Boston’s South Shore is home to two varieties of money mysteries. There’s a big, almost unsolvable whodunit. Then there are thousands of smaller cliffhangers easily solved if the gumshoes kept the legwork simple.
Home 'n' hearth
Diners in Boston’s beloved North End are almost guaranteed a great meal. There are so many places to choose from and the competition among restaurants is fierce. If a chef doesn’t make mouth-watering entrees, customers can easily flock to the highly rated place next door. This sets the culinary bar astronomically high. While you can only choose one restaurant for a meal, the abundance of choice reduces the risk your palate will be disappointed.
Many of the buildings sit on wooden pilings that only rot when exposed to dry conditions. The Beacon Hill Times reports on nascent concern in the area about the pilings.
I’ve always wondered how Sir Isaac Newton, one of the smartest men that ever lived, lost a fortune in the stock market. I went back to school early this year and found out.
Industries have a life cycle just like humans . Like a person’s childhood, teenage years, adulthood and golden years, industries have distinct life stages. A local example is the Nantucket whaling industry. Let’s review the lifecycle.
1659: Nantucket settled.
1752: Start up stage. Whaling voyages begin. The market for clean burning whale oil is small but growing. Industry profits are negative and large amounts of capital are required to build ships and train mariners.
1760-1789: Growth stage. In this stage capital requirements are still high, but sales grow rapidly and profits are positive.
Paragon Park had a gaudy fortune telling machine in its arcade. It was called Grandma’s Prophesies and it looked like a heavily made up corpse laid out in an upright casket. But deposit fifty cents though and good old grandma sprung to life. Light bulb eyeballs lit up, the creaky head spun, and her fiberglass hands moved over a glowing crystal ball. The mystical music added to the experience along with the scents of fresh cotton candy and the Nantasket sea breeze. When grandma finished with her plexi glass enclosed gyrations, a fortune card was dispensed. The card was supposed contain to wisdom that only she could see.
The doorbell has an eerie echo tonight, as if it’s vocalizing your disdain for what is happening next. After years of procrastination you finally decided to meet with a financial planner. Retirement is on the horizon and you need to make the most of your savings.
As the clean-cut advisor crosses the threshold you notice his expensive designer clothing. With impeccable manners he makes eye contact as he firmly shakes your hand. Then, he even goes so far as to compliment the interior decorating of your humble home. That’s exactly the sing-song you expected and the rock in your stomach only grows.
Most people struggle to pick a career. It’s considered a stroke of good luck if someone finds their vocation, a job that they truly enjoy. I do consider myself a lucky man, but I wouldn’t exactly say the leprechauns were looking out for me the day I started on my career path. I’m also not sure that I found financial planning. Maybe it found me.
For the second time in a little over a month, the Back Bay Architectural Commission has rejected a request by Steve and Judy Pagliuca to turn the basement of 352 Marlborough St. into a garage. Read more.
Mayor Walsh today announced a $7.5 million loan fund to help "investor owners" buy multi-family units - with the condition they maintain at least 40% of the units as "affordable" for 50 years. Read more.
The Supreme Judicial Court ruled today that a landlord who never gave a tenant a receipt for her $1,300 security deposit, let alone pay her interest on it, will have to try again if he wants to evict her from her Dorchester apartment. Read more.
Boston Displacement is a site that's started showing where tenants are being displaced by gentrification - specifically by landlords seeking to clear out units.
The Suffolk County District Attorney's office and Boston Police report they are looking at "several incidents" involving people who made payments for apartments advertised online that were not, in fact, available for lease.
After making payments for apartments advertised on sites such as Craigslist: Read more.
BuzzFeed looks at gentrification in Chinatown through through the lens of two sisters forced out of their apartment.
Meanwhile, a City Council committee holds a hearing at 4 p.m. today on a proposed "just-cause eviction" ordinance that would require landlords to state reasons for evictions - and mediation for large rent increases. The hearing will be in the council's fifth-floor chambers in City Hall.
WBUR reports on proposals by the city Housing Innovation Lab to get more housing built for families that earn between $50,000 and $125,000 a year. One idea is to give builders the right to build more total units if more of them are marketed as affordable:
The lab is working with the Boston Redevelopment Authority planning areas in Jamaica Plain/Roxbury and South Boston to carry this out.
The Globe posts a database of the more than 3,500 Boston addresses that are connected to BWSC water mains with lead pipes - which means occupants should probably let their water run for a bit first thing in the morning.
The Crimson reports; adds the author of the study isn't sure if that's a one-time blip or not.
A surveying contractor hired by the city should start sending crews into the Grove in a couple of weeks to try to mark out the exact borders between land owned by the Department of Neighborhood Development and residents.
The work in one of Boston's more unusual neighborhoods - where many of the roads remain unpaved and residents still use septic systems - is nothing sinister, Chris Rusk, Mayor Walsh's liaison to West Roxbury, told a meeting of the West Roxbury Civic and Improvement Association. Read more.
The Boston Business Journal reports monthly rents continued to increase even as vacancy rates have been inching up due to new construction. New York, San Francisco and San Jose still have higher average rents.
ALL I WANT FOR CHRISTMAS IS A BETTER WORLD NEXT YEAR
SAFETY, PEACE, LIFE, LIBERTY,
THE THINGS I HOLD DEAR
LESS VIOLENCE, MORE CHEER
MORE FAITH, LESS FEAR
HOPE FOR THE MASSES
DREAMS COMING TRUE
HOPE FOR THOSE THAT FEEL HOPELESS
I KNOW SOME, DO YOU?
ALL I WANT FOR CHRISTMAS IS A BETTER WORLD NEXT YEAR
LOVE, UNITY, COMPASSION AND JOY
MY WISHES, ARE THEY SELFISH, NOT FOR MATERIAL THINGS, OR WEALTH?
I’M THANKFUL NOW FOR SHELTER, FOOD, AND A PORTION OF GOOD HEALTH!
BEST WISHES FOR YOUR GOOD WANTS….. AS WE ANTICIPATE THE NEW YEAR!