It's her first day, so I will let her off the hook. Stacey Myers, the replacement for Binya Appelbaum has posted a summary of a Money Magazine 2009 Housing Forecast which states Boston should drop 10.5% This forecast uses the Case/Schiller Index which tracks major metro markets. Of course, anyone who looks at the Boston data in the Money Magazine piece will see a startling median price of $363,000. Yup, the price of a tandem parking space in certain Boston neighborhoods.
What we learn from this, without even needing to scratch the surface in research, is the numbers are using all of Boston without consideration to the different neighborhoods. Yes, it's impossible for a national publication to break down a city by different neighborhoods, but isn't that what the Boston Globe pays its real estate writers to do? As often as I disagreed with what Binya wrote, at least he put some effort into it...
What we learn from this, without even needing to scratch the surface in research, is the numbers are using all of Boston without consideration to the different neighborhoods. Yes, it's impossible for a national publication to break down a city by different neighborhoods, but isn't that what the Boston Globe pays its real estate writers to do? As often as I disagreed with what Binya wrote, at least he put some effort into it...
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