Maybe you can’t live in a parking space, but in Boston you can certainly profit from one.

So says the Wall Street Journal:

For Sale: 200 Sq. Feet, 0 BRs, No View: $125k

Helen and Bob Alkon paid $1.3 million for their condominium in downtown Boston two years ago. And while some apartments in the building have slipped in value since then, one of the Alkons’ investments has paid off: The parking spot they purchased for $100,000 today sells for $125,000 . . .

“The beauty of it is, as [apartment] prices came down, parking went up,” says Jon Gollinger, a condo broker and real-estate consultant with Accelerated Marketing Partners in Boston. He adds that in every city he works in, he is noticing parking rates rising for buildings with desirable locations.

“You’re dealing with the elite,” he says. “Someone who has money and is willing to spend a million, million and a half on a unit, you’re not going to park your car in a building that’s half a block away. That’s just not going to happen.”

Half a block: the new Bataan Death March.

God, this country is depressing.