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Trailer-like SFH sells for 140% of asking in Watertown

 
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Richthofen



Joined: 02 Apr 2014
Posts: 69
PostPosted: Fri Jun 26, 2015 2:56 pm GMT    Post subject: Trailer-like SFH sells for 140% of asking in Watertown Reply with quote
Image says it all.

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bsg61
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PostPosted: Sat Jun 27, 2015 8:05 pm GMT    Post subject: Seriously? Reply with quote
I think this could actually be for real, which is frightening.

Watertown is the next Cambridge?
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Richthofen



Joined: 02 Apr 2014
Posts: 69
PostPosted: Mon Jun 29, 2015 12:48 am GMT    Post subject: Reply with quote
I mean, its for real

https://www.redfin.com/MA/Watertown/7-Ellen-Ter-02472/home/11687289

Asked 419 and sold for 586k. And its basically a teardown in a pretty average part of watertown.
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PostPosted: Thu Jul 09, 2015 3:20 pm GMT    Post subject: Reply with quote
This is the direct effect of inflation/stagflation. Everyone just need to accept the new average price for SFH is 500,000 in Boston, and Average income will soon be 100,000. Think about it, when minimum wage get jack up to $12 buck an hour soon, that will justify the 30% home price increase.
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