No Recession in Parking

This could fall into the "You have got to be kidding me" category...

An unidentified buyer last week paid $300,000 for a private parking space in Boston's Back Bay, making it the most expensive parking space in Boston, according to Listing Information Network, which tracks the city's real estate market.

Last year, parking spaces in the Back Bay and Beacon Hill fetched an average selling price of $134,000.

The $300,000 parking spot was at 48 Commonwealth, a multi-unit building prominently located on the corner of Commonwealth Avenue and Berkeley Street.

Believe it or not, the spot is outdoors and uncovered!

From:http://www.boston.com/business/articles/2009/06/11/300000_price_sets_record___for_parking/?p1=Well_MostPop_Emailed2