Subdividing Properties in Built Out Areas
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There are parts of the country where land is so scarce that there is a trend to buy a home on a larger property, raze it, and then develop 2 or 3 properties on the original footprint. The Boston Globe has a very good article on this niche trend in the real estate market.
‘In a community that is built out, there is very little if any space left, so someone who’s got a large lot is looking for a way to get another house onto it,” said Arlington Town Planner Kevin O’Brien. ”Where there was once one home, a person can get in another, or maybe two more.”
Residents in some communities are concerned that such development will lead to housing density that is too great for neighborhoods. Some communities, such as Lowell and Winchester, are taking action to head off the trend.
Am I the only one that finds it odd that the ONLY place that looks to be seriously warming is ...
It seems there are numbers posted about how much it could cost the US in home sales from people holding ...
The only people holding off will be those that are financially secure and can manage to hold off. How ...
What an awesome way to generate traffic for a story. Were they trying to time that for Sweeps Week? ...
That's awful. I wonder if using that tactic , if a building can be sold or used as collateral. ...
Good point about people possibly holding off now. The 4.5 percent interest rate could be a self-fulfilling prophecy. 
wow this is a wonderful creation...............i would like to be there once even in my life time........... 
Absolutely agree with Jon, excellent site and very imformative. Keep reporting to us please! 
I will say that had I never been to that site and seen Dean's many deals that he documented and ...
Great Real Estate
post ... very interesting. 
