560,000 dollar parking space sold at IRS auction in Boston

Mar 13, 2012 - 10:14
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560,000 dollar parking space sold at IRS auction in Boston
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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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.