Is part of the Renew Boston plan that the been slowly Rolling out for 10+ years. They want College graduates to all stay in Boston forever after school. They will be able to afford the new buildings everywhere and Boston will be all bike riding scholars. All low income people are getting relocated slowly to Brockton Lynn or Connecticut etc.
I'm being priced out of Massachusetts, at this point! My rent has gone up 83% over the past eight years, while my income has gone up 14% at best. Meanwhile groceries and most other expenses have increased by 50% to 100%. Bread cost $2.49 a loaf before COVID. Now that same loaf costs $4.99. There's no way to make those numbers work. And I'm not even young!
Most major cities and metropolitan areas are now very expensive due to private equity firms buying up houses and apartments and raising the rents to astronomical levels forcing most people earning less than $250,000.00 a year out of these areas. This is totally unacceptable.
Yes! :/ Unless/until we bring back Rent Control- the landlords, management companies, and corporate powers will continue to exploit tenants for as much as they can.
The biggest problem is corporations monetizing homes as a stream of revenue. Unless the state does something about this, we will be like Georgia where 3 companies bought over 19000 homes to rent them out at their price. No homes for sale. Google it. When everyone moves the city will get less tax revenue and everything will go to south quick. Rent control; is needed also.
MBA graduate here. Highest income was at 75k. Never felt comfortable. Currently living in a room in a basement. Working on my escape plan. Most people around Boston are living on borrowed time.
Housing market need a reset and reform. Plus, order a mandatory audit on most of these greedy corperate/investor landlords who are driving the house prices and rent. If not, they will turn our country into a 3rd world status. Politicians supporting them need to be voted out of office.
I grew up in Eastie. I ended up in Braintree when I became a homeowner and quickly realized there was no way I'd ever afford real estate in my old neighborhood. There is definitely a greed component to why prices are so high. My neighbors' home was in foreclosure during the 08 recession and the lender held it for close to a decade. The new owners LITERALLY just put new siding atop the old siding and gutted it, resold each floor as a "condominium" at 400k a piece.
''Most of the great problems we face are caused by politicians, bureaucrats, financiers, elites, bankers, pharma, MIC, big-agri, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
A number of Bay State politicians advocate a "build and pave" response to the need for more housing. But that ignores the environmental harm inevitable with massive growth. Shortly the annual water use restrictions will go into effect for many towns and cities. Thoughtful consideration is needed before a housing boom becomes an environmental bust.
I make $89,000 a year and I live in a tiny one bedroom apartment. The only reason I'm able to save any money because I have a used car I have no payment on and no student loans.
I used to live in Jamaica plain, then got pushed out to Dedham and then I saw the writing in the wall and decided to take advantage of the moment and move to providence RI. That’s a huge leap to another sister city but after some strategic moves buying multi family homes and also my own single family home, the mortgage I pay on my 2700 square foot home is now cheaper than a 3 bedroom apartment in RI. I pay 1800 in mortgage while rent in RI is close to 2,000. And Boston is in the 3k. As a landlord now, all I see are people leaving Boston for RI and it’s hugely benefitted me.
When city is giving free money to migrants someone has to pay. Spending billions on MBTA and increasing taxes on people who make more money and those are the people moving out of state… these poor decisions are costing the middle class
"Rent control" nearly destroyed nyc in the 80s. Do what the Asians do -- go in together on a nice, large family home that will increase in value. Everybody lives there and helps to build equity by paying a mortgage or into a shared fund (LLC).
EXACTLY! I'm a hell of a lot closer to retirement age, and I've been working for the same large MA company for over 25 years. Even so, I'm being priced out of the suburban market. Living in or near Boston is just an impossible dream, now. Like retirement.
When you say Boston, it’s very generic. Home prices are very different depending on the suburbs or surrounding cities that you’re looking at. Most people who work in Boston downtown have been living far away from their workplaces (due to high home prices/housing projects) for many years. Allow people to work from home more, which will help reduce housing pressure and commute time.
It’s always the landlords fault I guess … it’s called inflation goes all around if the taxes,insurance, water goes up im definitely raising the rent …We are not in the business of subsidize housing we are in the business of Making money ….like your Phone company …like your car insurance…like the grocery store… like the barber… like fast food like everything around you if inflation goes up everything gets past down to the consumer go and complain to them about it and see wat they say.
It's funny how this hispanic guy is talking with the enemy and how the enemy shows compassion for him and his family when they are the ones causing his family pain..
These people are nuts. Rent control destroys cities everywhere it is tried. The only thing that will solve this problem is an increased supply of middle and low income housing. The only way to get this is by reducing the insane number of regulations and bureaucracy that stand in the way of building apartments that can be rented or sold at middle and low income price levels.
Are you getting priced out of Boston? Tell us about it:
Is part of the Renew Boston plan that the been slowly Rolling out for 10+ years. They want College graduates to all stay in Boston forever after school. They will be able to afford the new buildings everywhere and Boston will be all bike riding scholars. All low income people are getting relocated slowly to Brockton Lynn or Connecticut etc.
I left 15 years ago because of police corruption.
I'm being priced out of Massachusetts, at this point! My rent has gone up 83% over the past eight years, while my income has gone up 14% at best. Meanwhile groceries and most other expenses have increased by 50% to 100%. Bread cost $2.49 a loaf before COVID. Now that same loaf costs $4.99. There's no way to make those numbers work. And I'm not even young!
