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(Boston.com)   Boring article about zoning law turns pleasantly schadenfreude-y when rich people complain that 8,400 square feet of undeveloped land is no longer worth $400,000   (boston.com) divider line 5
    More: Misc, Supreme Judicial Court, wealths, first receiver  
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2469 clicks; posted to Business » on 23 Feb 2013 at 5:10 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-25 12:11:36 AM
1 votes:

LemSkroob: And some of those property owners were hoping to put the value of their second lot toward retirement or a child's education, said Rogers, who added that the lots would be worth a minimum of about $400,000.

Remember when people bought a house with the only goal being living in it?


I'm 33 years old, and before the 'housing crash' (which I personally refer to as a reality check) I can't say that I do.

/So glad that market crashed
//Bought a nice house on an acre and am paying less on my mortgage than I did to rent a 1br apt
2013-02-25 12:07:05 AM
1 votes:
And some of those property owners were hoping to put the value of their second lot toward retirement or a child's education, said Rogers, who added that the lots would be worth a minimum of about $400,000.

Remember when people bought a house with the only goal being living in it?
2013-02-23 08:00:56 PM
1 votes:
rugman11
Step 1:  Pay lower taxes for decades because your second lot has been deemed "unbuildable."
Step 2:  Sell second lot to a developer who has greased some palms in the permits department so he can build on the "unbuildable" lot.
Step 3:  Profit!

thats almost 100 years of lower taxes. i've seen these garages have a history of being an auto repair garage or light manufacturing before ww2 but the family doesn't talk about it. toxic stuff  you don't even want to think about have been dumped and buried on the lot. the buyer doesn't bother to have every test under the sun done on the property and the shiate really hits the fan.
2013-02-23 07:10:58 PM
1 votes:
Step 1:  Pay lower taxes for decades because your second lot has been deemed "unbuildable."
Step 2:  Sell second lot to a developer who has greased some palms in the permits department so he can build on the "unbuildable" lot.
Step 3:  Profit!
2013-02-23 07:09:54 PM
1 votes:

Gosling: But that's truly the saddest part of this!


The truly sad part is the registration needed to read the article.
 
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