North Shore Overpriced

[kickstand]

The true indicator of this housing turn is the fact that some folks are leaving Dutchess county and returning to Westchester because they are better able to afford that county now. That's a total reversal of the trend for the past 10 years.

not to hi-jack, BUT......
you heading out to the Dutchess County Fair next month? My father-in-law has a booth there.

back on track.....

there was an article, in the Boston Globe I think, about how companies are still building large office buildings despite the fact there are so many empty ones in the greater Boston area. That seems a little odd to me. I didn't read the article so I don't know if there was an explanation, but does this make sense to anyone?

 

[JimG.]

not to hi-jack, BUT......
you heading out to the Dutchess County Fair next month? My father-in-law has a booth there.

Certainly a possibility, more so now that I remember that your family has a booth.

 

[riverc0il]

there was an article, in the Boston Globe I think, about how companies are still building large office buildings despite the fact there are so many empty ones in the greater Boston area. That seems a little odd to me. I didn't read the article so I don't know if there was an explanation, but does this make sense to anyone?

when i lived on the northshore, there were a few business lease buildings that went unused during practically my entire three years down there. but down the road in woburn, they couldn't build up commercial drive quick enough. weird.

 

[ChileMass]

There are several new business/office buildings going up in the 'Boros area west of Boston. Perhaps there's been a small slowdown in commercial real estate development in this area, but not much.

 

[Marc]

I'm just glad I'm in the minority when it comes to housing location preference.


I couldn't stand to live that close to so many other people. I need space, not crowds. The further you are from populace, the more freedom you have. I can deal with the "inconvenience" of having to drive 15 or 20 minutes to the grocery store. Just leave me alone.

Being in the mintority means I'm seeking something in relatively low demand- which means low price, woot.

 

[JimG.]

Being in the mintority means I'm seeking something in relatively low demand- which means low price, woot.

Don't be so sure about that...I live an hour and a half north of NY City in Dutchess county.
My neighborhood is a combo of farmland and streamfront property. The farms are all over 100 acres and streamfront property like mine is zoned to be a minimum of 5 acres and you have to own on both sides of the river. There's plenty of room there and it is well north of Westchester county where homes average over a million dollars and taxes are just plain stupid.

Yet the average cost of an existing home on the market is over $600,000 and anything new is $750,000 minimum.

 

[Marc]

Don't be so sure about that...I live an hour and a half north of NY City in Dutchess county.
My neighborhood is a combo of farmland and streamfront property. The farms are all over 100 acres and streamfront property like mine is zoned to be a minimum of 5 acres and you have to own on both sides of the river. There's plenty of room there and it is well north of Westchester county where homes average over a million dollars and taxes are just plain stupid.

Yet the average cost of an existing home on the market is over $600,000 and anything new is $750,000 minimum.

Ok, but I'd say that's an exception to the rule.


The rule is clearly more populated = higher land/property values, no questions.


Of course there are exceptions, but 50 acres in the NEK will not be even close on the average day to costing what 50 acres would in metro Boston.

 

[riverc0il]

Of course there are exceptions, but 50 acres in the NEK will not be even close on the average day to costing what 50 acres would in metro Boston.

that is really an unfair comparison, but marc makes a solid point that jimg's example is an exception. how many 50 acre lots are even available in the metro boston area? dime a dozen up here. price is generally relative to proximaty to metro areas because most people work in the city and there is a commuting point at which most people won't want to do. the further from the city, the less good jobs and good wages you can find, so prices reflect accordingly since demand is lower and supply is much more abundent.

 

[Marc]

that is really an unfair comparison, but marc makes a solid point that jimg's example is an exception. how many 50 acre lots are even available in the metro boston area? dime a dozen up here. price is generally relative to proximaty to metro areas because most people work in the city and there is a commuting point at which most people won't want to do. the further from the city, the less good jobs and good wages you can find, so prices reflect accordingly since demand is lower and supply is much more abundent.

LIFE IS NOT FAIR!


:dunce:


[/Marc's dad]