
Boston Faces a Bigger Office – and Budget – Crisis Than You Think
Gone unnoticed amid all the heated debate are signs that the underlying problem – the decline in office building values – may be even more serious than first thought.
Gone unnoticed amid all the heated debate are signs that the underlying problem – the decline in office building values – may be even more serious than first thought.
The good news is that Boston’s 2025 tax revenue crisis may not be as bad as some have feared. The bad news is office values may have further to fall.
If political happy talk could be converted into housing units, the cost of a home wouldn’t be nearing $1 million in Greater Boston. But it’s a reality our state and local pols seem incapable of grasping.
Developers and real estate executives weren’t tapping furiously at their keyboards and burning up my phone line in praise of the mayor’s announcement of a $100 million “Housing Acceleration Fund.”
Congresswoman Alexandria Ocasio-Cortez rose to national prominence with her Green New Deal. Now, she’s turning her attention to the nation’s housing crisis with similar fanciful thinking.
The Fed’s long-awaited cut comes too late to save the housing market, which is now mired in what is likely to be a prolonged slump that could take years to climb out of.
If huge housing complexes next to transit hubs are allowed to become the de facto symbol of YIMBYism, the cause is all but doomed in our politically polarized country.
The reminders are all around us that Massachusetts helped give birth to the Industrial Revolution. We still can revive that legacy with attention from state leaders.
Has the national Democratic Party finally embraced the YIMBY cause? It certainly feels that way after two big speeches in the last 10 days.
When will local progressive politicians see – and act – on how their policies are enabling sizable rent increases by stifling housing construction?
Each of the high-profile bills Beacon Hill passed or failed to pass last week deserved public scrutiny and debate, including votes at normal times open for all the public to see.
Kamala Harris should look to former Boston Mayor Marty Walsh, Gov. Maura Healey and former Gov. Charlie Baker for tips on winning over swing states with a pro-growth agenda.
President Joe Biden last week jettisoned decades spent crafting an image as a moderate Democrat in a transparent ploy to rally party progressives to his foundering campaign.
The laws of economics apparently work differently in Massachusetts than in red states like Texas, according to some progressives here. Maybe they should look at some interesting new numbers released by Redfin and Zillow?
A YIMBY tide is rolling across the nation. And the only question for Massachusetts is whether it will ride it willingly or get dragged along kicking and screaming in its wake.
The last time home prices went on an epic tear, there was no escaping the talk of a real estate bubble. This time, the commentariat is far more sanguine despite our epic housing supply-demand imbalance.
These days everyone seems to have a side hustle going. Apparently, that also includes the fabulously wealthy owners of Boston’s pro sports teams, all of whom have made real estate a second career of sorts.
When it comes to tackling the housing crisis, Massachusetts voters want an all-of-the-above approach. That’s one message to take away from a recent poll.
Boston Properties, our hometown real estate giant, recently found itself confronted with a question that would have been unthinkable before the watershed year of 2020.
Your die-hard progressive and your friendly neighborhood Trump supporter might not seem to have much in common. But each is playing their part in stopping fixes for the state’s housing crisis.