We live in NH. We own the house I grew up in West Somerville. I plan on selling it within the next couple of years. I don’t care who I sell it to. It’s who shows me the money. Nobody should be telling/saying who you can sell to.
They have to make some laws about this, otherwise the middle class is going to completely disappear. It will be the landlords and the renters and that's it.
The middle class is dwindling fast. All there will be are rich and poor. We are living in the second guilded age. The future of housing is only a renters market.
Why can't people move to areas that are more affordable? The city was in decline for years and people moved away. Now it is getting nice again and people want to move back, driving property values up. If driving a car or taking public transportation into the city did not suck so bad people could live in an affordable suburb and commute more easily.
Because you will move to an affordable place then eventually the domino effect begins where you think it's affordable they start building in the new area you thought was affordable. When migrations of people move to a certain spot eventually you will always need more housing hence it will one day be expensive. The issue here is people no longer want to commute to work, single family homes are expensive because of the land it sits on. Just think a guy who owns a Cape in Weymouth is paying the same amount of money on his property monthly as someone who owns a triple decker in Boston. The other issue is supply and demand. The economy is no longer for the middle class. Bostons as well as Massachusetts as a whole it's economy is technology, finance, life science and healthcare. These types of jobs bring in the 6 figure or more. This just isn't a Boston thing, this is happening all over the country.
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We live in NH. We own the house I grew up in West Somerville. I plan on selling it within the next couple of years. I don’t care who I sell it to. It’s who shows me the money. Nobody should be telling/saying who you can sell to.
This could easily be fixed by imminent domain
There need to be a law that limit investor from buying properties just like how some state limit China from buying in I think Florida and Texas
They have to make some laws about this, otherwise the middle class is going to completely disappear. It will be the landlords and the renters and that's it.
That’s the goal
The middle class is dwindling fast. All there will be are rich and poor. We are living in the second guilded age. The future of housing is only a renters market.
Another way to look at it:
4 out of 5 Greater Boston properties sold to folks to live in.
Are investors corporations?
"you will own nothing and you will be happy" Klaus schwab
Why can't people move to areas that are more affordable? The city was in decline for years and people moved away. Now it is getting nice again and people want to move back, driving property values up. If driving a car or taking public transportation into the city did not suck so bad people could live in an affordable suburb and commute more easily.
Remote work could make moving a reality, but companies insist on the office.
Because you will move to an affordable place then eventually the domino effect begins where you think it's affordable they start building in the new area you thought was affordable. When migrations of people move to a certain spot eventually you will always need more housing hence it will one day be expensive. The issue here is people no longer want to commute to work, single family homes are expensive because of the land it sits on. Just think a guy who owns a Cape in Weymouth is paying the same amount of money on his property monthly as someone who owns a triple decker in Boston. The other issue is supply and demand. The economy is no longer for the middle class. Bostons as well as Massachusetts as a whole it's economy is technology, finance, life science and healthcare. These types of jobs bring in the 6 figure or more. This just isn't a Boston thing, this is happening all over the country.