Hotter than Tabasco sauce: the Boston RE market

^except MIT and most of Harvard is in Cambridge, not Boston.

BIG DIFFERENCE
 
armpitsOFmight said:
except MIT and most of Harvard is in Cambridge, not Boston.
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MIT and Harvard not being directly in Boston hardly matters. I mean, come on, in a strong breeze you can almost spit on MIT from Boston.

What you really have to wonder about is how Detroit and the state of Michigan have been so bad about turning University of Michigan/Michigan State/etc grads into start ups.
 
If Boston wasn't right next to Cambridge, Cambridge would have developed into another Ithica, NY.
 
The important part is Harvard and MIT with the dozens of other schools all benefits Boston even it is technically not within its borders.

It sucks for me, I just happen to decide to go hunt for a condo. But it seems the areas I really want is just too hot for me. I don't like to overask and I have a hard time making myself want a Medford or a Malden condo. If only I graduated and got my job maybe a year or definitely a year and a half earlier.
 
Fenway said:
Universities and hospitals alone cannot make cities successful. Ever been to New Haven or Baltimore?
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Possible point, but do they have 53 schools in the region (Per wikipedia) with 2 of the best and another 4 other that ranks not that far behind that?
 
armpitsOFmight said:
If Boston wasn't right next to Cambridge, Cambridge would have developed into another Ithica, NY.
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I feel like you're being needlessly pedantic. The fact of the matter is, Cambridge is right next to Boston, and in a macroeconomic sense, they are the same entity. People who live in Cambridge will spend money in Boston and vice versa.
 
Fenway said:
Universities and hospitals alone cannot make cities successful. Ever been to New Haven or Baltimore?
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Agree.....But MIT has built a Biotech Haven which has been the hottest sector in the stock market and also a huge economic boom for Boston + the surrounding areas. Life Sciences in Kendall are on fire.
I know Cambridge is not Boston but because they are so close Boston has enjoyed a massive positive domino affect from MIT & Harvard.

The Mayor & Governor had to swindle Vertex with tax dollars to help development in the Seaport. That says it all.

Somebody made a claim that Cambridge Ma is worth more than Manhattan. Not sure what they meant.
 
armpitsOFmight said:
If Boston wasn't right next to Cambridge, Cambridge would have developed into another Ithica, NY.
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Probably true.

It is also quite likely that if Cambridge weren't next to Boston, then Boston might be another Detroit.

But they are next to each other and benefit greatly from each other. The fact that Cambridge has a separate local government from Boston is almost completely irrelevant. Cambridge is more a part of the urban and economic core of "Boston" than 3/4 of Boston proper.
 
fattony said:
Probably true.

It is also quite likely that if Cambridge weren't next to Boston, then Boston might be another Detroit.
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I would like to think the dozens of other schools including BU, BC, and Northeastern would float Boston somewhere higher than Detroit. It may not be producing the investment bankers and politicians of Harvard nor the minds sparking new industries of MIT at the same scale, but still important.
 
The question you have to ask is take out of the equation Harvard & MIT. Would Boston resemble Detriot? I SAY YES.
Harvard & MIT have billions of dollars in their endowments. Which they dump Millions a year into their community.

The top of the tier famalies (Wealth) from around the world want their children to go to these schools.
All the colleges are riding these top tier schools.
Would BC, BU, Northeastern, Tufts actually be desirable in Boston if Harvard and MIT where located on the Pacific Coast?
 
fattony said:
The fact that Cambridge has a separate local government from Boston is almost completely irrelevant.
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I wonder if that's true. The competition for jobs between the two cities may also be part of what has been working here. For instance, if it was all one city, there never would have been the push for the "innovation district" in the seaport since Boston would have already been banking all the tax dollars.
 
To me, the state of Michigan is not that desirable of a place to live and it doesn't offer anything that special. Perhaps others feel the same and that's another reason (aside from a terrible economy) for wanting to leave.

It doesn't matter that Cambridge is home to MIT and most of Harvard. They're both still located in Massachusetts and the Boston metro area.
 
I hate these hypothetical arguments about if Harvard and MIT weren't here we would be Detroit.

First of all, they are here! Second of all, it is not merely a coincidence they are here. Boston has always prized education, had one of the first libraries, the state had the first public schools and has been a GLOBAL leader in elementary education. The Massachusett's Legislature issued a charter for MIT in 1859! MIT didn't just magically appear here and bestow its big endowment and innovated prowess in the state. The people of the state had the image to adapt during the industrial revolution and built it. The Irish then did the same with BC around the same time! It is home to some of the nation's largest banks and invented the mutual fund. It has an important port, and for all its flaws a strong public transportation system and decent infrastructure. It has a layout that promotes interaction and activity. The city struggled post-war even with MIT and Harvard, but again rebuilt itself into what it is today.

