Young adults and their aging parents are engaged in an escalating and increasingly expensive struggle for one of Greater Boston’s scarcest resources: an affordable place to live.
WBUR | March 18, 2015 An annual report finds that the cost of housing in Greater Boston is soaring as the area simultaneously faces a serious housing shortage. The report’s most troubling finding is that there’s a major mismatch between the type of housing available and what’s needed in the city. Issued Wednesday morning by The Boston […]
WBUR | March 18, 2015 Here’s a fact: greater Boston is experiencing and urban renaissance. Also fact: greater Boston is experiencing an escalating housing crisis. Just how long can the two realities coexist before something has to give? Before the significant advances the region has made begin to slip away, simply because it’s too expensive […]
Thanks to its plethora of universities, arts organizations, top-notch health care institutions, and strong start-up culture, Boston is a great place to build a career and life. Salaries in the metro area are relatively high, with a median family income of $87,317, 12th among the largest metros in the nation. In Boston, that high income level matters–because the one thing the area doesn’t offer residents is a cheap cost of living.
Mayor Joe Curtatone has supported the plan, saying it will relieve the city’s housing crunch. And he has support from experts. Barry Bluestone, director of the Dukakis Center for Urban and Regional Policy at Northeastern University, told the Journal that large apartment units will pull millennials away from renting in two- and three-family houses, displacing families.
Hispanic communities were particularly vulnerable to unscrupulous lenders during the last housing boom and the hardest hit by the bust, experiencing the sharpest drop and slowest recovery in home values, according to a study to be released Monday.