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| Thursday, November 06, 2008 |
| No broadband? No Sale! |
The Boston Globe article: Home buyers may be swayed by slow Internet connection reports that a homes access to broadband is becoming a big factor in its sale-ability. In less than a decade, broadband has gone from a luxury to a must for many people, and for some of them, it's started to influence their real estate decisions. Homes that have broadband are winning out over more remote ones that don't. Areas with better and faster broadband are becoming more desirable.
Edward Redpath, a real estate broker in Hanover, N.H., said he has seen deals fall through once the buyer realizes a home doesn't get broadband. "We have a lot of people that don't go into the rural neighborhoods or consider the rural neighborhoods because they need the broadband."
There are several intersecting trends at play. One is that our reliance on broadband is increasing. About 55 percent of Americans have broadband at home, according to a recent survey from the Pew Internet and American Life Project - although more people have service available to them and don't buy it. |
| posted by Boston Gal @ 7:42 AM *
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| 5 Comments: |
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I'll admit, my bf and I can't do without broadband, period. We almost lost our marbles when we lost our broadband earlier this year.
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And? I would be fired if I did not have broadband at home. I have to have the ability to work from home. However, some companies are paying for cell phones for computers, and letting people use those. My blackberry allows me to dial in with that with near broadband speed, and then they don't have to pay for broadband and a cell phone for me.
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Not even a question. No way I buy or rent anywhere that doesn't have broadband access.
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Mr. M would be lost! Seriously that boy spends all his time on the computer. I'd never thought of it as a consideration before, maybe cause we live in the heart of the city.
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yup, i'm not buying a house if it doesn't have fios access and if the cell reception sucks.
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I'll admit, my bf and I can't do without broadband, period. We almost lost our marbles when we lost our broadband earlier this year.