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Old 03-01-2019, 03:15 PM
 
42 posts, read 39,780 times
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Nice shout out to Arlington...https://arlington.wickedlocal.com/ne...wns-to-live-in
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Old 03-01-2019, 05:57 PM
 
15,794 posts, read 20,493,343 times
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11 other towns made the list too

Arlington, Brookline, Concord, Hudson, Hull, Manchester-by-the-Sea, Natick, Newburyport, Plymouth, Salem, Shrewsbury and Waltham
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Old 03-01-2019, 10:25 PM
 
6,570 posts, read 6,736,907 times
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Arlington just keeps moving on up New construction prices in town now routinely run between $1.5 million & $1.7 million.
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Old 03-09-2019, 01:08 PM
 
113 posts, read 154,335 times
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I bought a SFH in Arlington in 2016. I think I overpaid, until I consider the sustained growth since then. My house is big for this town, I have a decent sized lot, and I can walk to just about everything. People are now paying what I paid to get a house 2/3 the size of mine, on a smaller lot, often in an unwalkable location. Tear-downs seem to sell in the $600-700K range. New construction condos are selling for over $1M. It's nuts. I like the town. It's family friendly. I can pack the family into the car at 7:15am and drop off my wife & both kids at day care and be at my desk in Boston at 8:30am. I can go hiking on any number of hilly trails or go kayaking on Spy Pond. I have a beautiful view of Boston from my 2nd floor. Sections of town are practically urban, which is really appealing to those of us who'd rather walk than drive. East Arlington is kinda hip (well, getting there, at least). Glad I bought here. But the prices, wow. It seems unsustainable, but what do I know. There just seems to be so much new money in town. Perhaps I shouldn't be surprised. Same thing's happening in Medford. I think Melrose has crossed the event horizon, too. Give it 5-10 years and we'll all be marveling at how much real estate costs in Chelsea and Lynn. Arlington, I think, is one of the towns that has been transformed early in the process of "San Francisco-ization" of metro Boston. Prices will continue to increase as the local economy remains diverse, vibrant, and driven by tech. The house that I paid too much for in 2016 will be valued at twice the price in 2025. Oddly, I don't feel great about that. Something is just weird. Maybe it's because I grew up without much money.
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Old 03-09-2019, 01:22 PM
 
880 posts, read 819,180 times
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Are the prices driven by tech workers in cambridge? If so, its still affordable for these guys..

Unfortunately, tech is really one of the remaining industries of employment in usa after manufacturing wa offshored. We should continue to support its growth because we have no other job growth engines...
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Old 03-09-2019, 01:31 PM
 
113 posts, read 154,335 times
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Quote:
Originally Posted by bugelrex View Post
Are the prices driven by tech workers in cambridge? If so, its still affordable for these guys..

Unfortunately, tech is really one of the remaining industries of employment in usa after manufacturing wa offshored. We should continue to support its growth because we have no other job growth engines...
Every now and then I marvel at some of the sales in town and do a bit of sleuthing to figure out who bought. You get tech/pharma couples, doctors, lawyers, professors at Harvard & MIT, corporate execs, etc. The usual suspects. People who can afford to buy in a town where the median price is $805K. What's crazy is there's still substantial room for growth. Look at the surrounding towns - Cambridge, Arlington, Winchester, Lexington, Somerville - all more expensive. The only bordering town that isn't more expensive is Medford.
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Old 03-09-2019, 01:46 PM
 
880 posts, read 819,180 times
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Quote:
Originally Posted by Jimbo21 View Post
Every now and then I marvel at some of the sales in town and do a bit of sleuthing to figure out who bought. You get tech/pharma couples, doctors, lawyers, professors at Harvard & MIT, corporate execs, etc. The usual suspects. People who can afford to buy in a town where the median price is $805K. What's crazy is there's still substantial room for growth. Look at the surrounding towns - Cambridge, Arlington, Winchester, Lexington, Somerville - all more expensive. The only bordering town that isn't more expensive is Medford.
You can lookup sales via Massachusetts Land Records

Its kind of interesting to lookup who can afford these, however I feel many buyers are also 'trade-up' buyers who are using their "equity + salary increase" from buying a long ago. Many tenured professors, doctors and I guess any tech IPOs (hubspot, car gurus, trip advisor etc)

You guys should feel sorry for SF, at least a thousand new millionaires will created from the Uber IPO alone
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Old 03-10-2019, 07:54 AM
 
2,440 posts, read 4,836,615 times
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Quote:
Originally Posted by Jimbo21 View Post
Arlington, I think, is one of the towns that has been transformed early in the process of "San Francisco-ization" of metro Boston. Prices will continue to increase as the local economy remains diverse, vibrant, and driven by tech.
I was working in Cambridge 30 years ago--1989--and remember someone talking about how she and other Cambridge people were moving to Arlington because of the Cambridge prices, convenience, etc., and changing the feel of the town.
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Old 03-10-2019, 07:55 AM
 
Location: New England
2,190 posts, read 2,231,987 times
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Sounds like they didn't include cost of living or value when coming up with that list.
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Old 03-10-2019, 10:10 AM
 
24,559 posts, read 18,244,243 times
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Quote:
Originally Posted by bugelrex View Post
Are the prices driven by tech workers in cambridge? If so, its still affordable for these guys..

Unfortunately, tech is really one of the remaining industries of employment in usa after manufacturing wa offshored. We should continue to support its growth because we have no other job growth engines...

I've worked with lots of people from Arlington when I was in 128 belt and 495 belt office buildings. Between Route 2, cutting over to I-93, and secondary roads to Burlington, it's a pretty easy car reverse commute where you're still close to civilization. I rented there for a couple of years back in the 1980s when I worked at I-93 & 125 in Wilmington. In the 1990s, I owned a house in Winchester just over the line up the hill from the boat club which is similarly friendly to reverse commute to all the office buildings.
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