buy a blog name about something you like to talk about or possible create a site on your boston blog that lets people from boston post home town comments. Good luck
Most domainers make initial investments that are ah, not good. I hope that is the case for you.
There is a LOT of good information here in the Domain Newbies section. I don't agree with all of it, but I do agree with most of it. I suggest you soak up everything here first and also do some searches for things you want to learn more about and you will get advice from many that have done it, or at least tried to.
I have started telling new people that if you don't have a clear idea of what you are going to do with a domain, DON'T BUY IT! In general, domains are easy to buy, but hard to sell/monetize.
If you think you need a good name to develope and monetize, you are mistaken. The first expired domain that I bought back in 2004 was Bizprolink-Internet.com. Yes, it is really bad. But the site I built is one of my top money-makers.