Most major cities and metropolitan areas are now very expensive due to
private equity firms buying up houses and apartments and raising the rents to astronomical levels forcing most people earning less than $250,000.00 a year out of these areas. This is totally unacceptable.
Own nothing and be happy
I used to make good money, but I hated the corporate culture so much I quit.
Blame the greedy corporations for price-gouging rent prices.
HAHAHAHAHA!😂😂😂😂😂
The same people everyone is slaving for.
@@ABoredTroll So by your own logic..
If you sell me something and insist on your asking price.....YOU'RE GREEDY!
There are PLENTY of elder/older POORS who also cannot afford the cost of living increases, and have never been able to buy a house.
Yes! :/ Unless/until we bring back Rent Control- the landlords, management companies, and corporate powers will continue to exploit tenants for as much as they can.
They don't have to be here, move to a cheaper (and warmer) state
I make $125,000 a year and I don’t feel like I can live comfortably in Boston
The biggest problem is corporations monetizing homes as a stream of revenue. Unless the state does something about this, we will be like Georgia where 3 companies bought over 19000 homes to rent them out at their price. No homes for sale. Google it. When everyone moves the city will get less tax revenue and everything will go to south quick. Rent control; is needed also.
MBA graduate here. Highest income was at 75k. Never felt comfortable. Currently living in a room in a basement. Working on my escape plan. Most people around Boston are living on borrowed time.
Housing market need a reset and reform. Plus, order a mandatory audit on most of these greedy corperate/investor landlords who are driving the house prices and rent. If not, they will turn our country into a 3rd world status. Politicians supporting them need to be voted out of office.
I grew up in Eastie. I ended up in Braintree when I became a homeowner and quickly realized there was no way I'd ever afford real estate in my old neighborhood. There is definitely a greed component to why prices are so high. My neighbors' home was in foreclosure during the 08 recession and the lender held it for close to a decade.
The new owners LITERALLY just put new siding atop the old siding and gutted it, resold each floor as a "condominium" at 400k a piece.
''Most of the great problems we face are caused by politicians, bureaucrats, financiers, elites, bankers, pharma, MIC, big-agri, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
Taxachussetts?
LEAVE!
A number of Bay State politicians advocate a "build and pave" response to the need for more housing. But that ignores the environmental harm inevitable with massive growth. Shortly the annual water use restrictions will go into effect for many towns and cities. Thoughtful consideration is needed before a housing boom becomes an environmental bust.
I make $89,000 a year and I live in a tiny one bedroom apartment. The only reason I'm able to save any money because I have a used car I have no payment on and no student loans.
really? I make about the same, have student loans, and have a good chunk of change left over monthly
I used to live in Jamaica plain, then got pushed out to Dedham and then I saw the writing in the wall and decided to take advantage of the moment and move to providence RI. That’s a huge leap to another sister city but after some strategic moves buying multi family homes and also my own single family home, the mortgage I pay on my 2700 square foot home is now cheaper than a 3 bedroom apartment in RI. I pay 1800 in mortgage while rent in RI is close to 2,000. And Boston is in the 3k. As a landlord now, all I see are people leaving Boston for RI and it’s hugely benefitted me.
When city is giving free money to migrants someone has to pay.
Spending billions on MBTA and increasing taxes on people who make more money and those are the people moving out of state… these poor decisions are costing the middle class
"Rent control" nearly destroyed nyc in the 80s. Do what the Asians do -- go in together on a nice, large family home that will increase in value. Everybody lives there and helps to build equity by paying a mortgage or into a shared fund (LLC).
@hellosaysandrew that's a riot ROFL
@@the_expidition427 Obviously they've never been married 🙄 😒 😑 🤣
Great video
A worthless city to live in.
Simple. When you constrict supply, you increase demand. End of Story!!!
Its not a 'young person' issue...
EXACTLY! I'm a hell of a lot closer to retirement age, and I've been working for the same large MA company for over 25 years. Even so, I'm being priced out of the suburban market. Living in or near Boston is just an impossible dream, now. Like retirement.
@@PeterMaranci Exactly... :/ Same here...
It’ll be even more of an ‘older person’ issue once all the ‘young persons’ flee to cheaper states and MA doubles taxes to make up for lost population…
When you say Boston, it’s very generic. Home prices are very different depending on the suburbs or surrounding cities that you’re looking at.
Most people who work in Boston downtown have been living far away from their workplaces (due to high home prices/housing projects) for many years.
Allow people to work from home more, which will help reduce housing pressure and commute time.
It’s always the landlords fault I guess … it’s called inflation goes all around if the taxes,insurance, water goes up im definitely raising the rent …We are not in the business of subsidize housing we are in the business of Making money ….like your Phone company …like your car insurance…like the grocery store… like the barber… like fast food like everything around you if inflation goes up everything gets past down to the consumer go and complain to them about it and see wat they say.
you all voted for this
Rent control will just make the problem worse knuckle heads .
It's funny how this hispanic guy is talking with the enemy and how the enemy shows compassion for him and his family when they are the ones causing his family pain..
These people are nuts. Rent control destroys cities everywhere it is tried. The only thing that will solve this problem is an increased supply of middle and low income housing. The only way to get this is by reducing the insane number of regulations and bureaucracy that stand in the way of building apartments that can be rented or sold at middle and low income price levels.
Thank you for voting 🗳️ Republican 🤑👹
Disgraceful!