[Biggd]

Originally Posted by Donzi Minx

Often make a quick pass on the property that my family owned for 52 years.
Two weeks ago my son and I drove past 16 Acorn Drive only to notice that all of the windows, decking, and interior had been gutted from our beloved cottage.
Yesterday there was an excavation hole for the new foundation. Although I have never had a bad day on the lake yesterday was indeed different as I put the throttle down to head over to Winter Harbor. A real piece of me that had grown up, enjoyed, and so looked forward to as "sanctuary" was now gone. Wisely the current owner is keeping the boathouse, dock, and detached two car garage. It hurt a lot when it was auctioned off, it hurt a little to see it completely gone. As it was four bedroom, two full baths, kitchen / living room I always thought it was big enough to accommodate anybody and that it would never be demolished as I had seen over the lake in many other locations, but how wrong I was.

That's a case in the Metro-Boston area. Houses that I always thought were great homes are being bought for crazy money and being town down to build million dollar McMansions. Depending on the town, these homes are $400K to 1 million tear downs. My family home which I moved back into is worth about $600K and I'm questioning whether I should put much money into it because it's probably a tear down.