Cape Cod Real Estate News

6/28/2021 Letter: Cape Cod risks forfeiting its utopian appeal | Financial Times

Your article on Cape Cod’s housing market (House & Home, FT Weekend, June 19) recalled the writing of Sir Thomas More, now over 500 years old. In Utopia he described the conundrum that Cape Cod — indeed any such peaceful getaway — is going to provide to the city dwellers flocking there. Such a hot housing market, built on people grasping for a quiet slice of rural or seaside bliss, “lavishes rich rewards on so-called gentry, goldsmiths and the rest of that crew, who don’t work at all or are mere parasites, purveyors of empty pleasures. And yet it makes no proper provision for the welfare of farmers and colliers, labourers, carters and carpenters, without whom the commonwealth would simply cease to exist.” Letter Letter: Cape Cod risksforfeiting its utopian appeal From Charlie Merwin, Rose Valley, PA, US 6/28/2021 Letter: Cape Cod risks forfeiting its utopian appeal | Financial Times

https://www.ft.com/content/ad4f751c-bcf8-4b6e-924c-803f7030165c?shareType=nongift 2/2 Copyright The Financial Times Limited 2021. All rights reserved. Now, marketing professionals from New Jersey deserve better than to be called “parasites” or “purveyors of empty pleasures”. But if Cape Cod prices out waitresses, car washers and shop clerks then its housing market will correct itself. Most who go to such utopias expect to be wined, dined and treated like gentry by (someone from) the local economy. At some point you simply have to make provision for the people doing the work. The astute Housing Assistance Corporation officer who says the only solution is to “change zoning to allow multifamily construction and increase subsidy for year-round rentals” is on to something. Charlie Merwin Rose Valley, PA, US

Cape Cod’s soaring home prices create seller’s market

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BARNSTABLE – Property values and volume of sales continue to spike for the Cape Cod real estate market. This past April, volume of real estate sales was up ...

In Housing Markets Like Cape Cod and the Jersey Shore, Homes for Sale Disappeared During Covid

A number of high-end markets saw a dramatic drop in the number of homes for sale during the coronavirus pandemic. An in-depth look at why, plus an ...

Surge in Cape Cod real estate prices makes homes out of reach for many locals

CAPE COD, Mass. — Native Cape Codders can’t afford to buy a house on Cape Cod.

Cape Cod's market is so hot, some of it is going underground