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SITWAP: New record set in Boston for the price of a parking spot. -- (link)

Posted by TFox Jun 11 '09, 12:47

(No message)

$300,000 (www.boston.com)

Responses:

maybe if I could park myself under jlhew - dogbert183 Jun 11, 12:56
I'm trying to figure out how many billion I would have to be worth before money meant that little me. - Subversive Jun 11, 12:51 11
- I think it's more a matter of how much parking near your home is worth. - the wrong element, bad guy Jun 11, 13:01 7
  - If I could afford $2.5 million for a place, I'd find one that included parking, or even maybe a garage. -- nm - Subversive Jun 11, 13:06 6
    - Well, the $2.5M place did have one parking space included. - the wrong element, bad guy Jun 11, 13:12 1
      - Don't worry. Buying that place takes care of any "extra" money you may have had for a car. -- nm - psilotum Jun 11, 13:30
    - Mine would have a helicopter pad on the roof. -- nm - Spawn Jun 11, 13:08 3
      - and laser turrets and a mote, with sharks and alligators and a drawbridge... -- nm - decline Jun 11, 13:13 1
        
        just buy an island lair in the Pacific Northwest, and that will obviate the need for most of those -- nm - Beryllium Jun 11, 13:38
      - Now you're talking! -- nm - Subversive Jun 11, 13:10
- Admittedly, it is "land," and it obviously is appreciating. -- nm - JaxSean Jun 11, 12:55
- See, I would pay someone to figure that out for me. nm - Dignan Jun 11, 12:54 1
  - $50,000,000 and up. I take cash only, now pay up. -- nm - JaxSean Jun 11, 12:57
there was one here a few years ago that went for $219k, don't know what they're going for these days. -- nm - znufrii Jun 11, 12:50
City folk are crazy. - JaxSean Jun 11, 12:50 22
- Here's what I'm wondering: Wouldn't the buyer be totally screwed if someone decided to simply build a structure nearby? -- nm - con_carne Jun 11, 12:52 13
  - good luck getting the zoning approval to build a parking garage in the middle of Back Bay. -- nm - znufrii Jun 11, 12:57
  - Why? The spot (I'm assuming) is a plot of land now owned by the buyer. -- nm - JaxSean Jun 11, 12:54 11
    - Just that the space's value would go down. Or, if a bit of space were cleared for spaces, no? -- nm - con_carne Jun 11, 12:58 2
      - It's hard to imagine them knocking down buildings for parking. - JaxSean Jun 11, 12:59 1
        
        especially in that neighborhood. -- nm - znufrii Jun 11, 13:02
    - The value is due to a scarcity of parking. If parking becomes more plentiful, the value drops. - TWuG Jun 11, 12:58
    - I doubt it. I bet the buyer simply owns the rights to park there. -- nm - Subversive Jun 11, 12:56 6
      - That would kick the "that's crazy" quotient a lot higher for me, then. -- nm - JaxSean Jun 11, 12:58
      - i haven't read the article but i bet he owns the space. -- nm - Andie Jun 11, 12:57 4
        
        The article doesn't make clear which he owns. I just find it amusing that cities let land get chopped up that small and sold off. - TWuG Jun 11, 13:01
        
        It doesn't really say. -- nm - Subversive Jun 11, 12:59 2
        
        well, here you do. -- nm - Andie Jun 11, 13:00 1
        
        Yes, that's just my gut feeling on the matter. -- nm - Subversive Jun 11, 13:02
- of time to take public transit. - ty97 Jun 11, 12:51 7
  - In some cities, that's not a very good option. - the wrong element, bad guy Jun 11, 12:54 4
    - people bitch about public transit systems the way they bitch about traffic. - ty97 Jun 11, 12:57 3
      - I would use it in all the places you mentioned. - the wrong element, bad guy Jun 11, 13:21
      - If you can afford $300,000 for a parking space, I'm thinking public transit is not even on the radar. -- nm - Subversive Jun 11, 13:00 1
        
        true, I'm not providing advice to the rich and crazy here. - ty97 Jun 11, 13:02
  - *ding* -- nm - znufrii Jun 11, 12:54 1
    - there's 1 bus here... for all routes.. -- nm - colin Jun 11, 13:09
wow, crazy. i thought the $25,000-$30,000 with new condos here was insane. -- nm - Andie Jun 11, 12:49 1
- not that I'd pay it, but this doesn't seem too unreasonable to me. - mafic Jun 11, 12:58
Oddly, the buyer has a Honda Civic -- nm - Guigue Jun 11, 12:49
I half expected this to be a spot near Fenway. :) -- nm - kelly Jun 11, 12:49
I could buy two decent houses here for that. -- nm - nubby Jun 11, 12:48 3
- my house, my neighbor's house, the vacant lot next to us, and the garage apartment are for sale for that. -- nm - crabs love mandy lane Jun 11, 12:51
- or like thirty in detroit. does detroit have decent houses? -- nm - mafic Jun 11, 12:49 1
  - Yes, but not decent neighbourhoods. -- nm - Subversive Jun 11, 12:54

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