Nantucket residential real estate is selling at about three times the price it was a decade ago. According to one conversation I had with a realtor, the price of a summer house now is about 30 times the gross annual rental income that the house commands. A bubble, perhaps?
Tuesday, August 14, 2007
What I learned on my summer vacation
Nantucket residential real estate is selling at about three times the price it was a decade ago. According to one conversation I had with a realtor, the price of a summer house now is about 30 times the gross annual rental income that the house commands. A bubble, perhaps?
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