Viewing a single comment thread. View all comments

aray25 t1_j26pv07 wrote

Reply to comment by mpjjpm in Osaka in Coolidge Corner is no more by 3720-To-One

Better than a bank.

26

mpjjpm t1_j26qig3 wrote

Absolutely. Only 5 units, and I’m sure they will be $1M+, but I’ll take whatever housing we can get.

15

some1saveusnow t1_j27v30k wrote

Damnnn we’re on a fast track to be SF

11

WilyDreamer t1_j2a9le8 wrote

I believe Boston is currently tied with SF as highest median rent for the country.

Edit. Tied with SF for the #2 slot, NYC being #1.

4

dvdquikrewinder t1_j29ephc wrote

I'm not sure there's actual benefit in creating more expensive housing though when affordable housing for people in general is the real problem

0

mpjjpm t1_j29kefu wrote

Among many other things, the severe housing shortage is driving prices up. There is a market for $1M condos, especially is an already expensive neighborhood like Coolidge Corner. These condos mean the older condos of similar size will drop in price (or at least stop increasing so dramatically).

This type of development is perfect for that spot - small scale infill sized to the available lot. Hard for NIMBYS to oppose it.

9

dvdquikrewinder t1_j29n53d wrote

I'll defer to your understanding, just seems surprising that adding more luxury housing would help. You're saying there's not enough supply for it?

2

mpjjpm t1_j29rxl4 wrote

I’m saying the housing shortage is so bad in the area that any new housing is good. People who can afford luxury housing will buy it, and leaves an existing non-luxury building available for someone else. Luxury infill development in neighborhoods that are already established as expensive places to live will help reduce gentrification in other parts of town. If we’re going to build new luxury condos, it’s much better to have them in Coolidge Corner than in Brighton.

8