Parking lots are the new real estate

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**Breotan**

So, apparently on the East coast of the USA, rent is too darned high. We already knew this. Now it's making news what people are paying to get "dedicated" parking spaces in the city.

http://news.yahoo.com/boston-woman-pays-560-000-2-parking-spots-124424037.html?vp=1

Boston woman pays $560,000 for 2 parking spots

Associated Press – 3 hrs ago

http://media.zenfs.com/en-US/video/video.cbsboston.com/d0a313bc31983037a32f3fc8edde368f

BOSTON (AP) — Parking is such a precious commodity in Boston that one woman was willing to pay $560,000 for two off-street spaces near her home.

Lisa Blumenthal won the spots in the city's Back Bay neighborhood during an on-site auction Thursday held in a steady rain by the Internal Revenue Service. The IRS had seized the spots from a man who owed back taxes.

Blumenthal, who lives in a multimillion-dollar home near the parking spaces, tells The Boston Globe (http://b.globe.com/13KqntI ) she didn't expect the bidding to go quite so high for the spots she says will come in handy for guests and workers.

The record for a single spot in Boston is $300,000.

The median price of a single-family home in Massachusetts is $313,000.

___

Information from: The Boston Globe, http://www.boston.com/globe

**daedalus**

I don't think I would own a vehicle if I lived on the east coast.

Don't you guys have remarkable public transport, or something?

**Jihadin**

Depends on where you live.

**Breotan**

And whether you consider Taxis to be public transport or not.

**generalgrog**

Baltimore's public transit is actually pretty good. Cost of living is astronomical though!!

GG

**Ouze**

I never owned a car when I lived in NYC. More hassle than convenience. Can't speak for beantown, though.

**Relapse**

The. Lady owns a multi million dollar home but pays over a half mil just to park on the street? Sucks to live in that neighborhood.

**azazel the cat**

Relapse wrote:The. Lady owns a multi million dollar home but pays over a half mil just to park on the street? Sucks to live in that neighborhood.

No, I'm willing to bet it's actually quite nice to live in that neighbourhood.

**KalashnikovMarine**

I'm sure she has personal for her vehicles, she said the spots were for guests and workers. *shudders and gags* I really hope I don't end up living in a major city once I leave Denver...

**DIDM**

in Japan people build on the space of a parking space

http://www.youtube.com/watch?v=s8Q2G_MCwSo

**KalashnikovMarine**

I'd have gone for a fourth tiny floor.

Still can't believe that ran for 500k US

That'd get you a pretty nice set of digs here.... I don't think my parent's house (which sits on a large chunk of land, has four bedrooms, etc) was more then $300,000

**whembly**

KalashnikovMarine wrote:
I'd have gone for a fourth tiny floor.

Still can't believe that ran for 500k US

That'd get you a pretty nice set of digs here.... I don't think my parent's house (which sits on a large chunk of land, has four bedrooms, etc) was more then $300,000

Yup... like this place. (Seriously, check out the pics, couldn't believe you'd get all that for the asking price).
http://www.zillow.com/homedetails/3417-Douglas-Rd-Florissant-MO-63034/2584649_zpid/
Better pics: http://www.realtor.com/realestateandhomes-detail/3417-Douglas-Rd_Florissant_MO_63034_M76749-69530?row=10#modal_PhotoGallery

**Tannhauser42**

Ah, the lives of the filthy rich. I remember reading a story about the owners of a multimillion dollar home in San Francisco buying the multimillion dollar home next to them just to demolish it so they could improve their view of the bay...

**KalashnikovMarine**

Tann NOW THAT is what I call opulence! I hope they put in a gorgeous zen garden and pool or something at least.