses. But still, there were meals
served and one servant on the staff.
By 1910, the Otis House became a lodging house, renting single furnished
rooms with no meals. There were no longer any meals or any servants.
Today, the Harrison Gray Otis house has been meticulously restored
to its former glory. Its interior provides insights into social,
business, and family life in late 18th Century Boston. It is now
a National Historic Landmark.
For information on museum hours and programs, call (617) 227-3956
or check their Web site.
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Religion and history walk and-in-hand on Beacon Hill
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Charles River Park is situated in the middle of a fascinating neighborhood.
In years gone by it, witnessed the ebb and flow of immigrant life
that so dominated the first part of the 20th Century. One feature
of life in those days was a family's attachment to a religious
organization that had ties to the Old World – where ever
that world had been. A number of immigrants who settled in Boston's
then-West End came from Vilna, in what is now Lithuania.
Those folks founded The Vilna Shul in 1919, at 18 Phillips Street,
on the north slope of Beacon Hill. While at one time over 50 synagogues
once flourished in Boston, the Vilna Shul is the last remaining one.
And even its congregation succumbed to changing demographics, ending
its services in 1985.
But that wasn't the end of the story. In
1995, the Boston Center for Jewish Heritage (BCJH) acquired the
Shul to restore it as Boston's historic Jewish museum. And then,
in 2001, two young adults living the Back Bay were looking for
a place to establish a Jewish community in the neighborhood. By
chance, they discovered the Vilna Shul – and
they knew they had found the perfect place in which to create a Havurah,
a Hebrew word that means gathering or community of friends.
Known as Havurah on the Hill, the group comprises young Jewish Bostonians
ages 18-39 who gather at the historic Shul for communal Shabbat meals,
monthly Friday night services, and holiday learning services.
The atmosphere is warm and informal, and it suits the on-the-go
lifestyles of young, urban men and women. It gives young adult Jews
a place to worship that is not focused primarily on suburban family
life, and it offers them the chance to connect with others with similar
interests.
There is more information about the Havurah on the Hill at www.vilnashul.com
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And you thought a bar was just a place to drink
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It has been said that God is in the details, but for one local
group God could be in a pub right around the corner from Charles
River Park.
"Theology on Tap," is part of
a movement that seems to be catching among Christian groups around
the country. The Back Bay version was founded a few of years ago
by Father Patrick Gray of the Church of the Advent on Brimmer Street.
It uses the informal atmosphere of a local bar as a venue for discussions
about God and religion.
Modeled on a successful Chicago program, Theology on Tap offers
people a chance to gather and talk about theology -- but not in a
church and not on Sunday. It's also not meant to replace weekly church
services.
The benefit of meeting in a bar is that it provides a familiar and
comfortable spot for young to explore what role faith and God will
play in their lives. It also avoids the problem that many young folks
encounter in formal religious settings that seem to focus mostly
on families and older citizens.
Theology on Tap runs a couple of series a year, and each series
runs four weeks in a row. Each week there is a topic, a guest speaker
and a short question and answer session. The sessions usually draw
about 60 attendees. One recent series focused on Theology and Society,
with sessions focused on theology and the city, theology and fashion,
and theology and postmodernism.
The discussions are fun, with pop culture
topics such as "the
gospel according to the Simpsons."
There is more information about Theology on Tap at www.friendsattheadvent.org,
with links to Theology on Tap (TOT).
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Profile - CRP’s Carlos Caicedo is Boston-inspired
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Digital artist, photographer, and long-time Charles River Park
resident, Carlos Caicedo remembers clearly what first caught his
attention about the neighborhood. "Those signs," he said. "If
you lived here, you'd be home by now." That was 22 years ago
and Carlos has been home ever since.
Caicedo explains that his art is often inspired
by his surroundings and then augmented using a computer. "[Living here] allows me
to take many photographs nearby. I can walk to the Esplanade and
the Charles River, the Public Garden or the ocean. Several of Boston's
greatest assets." Carlos adds that he enjoys the convenience
of nearby shops, the "T," and the airport.
