Mid Country contract

4 lindsay.jpg

4 Lindsay Drive, on the market for a year: started at $4.250, dropped to $3.495 million, has found a buyer. A 1950 home with electric heat, which has been in disfavor these past decades, but perhaps the Democrats’ new Green Dream will make electricity free, and this will seem a bargain.

The owners paid $3,0250,000 for the place in 1998 — $4,684,110 in current dollars — and did some major renovations in 2014, but no one ever said residential real estate was a sound “investment”, did they? You buy a home to raise a family; you want asset growth, buy an index fund.