Boston Curbed reports. Don't worry: You still have time to put in a bid for that $37.5-million uber penthouse.
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Boston Curbed reports. Don't worry: You still have time to put in a bid for that $37.5-million uber penthouse.
Like the job UHub is doing? Consider a contribution. Thanks!
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Comments
foreign buyers?
By Boston_res
Tue, 10/28/2014 - 8:44am
.
hopefully...
By SoBoYuppie
Tue, 10/28/2014 - 12:23pm
...the more diversity we have in the city..the better.
foreign buyers don't necessarily contribute to diversity
By anon
Tue, 10/28/2014 - 9:52pm
Often foreign buyers have no plans to live in the US, they're buying housing as an investment. In the case of many Chinese, they want to keep some money overseas (this is particularly true on the west coast). In Boston you have the phenomenon where parents are buying condos for their college-aged kids to live in, but that doesn't mean the family will use the condo after the kids graduate.
It doesn't really meaningfully contribute to the city's diversity if someone from overseas buys housing here that they then leave empty or rent out. It does contribute to housing price increases.
If you don't mind...
By Nicole
Tue, 10/28/2014 - 12:40pm
I'm going to exclude the second line of the headline (at my browser width) and pretend the condos just sold for $9.
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