His artistic themes range from pre-Colombian
artifacts and figures to nature photography and 3-D renderings.
Carlos has had several works shown at the Concord Art Association
in Concord, MA, Copley Society at 158 Newbury Street, which will
include his work in the show "Small Works II" running
from July 22 through August 21.
The schedule of exhibits and a portfolio of his art and photography
can be seen at: http://www.glasscanvas.com
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Build a Bridge to a New Home using a Home Equity Line of Credit
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Home equity is one of the greatest assets of home ownership. When
owners become sellers, they aim to take that equity with them.
But timing can be an obstacle. If the road to buying another home
is paved with equity still tied up in property – road block,
right? No. Think temporary "bridge." Bridge financing
is a strategy that allows buyers to use equity in their house to
help purchase their next home.
The most common bridge financing mechanism
is a home equity line of credit (HELOC). It can be established
for amounts up to 100 percent of the value of the home. The line
can be set up quickly. But for house shoppers who know they'll
want bridge financing later, establishing the HELOC early will
allow them to act quickly when the right home comes to light. In
most cases, the HELOC doesn't affect the buyer's credit when qualifying
for a mortgage. They can be set up at low rates. Many have no costs
attached. Often, home owners can take advantage of an interest-only
payment option, which can help make the monthly payment predictable
and keep the cost of tapping the line low during the "bridge" period.
While bridge financing is a powerful way to use the HELOC to realize
the power of your investments, many homeowners use this line of credit
to make necessary repairs or improvements that can enhance the value
of their home.
Questions about this column or bridge financing using a HELOC? Contact:
Tracy Bellavance, Countrywide Home Loans: 1.617.956.5814
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Leverett Circle Pedestrian Crossings:
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Alternatives to a New, Bigger Pedestrian Bridge "Our objective
is to open the space and reduce the number of structures needed," began
John Kennedy, vice president of Vanasse Hangen Brustlin, Inc. (VHB).
Kennedy was the first speaker at a public meeting of the Citizens
Advisory Committee for the New Charles River Basin to gather input
on plans for the pedestrian crossings at the former Leverett Circle.
The meeting was held at the Museum of Science on July 13, 2004
and convened by New Charles River Basin Citizens Advisory Committee
(CAC) Chair Joel Bard.
The existing pedestrian bridge will be removed in January 2005,
and street level, or at-grade, crossings will take their place for
at least six-month while other construction takes place. The demolition
follows the opening of new I-93 on-ramps that reduce traffic at the
intersections by 60 percent. While VHB's contract commits the firm
to design a replacement pedestrian bridge, stakeholders are entertaining
alternative plans that address drawbacks of a pedestrian bridge.
"To address the design requirements of the Americans with Disabilities
Act (ADA)," Karst Hoogeboom, Deputy Commissioner of Planning
and Engineering explained, "we would need to build a bridge
and ramps that are 180 feet long on each side of McGrath Highway.
We feel that's a lot of structure. A Big Dig theme is removing structure
and opening green space. "And pedestrian bridges in other cities," he
continued, "have shown that people don't want to climb above
the street to cross traffic." Among other shortcomings, Hoogeboom
noted that for handicapped MBTA riders a step inside the MBTA station
will remain and pedestrian bridges would not cut crossing times in
most cases.
Local resdients voiced a number of concerns:
the traffic level is too high to risk at-grade crossings; crossing
times will be shortened by drivers running red lights; commuters
will no longer be able to run for a train at Science Park station.
The Big Dig's Michael Lewis reminded residents that 60 percent
of traffic that moved through the intersection to I-95 and the
Tobin Bridge, will now flow under it via a new on-ramp. "Police details would be assigned to 'retrain'
drivers after the intersections are completed. But," he conceded, "sometimes,
you won't catch your train."
