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Boston Architecture & Urbanism Discussions and photos regarding Boston area architecture and urbanism. |
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#41 | |
Senior Member
Join Date: Dec 2011
Location: West Medford, MA
Posts: 3,502
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Re: Why Boston rents are so high.
Quote:
Restraints on supply, particularly an unwillingness to build tall and "close in", and the fact that this unwillingness is historical are probably more than half of the reason.
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"Trying to solve congestion by making roadways wider is like trying to solve obesity by buying bigger pants."--Charles Marohn |
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#42 |
banished
Join Date: Sep 2008
Location: Boston
Posts: 4,431
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Re: Why Boston rents are so high.
Build Tall and Close in (good Theory)-- Instead we went the other route---along with the Casino Variable is going to Crunch 93 N/S---
TRAFFIC Armageddon coming soon (2019) |
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#43 |
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Join Date: Feb 2016
Location: North Shore
Posts: 2,173
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Re: Why Boston rents are so high.
The casino is not going to affect I93 in a meaningful way. Most of the traffic will be outside of rush hour.
Last edited by tysmith95; 09-15-2016 at 10:37 AM. |
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#44 |
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Join Date: Nov 2008
Posts: 241
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Re: Why Boston rents are so high.
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#45 | |
Senior Member
Join Date: May 2016
Location: Brighton, MA
Posts: 1,536
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Re: Why Boston rents are so high.
Quote:
Increasing supply in a housing starved market = good. Sure there are nuances, but It's a pretty basic concept. The developers are still profiting despite the leveling off of the market - it would have been scarier if rents kept rising forever. |
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#46 |
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Join Date: Nov 2013
Posts: 397
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Re: Why Boston rents are so high.
This is good, but the challenge for the BRA is reforming the development process into a more sustainable, less bubble prone system that allows for sustained growth even without insane rents. That involves streamline review, more lenient zoning, no parking requirements, and available reliable transit. Boston is great, so we should allow far more people to afford it.
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#47 |
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Join Date: Sep 2012
Location: Boston
Posts: 1,179
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Re: Why Boston rents are so high.
There was some good discussion about this article on Hacker News the other day. A lot of people called it out as a flawed study because it doesn't take into desirability and how that affects pricing across the board. If you have a ton of cheap housing in transit-unfriendly places that will drop housing prices considerably, for example, much of the Boston stock is in Brighton, Hyde Park, and the outskirts of Dorchester all places that may not be easily accessible at all and their prices which are lower will skew everything.
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#48 | |
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Join Date: Apr 2016
Posts: 762
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Re: Why Boston rents are so high.
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![]() Boston is a tiny city, as is SF land wise. I would argue most of SF proper is much more transit poor than here - and I wouldn't rule those areas out in a study like this. I mean, it is the most expensive place in the country at the moment. Last edited by bakgwailo; 11-28-2016 at 11:11 AM. |
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#49 |
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Join Date: Feb 2016
Location: North Shore
Posts: 2,173
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Re: Why Boston rents are so high.
So what this is saying is that adding new "luxury" units to overpriced cities helps to normalize the supply demand relationship and eventually lower prices. Who woulda thunk?
And I agree with Bak, places like the Back Bay and Downtown will always be unaffordable for most people. The majority of the population lives in places like Dorchester, Eastie, Allston, etc. |
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#50 | |
Senior Member
Join Date: May 2006
Location: Fenway
Posts: 3,781
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Re: Why Boston rents are so high.
Quote:
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#51 | |
Senior Member
Join Date: Apr 2016
Posts: 762
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Re: Why Boston rents are so high.
Quote:
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#52 | |
Senior Member
Join Date: Jan 2013
Location: Davis/Ball Sq.
Posts: 1,734
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Re: Why Boston rents are so high.
Quote:
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#53 |
Senior Member
Join Date: Feb 2016
Location: North Shore
Posts: 2,173
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Re: Why Boston rents are so high.
Somerville, Eastie, and Waltham have also been adding a large quantity of units.
As far as the Back Bay goes not many units are being added besides the CSC development. |
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#54 | |
Senior Member
Join Date: Nov 2014
Location: Allston
Posts: 579
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Re: Why Boston rents are so high.
copying this from the 115 Winthrop thread here as part of the luxury housing boom/rent discussion.
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#55 | |
Senior Member
Join Date: May 2016
Location: Brighton, MA
Posts: 1,536
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Re: Why Boston rents are so high.
Quote:
If you can't build middle class housing on a vacant lot in Brighton, with a BPDA approval in hand, than what the heck can you do? I'm generally a pro-labor/progressive, but I concede that construction costs may be a major issue here... |
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#56 | |
Senior Member
Join Date: Jun 2013
Location: The Fenway
Posts: 1,823
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Re: Why Boston rents are so high.
Quote:
BPDA approval is worth little if you can't get financing... |
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#57 | |
Senior Member
Join Date: Dec 2011
Location: West Medford, MA
Posts: 3,502
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Re: Why Boston rents are so high.
The Atlantic put this 2014 article into my feed this morning and I'm re-reading it re: this thread.
Why Middle-Class Americans Can't Afford to Live in Liberal Cities In the image below, which plots affordability, the dots are 2012 votesRomney, Swing/Close, Obama. ![]() Quote:
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"Trying to solve congestion by making roadways wider is like trying to solve obesity by buying bigger pants."--Charles Marohn |
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#58 |
Senior Member
Join Date: Nov 2012
Posts: 2,066
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Re: Why Boston rents are so high.
Arlington, this is very true...
Without plunging into politics (although this issue has a lot to do with govt and hence with politics), that graph says a lot about the recent election as well... reminds me also of the Common Ground, and the suburban liberals with their "good intentions" for the working class folk of the city who were forced to swallow busing and be considered backward troglodyte racists if they didn't like it. The expense of housing in liberal cities is one lens to examine exactly what the wealthy Democrats don't understand about the struggles of ordinary individuals... and as the coastal cities grow more and more expensive, there is less and less exposure to the opinions of non-like-minded individuals. |
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#59 |
banished
Join Date: Sep 2008
Location: Boston
Posts: 4,431
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Re: Why Boston rents are so high.
Its all politics.
It's all Supply & Demand. Liberals SUCK----The blame the rich for everything mean while they are enriching themselves to their rich buddies as along as they keep getting elected. They are just FAKE people Just look at all the politicians now that are Millionaires in Washington. Its disgusting. Nothing is FREE in this world (NOTHING) |
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#60 | |
Senior Member
Join Date: Nov 2006
Posts: 2,301
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Re: Why Boston rents are so high.
Quote:
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