Boston rents are falling, the Fed just hiked, and Seth and Nick still found time to blind-rank Boston's top 10 steakhouses.

In this episode:

• Why the Fed rate hike does not set mortgage rates, and why a multi-year temporary buydown beats a price cut
• 45 active listings, condo rents down 10 to 20 percent, and 2021-2022 buyers now short selling
• Seth's $20K buyer savings guarantee idea for renters in Boston's luxury buildings
• Nick's bad deal: a pool heater, a 2,500-brick chimney and a buyer who walked
• The 8 a.m. showing, a lowball offer, and how buyer agency agreements and commissions really work in Massachusetts
• Blind-ranking Boston steakhouses, Hawksmoor Seaport, and Underrated vs. Overrated: pumpkin spice, lobster rolls, apple picking, NFL overseas

Chapters:

00:00 Cold open: sleep hacks and the Blue Line 10:13 Hawksmoor Seaport and the reserved bar seat problem 19:50 Blind-ranking Boston's top 10 steakhouses 38:04 The Fed rate hike and mortgage rates 40:53 Temporary buydowns vs. price cuts 43:59 45 listings, falling rents and short sales 48:16 Existing home sales hit a new low 51:00 70,000 Massachusetts sales a year and part-time agents 54:26 The $20K buyer savings guarantee 1:01:44 Bad deal: pool heater and 2,500 bricks 1:05:20 The 8 a.m. showing and a lowball offer 1:09:54 Buyer agency agreements and commissions, explained 1:16:04 An off-market sale and "just because it was fast" 1:17:57 Underrated vs. Overrated

Hosted by Seth Williams (Reference Real Estate, sellinboston.com) and Nick Nardone (real estate and condo attorney).

Bad Deals Only is for entertainment only and is not legal, tax or financial advice. Explicit language.