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A “Science Park/West End” Sign
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In our last newsletter, I suggested that we propose to the MBTA
making a change the Green Line Science Park sign. In one of the
many responses we received, a resident writes, “Changing
the ‘T’-stop sign makes good sense, as that seems to
the direction our [neighborhood] designation is going.” I
plan to take your encouraging feedback and collaborate with the
West End Civic Association to lobby the MBTA to make this change.
I’ll report on progress as the campaign develops.
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Focus: Charles River Park
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Over the past 12 months, all unit types of CRP real estate have
experienced appreciation. If you are considering selling your CRP
condo, now is the time.
Doctors who have recently selected MGH for their residency are now
looking for housing. You want to be ready when they storm through,
buying and renting everything available, as they do every year! Emails
and get our newsletter for more details.
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Massachusetts Eye and Ear Infirmary
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The folks at Charles River Park have all the advantages of city
living, located as they are in the thick of an exciting Boston
neighborhood. They also have the advantage of being adjacent to
one of the great medical complexes of the world. Not many people
can say that one of their neighborhood hospitals is the Massachusetts
Eye and Ear Infirmary (MEEI).
Infirmary? The name conjures up images of camp nurses and college
clinics. But the MEEI is a venerable, first-class, independent specialty
hospital that provides outstanding patient care for disorders from
the neck up. For over 180 years, it has served Bostonians, as well
as patients and clinicians from around the world.
While some imagine that the MEEI is simply a trauma unit for eye
and ear injuries, the fact is that the hospital deals with everything
from facial cosmetic surgery to laser vision correction. In addition
to treating people who suffer from serious eye and ear problems,
the MEEI staff provides thousands of routine eye and ear exams each
year.
Founded in 1824 by Drs. Edward Reynolds and John Jeffries as a one-room
clinic to treat Boston's needy, the Massachusetts Eye and Ear Infirmary
has earned an international reputation for its successful treatment
of the most difficult diseases and conditions of the eye, ear, nose,
throat, head, and neck, and for its outstanding contributions to
medical research and education.
While its name indicates a focus on eyes and ears, other departments
at the MEEI deal with voice disorders, balance problems, facial nerves
disorders, hyperbaric medicine, laryngology, and sleep disorders.
In fact, U.S. News & World Report magazine has ranked MEEI in
the top five in one or both of its specialties—ophthalmology
and otolaryngology—each year since the magazine began publishing
its annual survey of hospitals in 1990. In 2004, the Infirmary was
ranked third in the category of Ear, Nose and Throat and fourth in
Eyes.
One of the most visited centers, is the MEEI Facial and Cosmetic
Surgery Center, offeringa wide range of services including full and
mini face lifts, Botox cosmetics, collagen injections, earlobe repair,
eyelid surgery, forehead and brow lifts, nasal surgery, scar revision,
and micro-dermabrasion. The Center prides itself on its 80 years
plastic surgery, with more than 15,000 surgical procedures performed
on men, women, and young adults annually.
Another popular location at MEEI is the Laser Vision Correction
Center. Rapid advancements in technology in the past few years have
dramatically increased the options for refractive vision correction,
and MEEI physicians and researchers have been in the forefront of
many exciting developments.
Laser Vision Correction Center staff members help patients choose
the right options for problems of nearsightedness (myopia), farsightedness
(hyperopia), astigmatisms, or presbyopia. Using the most advanced
techniques and technology available, they perform over 1200 vision
correction procedures annually, including LASIK, LASEK, and a full
range of corneal treatments.
The Massachusetts Eye and Ear Infirmary is an internationally respected
destination for people who suffer from complicated and serious disorders.But
it is also a great resource for people who live or work in Charles
River Park and the surrounding neighborhood.
