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Old 12-19-2017, 12:16 PM   #1
TheRifleman
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Real Estate prices

The real estate prices in Cambridge are insane.

Quote:
Properties at 17-41A Brattle Street in Harvard Square Cambridge will sell for over 100Million. Charlotte-based Asana Partners said it purchased the cluster of buildings on 1-8 and 17-41A Brattle St., which house several businesses — including Black Ink gift shop, Cardullo’s Gourmet Shoppe, and Flat Patties restaurant. It’s the company’s first local acquisition
https://www.bostonglobe.com/business...M1I/story.html

I would say the Mom and Pup stores are going to be obsolete in these areas.

These real estate price #'s are astronomical.

NO INFLATION?
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Old 12-19-2017, 02:26 PM   #2
Arlington
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Re: Real Estate prices

Also as reported in the unpaywalled Cambridge Day.

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Originally Posted by TheRifleman View Post
The real estate prices in Cambridge are insane.
https://www.bostonglobe.com/business...M1I/story.html
I would say the Mom and Pup stores are going to be obsolete in these areas.
Strikes me as quite sane: a rare object that produces decent income now and at some point could probably have additional density stacked on top of it (maybe at the back of the lot, not visible from the nearest sidewalk, or something sensitive to deco or brick context at the streetwall).

It is hard to imagine properties that are better long-term places to park money than land this close to Harvard and the Red Line. Kinda like the Harbor Garage (without the risk of sea level rise).

To me, it also shows the unfortunate side of not having a land tax (based on proximity to transit) but instead having a property tax (that encourages people to keep [undersized], depreciated buildings on transit-accessible land)

As for "mom & pop" stores, sure, the world of retail is changing thanks to Amazon and other have-it-delivered / don't-leave-your-house options that people have for getting stuff and media. The stores that survive will likely be selling either highly unique stuff, food-and-perishables, or impulse buys
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Old 01-03-2018, 11:54 AM   #3
TheRifleman
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Re: Real Estate prices

Muti-families for sale
Everett 650K for 2 Family's
Chelsea 750K for 3 unit
Malden 689K 3 Unit
Chelsea 1.35 Million 6 Unit

These areas are about 50% section 8?

This is INSANE
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Old 01-24-2018, 09:44 AM   #4
TheRifleman
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Re: Real Estate prices

REAL ESTATE---BUY BUY BUY----Everett, Chelsea, Revere, Lynn, Malden will become unaffordable real soon
The push coming from all directions: Wynn Development, the hype of Amazon, along with Cambridge, Somerville, Medford, East Boston, Charlestown----Million dollar properties

Once a blue collared surrounding areas have become the millionaire haven to the city of Boston.

No inflation in Boston---Low interest rates forever.
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Old 01-24-2018, 11:10 AM   #5
tysmith95
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Re: Real Estate prices

Quote:
Originally Posted by TheRifleman View Post
REAL ESTATE---BUY BUY BUY----Everett, Chelsea, Revere, Lynn, Malden will become unaffordable real soon
The push coming from all directions: Wynn Development, the hype of Amazon, along with Cambridge, Somerville, Medford, East Boston, Charlestown----Million dollar properties

Once a blue collared surrounding areas have become the millionaire haven to the city of Boston.

No inflation in Boston---Low interest rates forever.
Lol I hope this isn't a serious post. You make it sound like a bubble.

Anyway, how the hell will a casino raise property values?
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Old 01-24-2018, 11:55 AM   #6
TheRifleman
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Re: Real Estate prices

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Originally Posted by tysmith95 View Post
Lol I hope this isn't a serious post. You make it sound like a bubble.

Anyway, how the hell will a casino raise property values?
Wynn has actually been buying up all the residential properties on 99 an area in Everett called the Line for very generous prices.

https://www.bostonglobe.com/metro/re...YWM/story.html

Its not the casino its everything surrounding Boston, Cambridge and Somerville is so priced out of whack that anything 10Mins from the city is becoming priceless

I feel bad for hardworking families that don't own anything near Boston.
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Old 02-07-2018, 02:51 AM   #7
Jouhou
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Re: Real Estate prices

Boston isn't in a bubble. It's a simple case of demand being greater than supply. It's why many of us cheer on dense residential development and tend to favor it over other types of development despite being here for the architecture. While the most intriguing buildings around the world tend to be commercial, what the region desperately needs is residential and we all know it.

Also rifle, um. I'm not sure you understand the relationship between inflation and "interest rates"
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