Here's the starting pricing at the monstrosity Sudbury built abutting
Lincoln/Concord.

https://www.pulte.com/homes/massachusetts/greater-boston-area/sudbury/preston-at-cold-brook-crossing-210742

On Mon, Apr 25, 2022 at 4:01 PM Sara Mattes <[email protected]> wrote:

> Agreed!
>
> The disappearing middle class in Lincoln (there still is one, but dying
> off)  is what we need to focus on…a point I have been making (publicly) for
> some time.
> We can do this, to a degree, with a change in how we calculate property
> tax.
> But, that is only one mechanism, and needs to be coupled with others.
> We need to get creative, and, so far, we have shied away from potential
> tools that will require much work to develop..
>
> I would argue that adding 200-500 condos in S.Lincoln/Lincoln Station will
> not address this.
> It will offer another type of housing, but not what most middle class
> families seek.
>
>
>
>
> ------
> Sara Mattes
>
>
>
>
> On Apr 25, 2022, at 3:54 PM, Bob Kupperstein <[email protected]> wrote:
>
> This is a case where median income gives a very misleading picture.   Our
> median is the result of a very distorted income distribution - simply put,
> there is virtually no middle-class in Lincoln.
>
> Look at the town-by-town section in the Globe's reporting on the data:
> https://www.bostonglobe.com/2022/04/21/metro/charts-whats-wealthiest-town-massachusetts-see-census-data-income-poverty/
>  (Lincoln is on page 4) - our numbers are very skewed (to the high-income
> end).
>
>
>
> On Mon, Apr 25, 2022 at 3:35 PM Sara Mattes <[email protected]> wrote:
>
>> This is telling and offers some data points.
>> Linocln is not in the top 25, in spite of the fact that there are over
>> 130 folks who make over $1 million/yer.
>>
>> If you look at our state certified affordable housing, that makes up 14%.
>> 1/3 of our homes are condo, townhouses or apartments.
>> 1/3 of us are over 60.
>>
>> While we are not racially diverse, our housing stock and other measures
>> indicate a degree of diversity that might surprise some…and should factor
>> in as we plan, going forward.
>>
>> Sara
>>
>>
>>
>>
>> The median household income of $84,385 made Massachusetts the
>> third-richest state in the nation, according to new Census data.
>>
>>
>> https://patch.com/massachusetts/across-ma/these-are-richest-poorest-towns-massachusetts?utm_source=shared-email&utm_medium=email&utm_campaign=share
>>
>> ------
>> Sara Mattes
>>
>>
>>
>>
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>
>
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-- 
Ted Chan
[email protected] / (781) 856-8686
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