[Magdalen] Real estate

[Charles Wohlers]

My ex-wife & I bought a house in Concord (MA) in 1975 for $50K - very low 
end of the market there. In the late 80's, when she bought out my share, it 
was worth $100K. Last year my ex sold it for $700K to a couple who've torn 
it down to put up their very own McMansion. The gap between the rich & the 
rest of us gets reflected in real estate.

Chad Wohlers
Woodbury, VT USA
chadwohl at satucket.com



-----Original Message----- 
From: ME Michaud
Sent: Sunday, October 29, 2017 9:53 PM
To: magdalen at herberthouse.org
Subject: [Magdalen] Real estate

When we moved here it was cheap.
Nobody wanted to live downtown.
It was scruffy but heavenly and very, very gay.
(those were the days when gay folk weren’t welcome at all outside the
center of the city).

Our first apartment (a 1 br on West Cedar St.) was $90.00 a month.
People pay more for cable now.

When the BU School of Theology building on Chestnut St.
went condo (1980-ish), the units sold for $25K.
We scoffed. Whatsa condo?
Those units now list in the millions.

The temptation to cash out is pretty powerful,
but we’re resisting.
-M

On Sunday, October 29, 2017, Charles Wohlers <chadwohl at satucket.com
<javascript:_e(%7B%7D,'cvml','chadwohl at satucket.com');>> wrote:

> How do they manage? They don't live in Back Bay (Beacon St.) or Beacon
> Hill (Mt. Vernon St.) or in one of Boston's wealthier suburbs.
>
> I meet with a real estate guy on Thursday to go over our house in East
> Bridgewater (definitely NOT one of the  more desirable of Boston's 
> suburbs)
> to see what it might sell for. Built ~1852, >1900 sq. ft., ~4 br, 2 baths,
> in lousy shape. Certainly not $450K or anywhere close to that.
>
>