---
title: Boston Real Estate Market vs. The Recession
description: And in this corner wearing the red trunks.....weighing in at 800 lbs......The Business Killer Recesssssionnnnn      And in the other corner wearing n
---

[CHARLESGATE Blog ](https://www.charlesgate.com/blog)

# [Boston Real Estate Market vs. The Recession](https://www.charlesgate.com/blog/bid/10947/boston-real-estate-market-vs-the-recession)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Nov 5, 2009 5:00:00 AM

And in this corner, wearing the red trunks.....weighing in at 800 lbs......The "Business Killer" Recesssssionnnnn

 

And in the other corner, wearing no pants at all, the undisputed 3rd highest priced market in America......The Boston "Hub of the Universe" Reeeeeeaaaaal Estate Market.

 

 

I can hear Michael Buffer now: "Let's get ready to rumble....."

 

What has the recession brought:

 

10% unemployment

Ballooning federal deficits

GDP negative of XYZ%

Net worth of Americans lost $3T

 

 

Where the market is:

 

-20% off peak

 

[View full post](https://www.charlesgate.com/blog/bid/10947/boston-real-estate-market-vs-the-recession)

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