For information about specific services offered at the MEEI, call
671-523-7900. Emails and get our newsletter for more details
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DOs and DONTs: How to get the most for your home
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IThe first step is understanding that over 85% of all real estate
sales occur between two brokers—the one who lists your property
for sale and the one who brings the buyer. Therefore, it is critical
to involve the entire broker community in the sale of your property
if you want to get the most for it. Here's some do's and don'ts.
DO interview three brokers and have them
compete for your business. Ask them each to give you a written
Marketing Plan, have them sign it—and then hold them to it.
DO be certain that the broker you select is committed to accommodating
other brokers who want to show the property; not returning broker
phone calls quickly is unprofessional and unacceptable.
DOmake sure that your broker agrees to give
you the names of the brokers to whom the property was shown. Doing
so on a weekly basis will confirm that your broker is—or is not—involving
the broker community.
DO NOT allow your broker to delay posting
your listing in LINK and MLS—not for even one minute! Your
listing should be seen by all brokers and their buyers immediately
upon being listed for sale. Not doing so may give your broker the
chance to keep all the commission, but it limits the number of
brokers and buyers who know about your listing, which could have
a serious impact on the price you get.
DO NOT give your listing to any broker who is not going to list
it in MLS. Some brokers who concentrate their business in small areas
will tell you that listing in MLS is unnecessary. They may be right
that the property can be sold without an MLS listing, but how will
you know if you get the best price unless everyone on MLS knows it
is for sale? If your broker is not a member of MLS, find one who
is!
DO NOT focus on the commission.You get what
you pay for. Pay a little, get a little—in both performance
and in price. When the sale is complete, a good broker will have
made you happy to pay the commission that he or she has earned.
Emails and get our newsletter for more details
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Snapshot— Boston Real Estate
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As all the statistics indicate, the Boston real estate market continues
strong, fueled by tight supply, heavy demand, and low interest
rates.
Also significant is the influx of empty nesters, who are moving
back to the city in droves from high net worth suburban communities
within 30 minutes of downtown Boston.
Note the speed (see Impact article on page
2) at which our new developments get scooped up by the baby boomers.
Take a look at the sales activity at the new residential developments— astonishing!
And it's happening all around us, not just in downtown. Channel
Center and the Seaport district are experiencing similar excitement,
perhaps not from the empty nester group but certainly from young
professionals wanting close access to the financial district, waterfront,
and mid-town action. The same is happening in E. Cambridge with
its close proximity to downtown Boston and lower-than- Boston prices.
New condo conversions at Museum Towers, as well as The Glass Factory
and One First Street, both located at the Lechmere T stop, are
enjoying brisk sales. Attractive prices along with the new North
Point project will transform the entire area into a vibrant new
neighborhood that should provide an opportunity now to buy into
future appreciation at pre-development pricing.
As Boston prices continue to rise, neighborhoods like South Boston,
East Cambridge, East Boston and the Fort Point area, offering great
new condos close to downtown, are poised for the same type of revitalization
and appreciation that hit the South End over the past 10 years. This
is all good news for firsttime buyers and anyone seeing the value
of buying into a developing neighborhood.
The new development pipeline has demonstrated consistently strong
pre-sale marketing, reducing any significant net addition to inventory
as of the date these properties are anticipated to be ready for occupancy.
This results in a tight 2.5+/- month supply.
Here are some examples of this activity: Email us and get our newsletter
for more details
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House Proud-Painting, Done Right
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by John Murphy, John Murphy Painting, Inc.
You've probably painted a room, or even your house. It looked pretty
good. But why was is it so difficult to cover that color with your
bold new choice? Why did it flake in some places a short time later?
A well-educated do-it-yourselfer can do a good job painting, but
to be certain to have no regrets, carefully choose a professional.
Looks good, or does it?
Properly painted surfaces are uniform in color and sheen. They have
no foreign materials: lumps, skins, sags, holidays, misses, strike-through,
or insufficient coverage. As well, there are no drips, spatters,
spills, or overspray caused by the contractor's workforce.
