An 88-year-old, longtime developer in the Boston area — with a portfolio of 5,500 residential units and 2.5 million square feet of commercial space worth $1.4 billion — says he is stumped, for the first time in his long career, by the current housing landscape in Boston.

The region’s booming market, with the rentals’ portion spurred by a scrappy startup scene and other recent deals that saw a runup in prices Harold Brown says feel “bubbly,” has the experienced octogenarian developer questioning just where the market is headed.

“It is the first time I can’t predict,” whether it’s a good time to buy or sell, Brown told the Boston Globe.

Source: Boston Globe

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