Friday, September 2, 2011

One parking space: $100,000 - WSJ.com

In Crowded Downtowns, Parking Costs a Premium - WSJ.com

EXCERPTS:

"Helen and Bob Alkon paid $1.3 million for their condominium in downtown Boston two years ago. And while some apartments in the building have slipped in value since then, one of the Alkons' investments has paid off: The parking spot they purchased for $100,000 today sells for $125,000.