But, think "normal" conditions: No magnification, stand
back five feet or more, turn on existing room lights. When you ask
a contractor's references about how satisfied they are, be sure they're
taking these conditions into account.
Common Questions
Will I have to be home while the work is being performed?
No. Once a contractor has established what your needs and expectation
are, usually in a face-to-face meeting, it is not necessary for you
to be at home.
How bad will my house smell during interior painting?
There will be a mild paint odor. If you are very sensitive to odor,
your painter can use "low voc" products, which are designed
to reduce "paint smell" to a minimum.
Do I have to move all my furniture?
No. Your painter should protect all surfaces not being painted. However,
the contractor should ask you to move personal items, breakables,
and to remove pictures from walls. If dressers or furniture contain
breakables, it is recommended you remove these. Conscientious painters
do not want to damage anything, even inadvertently.
If a worker gets hurt while painting in my home, who is responsible?
You are, if the contractor does not have a valid workers compensation
policy for his employees. The cost of covering workers is significant
(usually about 10% of all wages paid out). But it demonstrates
the respect the contractor has for the professionals who work for
him or her and it is a sign that your contractor is committed to
ethical business practices.
Note: The Massachusetts State Board for Contractors requires all
painting contractors to have a valid state Registration #. The law
also requires that any employer who has employee's s must carry workers'
compensation insurance. You may check the status of any potential
contractor by calling: 508 821 9375 X502 or search on the web at
http://www.state.ma.us/bbrs/Hicsearch.htm
John Murphy heads Murphy Painting Company, Inc., a premium interior
and exterior painting company.
Contact John Murphy at jmurphypainting@rcn.com or 866-617-2468 (Toll
free).
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Correction
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In recent issues, we reported that discount taxi coupons could
be purchased at the Office for Elder affairs. While this remains
true, we incorrectly reported that people at least 60 years old
may take advantage of this offer. In fact, you must be 62 years
old or disabled to use these half-price coupons. We regret any
inconvenience it may have caused. To purchase taxi coupons, go
to Boston City Hall, Room 271. You may purchase up to three books
of coupons at a time, totaling $30 in fares. You pay only $15.
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Green Line “T” Construction Cuts Rail Service to Science
Park
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Beginning Saturday, June 19, 2004 Green Line service will not operate
to Lechmere or Science Park Stations, terminating instead at North
Station. A temporary bus shuttle will provide frequent service
between Lechmere and Government Center during all regular service
hours. MBTA personnel will be available along the shuttle bus route
to direct customers to this interim service.
The MBTA is constructing a new underground “Super Station” for
the Green Line and the Orange Line at North Station. The next phase
of construction work includes the demolition of the elevated tracks
between Science Park and North Stations.
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At Home with … Diane Wood
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“Now that I’m really ‘in’ Charles River Park,
I recognize all the things I went without,” said Diane Wood,
CRP resident since 2001. Wood rented a unit in 1999 before buying
a one-bedroom apartment in 6 Whittier. Wood owned a duplex on Marlborough
Street but, she said, “It was difficult to meet my neighbors.
The building required a lot more upkeep. And a friend of mine was
mugged, right in Back Bay, in the middle of the afternoon.”
Wood has also lived near the Financial District,
but found her neighborhood virtually deserted after 6 p.m. “It was a very convenient location
for my work,” Wood says, “but shopping for groceries
required a drive, and so did a lot of other things.”
Wood’s business required her to move to Florida for a time.
But she kept on renting in 6 Whittier Place as a way to keep her
roots planted here, knowing that someday she’d return to full-time,
downtown living. Business flourished. “My apartment became
my home away from home,” Wood said. “Also, I was able
to share it with colleagues traveling here on business. It turned
into a real advantage for our company, but I would have preferred
to be living here myself.
“When I lived in the suburbs and the
financial district, shopping meant driving. The supermarket and
specialty shops are close by. Boston parking can be tough, but
here I park in the building and take an elevator to my apartment.
