ST Alpha - "Here's what I'm wondering: Wouldn't the buyer be totally screwed if someone decided to simply build a structure nearby? -- nm" (Reading a Post)

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In response to "City folk are crazy." by JaxSean

Here's what I'm wondering: Wouldn't the buyer be totally screwed if someone decided to simply build a structure nearby? -- nm

Posted by con_carne Jun 11 '09, 12:52

(No message)

Responses:

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

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