Hat tip to BMGs Ryepower for bringing this item to my attention. From today’s Globe:
A house on Foskett Street in Somerville has just become the most expensive single-family home ever purchased in the city, according to property records on the area’s Multiple Listing Service, a real estate information network. The 4-bedroom, 4 and a half-bath house at 32 Foskett St. sold on Friday for $1,725,000, which Curbed reports is several hundred thousand dollars above the asking price of $1.5 million. The home is a Colonial built in 1920 and comes with a two-car garage.
No offense to SomervilleTom or other denizens of that fine city, but there is no freakin way that kind of house should fetch that kind of price. My own old home shouldn’t sell for 990k, but that’s what the flipper we sold to is asking for. Something isn’t right. We need to build more homes and build more densely. We may need to build upward and reconsider zoning laws, but something has to change.
This conversation of two thirty something Somerville residents who moved to Austin was awfully close to one my fiancee and I had when we were in that fine city. Man, this place is as cool as Davis Square and we could actually afford to live here! And it’s 80 all year round with great BBQ to boot. Now, I don’t want to abandon my roots and I want to get elected in Massachusetts, my home, not pretend to be someone else in Texas. But these terrible costs on top of the mess of the MBTA are not helping me make my case to the misses that this is where we belong. Who knows how many young people and natives we keep losing? We already lost one congressional district, can we afford to lose another? Do we want to be the People’s Republic of Zuckerstan? Do we want to outsource the poor to exurbs that can’t help them?
We have to reform our zoning and we can make housing more affordable and build more urbanized and sustainable communities. It’s not hard. We just need to find the will.