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Just going to live in a tent..

Discussion in 'Off-Topic' started by Mr.E, Jul 16, 2019.

  1. Mr.E

    Mr.E

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    So, I’ve been house hunting for many many many months.
    Put in bids and it goes for way above asking.
    Just got smoked on a bid for a nice house in Waltham where I offered $10k over asking (already high as the price per square foot is higher than the area) and was told today that the seller is going with a “much” higher offer.

    I need to be within a commutable area to Boston and I’m pretty much out of options. Inventory has dried up for just about everything in my price range.

    So, I’m going to REI tomorrow and picking up a nice tent, a space heater, and a camp stove and I’ll hunker down under the Longfellow bridge and make that my new home. No taxes, no maintenance costs, friggen brilliant.
    If you pass by feel free to come in and check out the place...
    This is flippen ridiculous.
     
    Last edited: Jul 16, 2019
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  2. Cipher

    Cipher NES Member

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    Make sure you inform the local PD and state of your new address in writing. :)
     
  3. Mr.E

    Mr.E

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    They can come find me, I’m now a nomad and IDGAF
     
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  4. SERE

    SERE NES Life Member NES Member

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    The first day you come home from work you won't have a space heater or stove either. You'll have to fight for your tent.

    Wishing you the best of luck.
     
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  5. Coyote33

    Coyote33

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    A lot of people are commuting from Auburn, Charlton, Oxford, Sturbridge now. An hour drive into Boston (on a good day).
     
  6. Mr.E

    Mr.E

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    I’ve commuted into Cambridge for over 5 years, first from Hopkinton and now from Framigham..
    Sick and tired of it. Stressful and probably taking years off my life.
    I don’t have kids so don’t care about the better schools in the suburbs either..

    This tent thing might catch on
     
  7. Mr.E

    Mr.E

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    Well. Just did a quick search on Zillow before heading to bed.
    I’ve officially been priced out of even a single parking space in Boston. Lovely.

    This tent will be pretty sweet though
     
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  8. Tinkermatic

    Tinkermatic NES Member

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    In my experience not only are they going for well above asking but a lot are cash offers as well. There’s a huge influx of Chinese money in the area. Unfortunately I’d bet that your new tent will probably be made there.
    Good luck.
     
    pepperoni likes this.
  9. Koolmoose

    Koolmoose NES Member

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    Best wishes, After years of mountaineering, including many miserable days in a tent in bad weather, I tell my wife “This is a great day/night not to be in a tent”

    What about a room? Folks here will, I’m sure, will be happy to give you positive references.
     
  10. marleythefish

    marleythefish NES Member

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    If rents keep growing exponentially i might be your neighbor.
     
  11. KBCraig

    KBCraig NES Member

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    The late husband of a friend commuted to downtown Boston every day. They lived in Canterbury, NH (which is north of Concord NH on I-93, for those of you who think civilization ends at Manchester).

    I wouldn't do it, but it can be done.
     
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  12. clampett

    clampett NES Member

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    Was it the commute that killed him?
     
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  13. Uzi2

    Uzi2 NES Member

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    Sounds like a great time to move out of MA.
     
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  14. TheGreekFreak

    TheGreekFreak NES Member

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    This isn't a great time to buy near cambridge imo. Everything is wayyy overpriced and people are overbidding with cash offers left and right.

    It doesn't help when you need a fricken house to live in but burying yourself in something way above your means amidst the frenzy is never a good idea imo.

    I would wait it out as you keep saving up for a bigger down payment. Maybe look a little further out (woburn?) or, with no kids, a much smaller place than what you had in mind?

    It sucks man. I'm actually shocked how much prices around here have jacked up the last 5-10 years. It's insane...but a 10 minute bus ride right into harvard square is really nice.
     
  15. TC McQuade

    TC McQuade NES Member

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    Why a nice tent? Just get a cheap one you'll have to replace every night. The space heater thing grab yourself a candle you don't need much heat and it'll work as a stove too.
     
  16. Bistro

    Bistro NES Member

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    Just move in the heart of it all, 112 south Hampton st

    Great community over there.
     
  17. Lucas McCain

    Lucas McCain

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    Probably better to get a van down by the river.
     
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  18. Super99Z

    Super99Z NES Member

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    The sub 400k market is insane right now, I know people looking in that range, basically every house is sold over asking on the first open house.
     
  19. Spanz

    Spanz NES Member

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    find an old senile couple who live in cambridge. Knock on their door, and loudly proclaim "Mom!!.....DAD!!!!, i have finally found you after all these years!"

    They will invite you in....tell them how you were lost in an unfortunate boating incident in the Bermuda Triangle, but are now back! They will welcome you with both arms, and want you to stay. Take over one of the bedrooms, cook food and clean for them as rent, and you both will be happy as clams!

    ;)
     
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  20. new guy

    new guy NES Member

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    Sounds like you’re in a good position to wait patiently on the sidelines for the market to tank.
     
  21. fencer

    fencer NES Member

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    My buddy in realestate tells me a lot of the shortage in the burbs is because of legal weed. We all know it is still verbotten federally, and many banks want nothing to do with the money.
    So, what to do with hundreds of thousands of dollars...in cash. Yep, show up at the closing and pay cash for property. Viola! Your money is now effectively laundered.
    And it's not just houses. Strip malls, commercial property and land. All being snapped up. He also tells me that the "buy in" for opening a " dispensary has come waaay down, especially for those who have had issues in the past with substance abuse.
     
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  22. SKumar

    SKumar NES Member

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    Wait until you take your first shit in the woods. Life changing experience.
     
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  23. Super99Z

    Super99Z NES Member

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    From the sounds of it, he may be the guy leaning against Dunkin Donuts letting nature call.
     
  24. Fixxah

    Fixxah NES Member

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    And your stuff will be gone upon return.

    Looked in Norwood area?
     
  25. Fixxah

    Fixxah NES Member

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    Only if you wipe with shiny leaves.
     
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  26. gxx9sdb

    gxx9sdb

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    Keep saving and wait for the crash. My guess would be around fall, 2020.
     
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  27. jkelly1229

    jkelly1229

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    You could always go live in a van down by the river
     
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  28. Woodsy

    Woodsy NES Member

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    Rent now wait for the crash coming then you can buy for much less
     
  29. new guy

    new guy NES Member

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    Or if you expect an inflationary crash, load up on as much fixed rate debt as you can now and pay it off with Monopoly money later.
     
  30. peterk123

    peterk123

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    I did the Boston Job Thing for five years. I then took a cut in pay to get a job in Central MA. Getting in and out of there sucked. Two two and a half hours each day lost to commuting. That was twenty five years ago. I can't imagine dealing with the shitshow today. I may consider it for about $5 million in salary per year, knowing I could retire in two years; other than that forget about it. That place sucks. Best decision I ever made. Was able to buy an affordable house, 15 minutes to get to work and the ability to eat dinner with my family every night. Priceless.
     
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