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$2 Million in Arlington???
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PostPosted: Mon Jul 02, 2018 12:51 pm GMT    Post subject: Reply with quote

Anonymous wrote:
https://www.redfin.com/MA/Arlington/22-Spy-Pond-Pkwy-02474/home/8406953

$1,300,000, 3 Beds, 1.5 Baths, 2,448 SF.

It’s refreshing to see a selling price below the asking price. Is this a start of a trend?
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Guest






PostPosted: Mon Jul 02, 2018 3:14 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
https://www.redfin.com/MA/Arlington/22-Spy-Pond-Pkwy-02474/home/8406953

$1,300,000, 3 Beds, 1.5 Baths, 2,448 SF.

It’s refreshing to see a selling price below the asking price. Is this a start of a trend?


Lol, it sold at 95% of an audacious asking price. It's a pretty bad buy, IMO. $1.3M and it doesn't even have a 2nd full bath! And the kitchen is shit. And it's separated from a 4-lane highway by two lots and a service road.

I get the appeal of Arlington, but this one's ridiculous. I could see this selling for $900K because it's waterfront and a big lot (for Arlington), plus walkable to Alewife. Hell, maybe even $1M. But $1.3M is nuts.

I remember when $1M bought you a *nice* huge house. Those days are gone.
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PostPosted: Tue Jul 03, 2018 1:23 am GMT    Post subject: Reply with quote

I don't get the big appeal of Arlington. It's ok, but there's nothing special about it. I haven't figured out why people want to pay such high prices to live there.
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PostPosted: Tue Jul 03, 2018 1:07 pm GMT    Post subject: Reply with quote

Anonymous wrote:
I don't get the big appeal of Arlington. It's ok, but there's nothing special about it. I haven't figured out why people want to pay such high prices to live there.


Great commuter location, especially to Cambridge, but even to Boston & 128 corridor. Good schools. Walkable, bike path through town, & public transportation. Retains elements of the urban Cambridge/Somerville culture and is a natural destination for well-to-do young techies with kids.
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PostPosted: Tue Jul 03, 2018 9:20 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
I don't get the big appeal of Arlington. It's ok, but there's nothing special about it. I haven't figured out why people want to pay such high prices to live there.


Great commuter location, especially to Cambridge, but even to Boston & 128 corridor. Good schools. Walkable, bike path through town, & public transportation. Retains elements of the urban Cambridge/Somerville culture and is a natural destination for well-to-do young techies with kids.


For $1.3M, I'd rather be in Cambrigde, Somerville, or Brookline. Arlington is
very ordinary in my opinion.
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dony_b



Joined: 10 Jul 2018
Posts: 2
Location: Boston, MA

PostPosted: Tue Jul 10, 2018 3:19 pm GMT    Post subject: Reply with quote

Arlington prop taxes are not peanuts either.
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PostPosted: Wed Jul 11, 2018 7:45 am GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
This flipper is bold, including the sqft of the finished attic and basement to make the house seem larger. 1.8 mil is a lot for a small house.

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159

https://www.redfin.com/MA/Arlington/50-Fairview-Ave-02474/home/8425159/mlspin-72135227


Photos of the attic and basement both look decent. I don't see why they should be excluded from the SF. I have a finished basement and a finished attic, both with baths and high ceilings, that space gets used a lot.

Would I buy this house for $1.8M? No way, the location doesn't work for me. I want to be walkable to conveniences. But other buyers will want waterfront and a short commute to Boston. This fits the bill. The house will sell at $1.5M or above, in my estimation. The flipper walks away with a six-figure profit for his troubles.


Sold for a cool $1.9M.
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PostPosted: Wed Jul 11, 2018 12:41 pm GMT    Post subject: Reply with quote

https://www.redfin.com/MA/Arlington/19-Westmoreland-Ave-02474/home/8430066

Listed $820K, sold $940K. 3 Beds 1.5 Baths 2,012 SF. Oof. Shitty lot, too.
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PostPosted: Wed Jul 11, 2018 8:57 pm GMT    Post subject: Reply with quote

Isn't it amazing how dumb people are? Every 10 years it's the same shit. Idiots eventually drive costs 30% too high, then it corrects. The fun part will be when there is no bail out this time. Bend over dumb fucks. Hee Hee
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PostPosted: Wed Jul 11, 2018 11:29 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Isn't it amazing how dumb people are? Every 10 years it's the same shit. Idiots eventually drive costs 30% too high, then it corrects. The fun part will be when there is no bail out this time. Bend over dumb fucks. Hee Hee


Show me data from the last bubble consistent with a 30% correction in any desirable town in metro Boston. No assertions, please. Just data.
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PostPosted: Thu Jul 12, 2018 2:17 am GMT    Post subject: Reply with quote

[quote]Show me data from the last bubble consistent with a 30% correction in any desirable town in metro Boston. No assertions, please. Just data.
Quote:


Look it up yourself. It isn't that hard(even for you mentally challenged types)
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Guest






PostPosted: Thu Jul 12, 2018 2:47 am GMT    Post subject: Reply with quote

[quote="Anonymous"]
Quote:
Show me data from the last bubble consistent with a 30% correction in any desirable town in metro Boston. No assertions, please. Just data.
Quote:


Look it up yourself. It isn't that hard(even for you mentally challenged types)


Desirable towns did not correct at 30% during the last correction.
The data for it does not exist.
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Guest






PostPosted: Thu Jul 12, 2018 2:47 am GMT    Post subject: Reply with quote

[quote="Anonymous"]
Quote:
Show me data from the last bubble consistent with a 30% correction in any desirable town in metro Boston. No assertions, please. Just data.
Quote:


Look it up yourself. It isn't that hard(even for you mentally challenged types)


Desirable towns did not correct at 30% during the last correction.
The data for it does not exist.
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Guest






PostPosted: Thu Jul 12, 2018 3:13 am GMT    Post subject: Reply with quote

Anonymous wrote:


Desirable towns did not correct at 30% during the last correction.
The data for it does not exist.


Here is one in Newton at 20% off. Was not wide spread though. list 950k, sold 750k in 2009

Maybe it was way overpriced, I don't know...

https://www.redfin.com/MA/Newton-Centre/22-Morseland-Ave-02459/home/11413224
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Guest






PostPosted: Thu Jul 12, 2018 11:21 am GMT    Post subject: Reply with quote

There is ample data to choose from to show the declines. This guy seems to be arrogant and doesn't have a clue. Real-estate corrected 30%(yes in your so called good areas) in 2009 and in 1987 as well. After 1987 we saw a prolonged down turn which is what should have happened in 2008 but for the Fed giving us this fake economy. Next turn down, this Fed, Trump's Fed, will not print free money and fuck it's citizens like the last group of academic, Jew, Bank ball sucking scum

Administrator's note (since my response is on the next page): antisemitism is not allowed and anti-Semites are not welcome.
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