Sold: One Parking Spot for $300,000

[Stuart G]

Source: MSNBC, AP

BOSTON - A real estate agent said a resident of Boston's upscale Back Bay section plunked down $300,000 to own what is believed to be the priciest parking space in the city's history.

Coldwell Banker Residential Brokerage agent Debra Sordillo told The Boston Globe that several residents of a building on Commonwealth Ave. bid for the coveted space, driving up what had been the original asking price of $250,000.


Read more: http://www.msnbc.msn.com/id/31314404/ns/business-real_estate/

[Indydem]

1. What recession? n/t

[Stuart G]

2. It sure isn't free parking anymore...nt

[Union Yes]

3. 2 Americas.

[Octafish]

10. What Union Yes said.

I wonder if said parking purchaser thinks he or she pays too much in taxes?

[Frustratedlady]

4. I trust the winning bidder isn't complaining about Obama's tax increase.

You could hire a chauffeur to pick you up at the door for less than that.

[Union Yes]

6. If he is complaining, I hope he keeps his car off our public roads.

Roads that lead to his 300K parking spot cost money to build and maintain.

Peace

[madaboutharry]

5. Can the parking spot be passed down in a will?

I wonder if the parking spot remains in the family.

[gratuitous]

7. It appears the buyer bought it

So yes, it could be bequeathed along with any other property when the buyer dies. If I ever did such a demented thing as buy a $300,000 parking space, I would hope that a relative or a concerned friend would shoot me in the temple, dead. I would have it coming.

[lxlxlxl]

8. That parking spot is worth more than ive earned since college.

At some point, people need to understand that force feeding the country the lifestyles of the rich and famous is not a good idea.

[imdjh]

9. Living proof that money doesn't mean you are smart.

The Globe reported that the seller of the parking the space is also trying to sell a two-bedroom suite in the building for $2.5 million.

So what he should have done is what they do here in Florida- "Large boatslip on Intracoastal - $560,000 (2 BR 2 ba condo with water view included)"

Now he has an overpriced condo with no parking space. Clever.

[ConcernedCanuk]

11. and the homeless are still digging through garbage to find enough to eat.

.
.
.

Nice balance we got here

"humans"

taking care of each other . .

yeah, right . .

rich abuse the poor,

what has changed in the last millennium or two?

OH - we can kill thousands with one push of a button ! ! !

progress . . .

(sigh)

[LeftinOH]

12. Boston has an excellent public transportation system- driving there is a total pain n/t

[Recursion]

13. Ah, the Back Bay

Remember, this neighborhood is one of the last refuges of the old-school rich-as-Croesus New England Republican, a species that has all but died out in other habitats. Coming from the South, I'm used to "old money" meaning "from before the war" -- it does in the Back Bay, too, but "the war" in this case is the French & Indian War.

[mainer]

14. Forget stocks. We should all be investing in parking garages.

Imagine if you could sell every parking stall for $100,000.