Boston sold hundreds of lots at big discount

The Boston Globe reports:

Mayor Thomas M. Menino of Boston has signed off on the sale of hundreds of city-owned lots at a fraction of their assessed value in an effort to get them back on the tax rolls, but the way City Hall doled out the land often has not involved competitive public bidding and is now drawing sharp criticism from one of Menino’s challengers in the mayor’s race.

If you've been reading this blog for a couple of years: we predicted this would happen. So, when the National Association of Realtors tells they aren't making anymore real estate think again.