tag:blogger.com,1999:blog-11031470.post5784027780501933686..comments2023-12-09T03:40:55.044-05:00Comments on Allston Brighton Community Blog: More Allston in-fill development - who benefits?Harry Mattisonhttp://www.blogger.com/profile/16538583371784475876noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11031470.post-20778065562019313332008-11-02T17:31:00.000-05:002008-11-02T17:31:00.000-05:00The assessed value of a lot or parcel does not ha...The assessed value of a lot or parcel does not have much to do with what it sells for. As you can tell from what these 3 parcels went for, if a parcel is buildable as is or needs very few variances it will sell for much much more than the assessed value would indicate. <BR/><BR/>Sarah CorreiaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11031470.post-31308693075808051092008-02-28T14:26:00.000-05:002008-02-28T14:26:00.000-05:00I'm comfortable with a couple new multi-family hom...I'm comfortable with a couple new multi-family homes going up in this neighborhood, although I understand why some feel as if this space should have been considered for park space as well. <BR/><BR/>The fact that the city under-assessed this property so dramatically, however, is troubling. As noted, the $5000 is a drop in the bucket compared to the whole city's budget. How many other properties are under-assessed in this way, though? This is a problem for a number of reasons. One is obviously the missing revenue, but others include the incentive on the part of owners to keep their properties in reasonable shape. If a property is this much cheaper to pay taxes on than it should be, there is less incentive for a landlord who may live in Florida or California to make sure their property is kept up well (and thus earns enough in rent to cover taxes); in many cases, they are simply holding the property in order to flip it when the market comes back up. In other words, although we all like the idea of lower taxes, they encourage the kind of absentee landlords that contribute most to the unfortunate deterioration we continue to see in our neighborhood.fishbulbhttps://www.blogger.com/profile/12268563512809145028noreply@blogger.comtag:blogger.com,1999:blog-11031470.post-72592739926340005162008-02-28T14:14:00.000-05:002008-02-28T14:14:00.000-05:00I was DELIGHTED to see construction on this lot an...I was DELIGHTED to see construction on this lot and welcome the owners or renters who will come. A few more people living on what was otherwise a barren lot might help to promote some interest in the retail space down on Franklin Street.<BR/><BR/>I appreciate a concern for some public planning, but the best planning is done by individuals who invest in a community, then help it grow by sprucing up properties and patronizing local businesses. <BR/><BR/>I applaud the owners of this property for building nicely-designed new homes at a time when the housing market is a risky investment. They are betting on Allston's success, and we should celebrate their initiative and confidence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11031470.post-10271200187641559412008-02-28T09:42:00.000-05:002008-02-28T09:42:00.000-05:00Watch out recent real estate boom in US has done t...Watch out recent real estate boom in US has done the same and we are the ones paying for it now. Lenders are finally tighening how they sell loans and homes are so over inflated that a median price home can not be purchased by a professional.Anonymousnoreply@blogger.com