If you took wall street out of New York, it would also be less competitive. If the Capitol left DC, it would die. If Hollywood left LA it would wilt. All these cities have core businesses that they built around, and Detroit's ended up being the most unstable of them all. Boston's by contrast is probably one of the most resilient.

sorry, all these hypothetical's just become mind-numbingly distant from any reality or discussion of how a city can make changes to remain competitive.
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TheRifleman said:
The question you have to ask is take out of the equation Harvard & MIT. Would Boston resemble Detriot? I SAY YES.
Harvard & MIT have billions of dollars in their endowments. Which they dump Millions a year into their community.

The top of the tier famalies (Wealth) from around the world want their children to go to these schools.
All the colleges are riding these top tier schools.
Would BC, BU, Northeastern, Tufts actually be desirable in Boston if Harvard and MIT where located on the Pacific Coast?
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Boston's proximity to NYC will always be desirable to the Biz sector. Many companies hold offices in both cities and execs/sales people often travel back and forth on a weekly basis. Can't say the same is true for Detroit. Point is there are many factors that make Boston a desirable city.
 
ParkerChris said:
Boston's proximity to NYC will always be desirable to the Biz sector. Many companies hold offices in both cities and execs/sales people often travel back and forth on a weekly basis. Can't say the same is true for Detroit. Point is there are many factors that make Boston a desirable city.
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Maybe your right.

But would BC, BU, Northeastern, Suffolk, Emerson, actually be good schools without Harvard or MIT located in this area. It seems these are alternative schools for the upper class since their kids weren't special.

If the city of Boston is so desirable then why did the taxpayers have to give 100 Million to relocate companies from Cambridge to the Innovation district?

I'm just telling you that Boston type Politics are very similar to Detroits demise. "Munipical Union Pensions" And right now Kendall Square is carrying Boston on its back with massive economic growth & expansion of the Biotech Industry. Owe I forgot we have a casino going to create economic growth in E.Boston or Everett just like it did for Detriot.

Those are facts.
 
armpitsOFmight said:
^except MIT and most of Harvard is in Cambridge, not Boston.

BIG DIFFERENCE
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If Boston were as large as Detroit in terms of square mileage, MIT and Harvard would be in Boston.

It's really not a big difference that they're across the river. It's a unified economy.
 
TheRifleman said:
If the city of Boston is so desirable then why did the taxpayers have to give 100 Million to relocate companies from Cambridge to the Innovation district?
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Hmmm...I don't know maybe because businesses need incentives in order to relocate regardless of where they are relocating? There is the cost of relocating such as having to move equipment from one location to another as well as disrupting production during the move. There is also the return of relocating, which, when the new location is literally a couple of miles down the road, is minimal at best. I mean, it makes sense for a business to, let say, relocate from the suburb to the city where public transportation is more readily available, but what benefits does one gain from relocating from Cambridge to Boston? What does Boston offer at the Seaport that Cambridge doesn't already have?

The fact is Vertex had no incentives to move to Boston. For them, it basically meant having to pay to stay where they are, geographically-wise. That doesn't mean that Boston isn't desirable. It means that they have little to gain to justify the cost to relocate.
 
choo said:
I hate these hypothetical arguments about if Harvard and MIT weren't here we would be Detroit.

]
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The demise of the Detriot looking like a slum is nothing more than bad Politics and Greed. Munipical pensions have bankrupted that city and have made it so undesirable to ever do business in the city for any new corporations to ever consider Detriot as a destination for their corporate headquarters. Detriot is seriously a perfect example of a FAILED GOVT EXPERIMENT.

This is exatly what is going on in Boston. The only difference is we have 2 x-Factors that actually create new innovation for the world.
MSFT and Facebook were innovated in Cambridge. Granted they decided to start their headquarters elsewhere.

Chicago will be the perfect example that even with a great city Illinois is DOOMED could possibly end up in worse shape than Detriot. Munipical Pensions in this corrupt city is going to bankrupt the entire state.
 
Yes, because those benevolent corporate masters would have stayed in Detroit if only the city employees had been willing to take a pay cut. Globalization of the economy had nothing to do with it. Making shitty cars that broke down years before the competition's cars had nothing to do with it. Trying to get labor at an hourly rate that wouldn't buy a 500-square-foot shack in the tundra of Alaska (as opposed to an actual livable wage) had nothing to do with it.
 
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