Some idiot paid half a million dollars for a parking space

Can you really put a price on a parking space? Yes, yes you can. Two tandem parking spaces in Boston just sold for $560,000 at an IRS auction. They were seized from a man who owed $600,000 in back taxes, and the bidding started at $42,000. How did the price go from that to more than the cost of a house? Sheer madness.

A bidding war between two neighbors drove the price up in less than 15 minutes. The IRS auctioneer called the property "the two prettiest parking spaces I've ever seen." High praise right there. —  [Source]

 
 
 
 

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