And I feel safer than in the Back Bay. I see the security patrols,
the doormen. And more important, I see families with children.
That makes me feel good.”
When she returned in 2003, she sought out
a broker who knew all of Boston, but understood the West End and
CRP in particular. “Richard
Drinkwater had been my buyer’s broker,” Wood said, “and
because he lives here, I knew he could give me a perspective that
few others could.” Wood explains that she used to have an attention-getting
view of the river, but when she moved to her current home, she found
a bigger unit with a view of trees, parks, and part of the city skyline. “Richard
really helped me understand the trade-offs and opportunities. I chose
my unit because it is a terrific place for the price and because
I could enclose the terrace and make it still larger.
“I didn’t think about it when I moved in,” Wood
said, “but the health club and the pool are a tremendous bonus.” Wood
and this reporter met during the week of the Democratic National
Convention when many chose to avoid the city. Still, we could hear
children and parents enjoying Boston’s summer weather by the
pool.
“Families come down and spend the day between the playgrounds,
parks, and the pool,” Wood says. “And yet other residents
swim their laps or sit close by in peace. Which is another thing
I love about this community: it’s so diverse and friendly.
But that’s why I like Charles River Park, and Boston, so much.
So many great people and things are close by. I feel right at home.”
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Hold the Club Soda: Myths and Reality of Home Stain Removal
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by Tim McGuire
Lapels Dry Cleaning Professional cleaners have the skills and tools
that enable them to remove most stains from your clothes. However,
small clothing stains can often be successfully removed at home.
There are many home stain-removal remedies passed down from grandmothers
and mothers. While many of them work, some may do more harm in
the long run. In many cases, there are better ways to treat the
stain at home.
Myth:
In a pinch, apply club soda.
Reality:
In some cases club soda will remove a clear, colorless, water-based
stain. But so will cool water. Club soda may also remove other
water-based stains such as ketchup or red wine. But it cannot get
out greasy, oily stains such as mayonnaise, butter, or gravy. It
simply doesn't possess the grease-dissolving properties called
for. Applying club soda to oil-based stains may compound the problem
and diminish the chance of complete stain removal.
Myth:
Use hairspray and water for ballpoint ink stains.
Reality:
Hairspray and water can, in fact, remove ballpoint ink, but you may
damage the fabric in doing so. Hairspray may contain alcohol and
oils, such as resin and lanolin which can cause color damage or
lead to additional stains, especially on silk.
Tips
Tough stains:
Some stains simply cannot be removed with home remedies. Most medicine
stains, fingernail polish, adhesives, and paint are difficult to
remove and should be taken to a professional cleaner. If you don't
know the cause of the stain or think the fabric may not respond
to home stain removal, always take the garment to your cleaner.
Don't wait:
All stains should be removed before they have time to set. Time or
heat can set stains permanently. Even a professional cleaner will
have trouble removing stains that have set.
Delicate fabrics:
Do not attempt home stain removal on leather, suede, furs, vinyl,
fabrics that are heavily sized, such as taffeta and satin. Bring
these specialty garments to your cleaner.
Invisible stains:
Many fruit juices and drinks disappear into fabrics and leave no
visible stain. But the sugars absorbed by the fabric remain. Dry
cleaning fluid doesn't remove them. Heat browns them, causing a
stain that will not come out. If you spill juice or soda on clothing,
flush it out immediately with water, even if you can't see a stain.
Remember:
Explain as much as you can to your cleaner about the cause and source
of the stain. The more information you provide, the more likely
the cleaner will be able to remove the stain.
For more garment care tips, see www.lapelsdrycleaning.com
Tim McGuire is the owner of Lapels Dry Cleaning, a full-service
dry cleaner, at 4 Longfellow Place. Lapels is a longstanding member
of the International Fabricare Institute and the National Cleaners
Association.
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