I'm curious if others are seeing tear down fest in semi-urban neighborhoods? So I live in Metrowest Boston Area. I own a multi family. My wife, infant son and

I'm curious if others are seeing tear down fest in semi-urban neighborhoods? So I live in Metrowest Boston Area. I own a multi family. My wife, infant son and I live in modest square footage despite having fairly generous annual incomes (e.g. well above AMT tax rate). My parents used to live nearby in affluent town (Wellesley) before just recently selling their house to a developer... who of course knocked it down to build a gigantic pimped out house. The same developers was buying 4 other houses at the time. In short Metrowest Massachusetts has become tear down central. The problem is other than foreign investors (a lot of Newston, Weston, Wellesley, and Needham is getting bought out by foreign investors) nobody from my age group.. the age group that is looking to buy houses wants a super mansion... even if its decked out (That is these houses aren't McMansions. They are real mansions). From my general experience of talking to other educated thirty somethings is people want authentic and charming not McMansion and yet there all these new houses replacing old New England house. Yet these new houses are priced ridiculously high. And again talking to other peers it seems gone are the days where people buy 4-6 times their salary. People are buying sometimes as low as just twice their salary and completely fine. And if people want convenient they are going for condo and not McMansion style. Historically New England has been fairly bubble proof. I fear that time is coming to an end. When it does happen I might buy some of these big boys and convert them to multi-families ... BTW this is exactly what happened to parts of New England in the late 19th and early 20th century [1] where giant houses were converted to multi families aka Somerville and Waltham (where I live). [1]: https://en.wikipedia.org/wiki/Triple-decker https://en.wikipedia.org/wiki/Triple-decker