Not everyone wants to live in an apartment or condominium. In fact, plenty of people, young families included, still want that suburban home with the white picket fence but find themselves boxed out
The Bay State may be enjoying an historic building boom, but man, there are still some real turkeys out there. From towers that never seem to get a shovel in the ground to half-empty film studios built in hopes of turning Massachusetts into Hollywood East, we seem to always attract
Our improbable president-elect is a hard one to read, with everyone and his brother trying to guess which parts of the Obama legacy will be the first to get the royal flush.
Speculators from across the globe have made a fortune flipping condominiums in some of the most luxurious towers on Boston’s skyline.
Are luxury condominium prices in Boston finally peaking? Or are they poised to take another big leap? Beats me. But I’d much rather be Millennium Partners, with hundreds of millions in the bank from sales at its new Downtown Crossing tower, than Dick Friedman, who is still two years away from delivering his luxurious 61-story Four Seasons tower.
There’s nothing NIMBY blowhards hate more than our state’s affordable housing law. Our hometown housing bigots just love to fume and fulminate about the evils of 40B, which enables developers to circumvent obstructionist local zoning in order to build sorely needed affordable apartments and condominiums.
Want to see the growing middle-class housing crunch morph into a full-blown crisis? Start subsidizing builders to get them to build moderately priced apartments, condominiums and homes.
Donald Trump has found a new target for his wrath, blasting Massachusetts casino regulators as “crooked bums” who are “hugely stupid” and “clearly unable to understand my incredible, incredible genius” for pulling his license to do business in the state.
Bribes and kickbacks. That’s just how public construction projects were divvied up in Massachusetts until the blockbuster Ward Commission report blew the lid off in 1980. And exhibit No. 1 was the bidding and construction of UMass Boston’s harbor campus
You have to wonder how many new homes, jobs and businesses over the years Massachusetts has lost out on thanks to the rather virulent form of NIMBYism that infects so much of our state. If you are wondering how much economic damage rampant NIMBYism has caused, just take a look at
Forget the Brady Bunch 1970s-style subdivision living. Urban is hot right now and suburban is not.
But the growing popularity of downtown living doesn’t mean we are going to see suburban exodus. Rather, the city is coming to the suburbs.
Finally. After years of soaring into the stratosphere, apartment rents are starting to stabilize in Boston thanks to a surge in new residential construction But the frenzy of tower building has yet to make a dent on soaring home and condominium prices in the Hub, with the vast majority of new units being built as rentals, rather than homeownership units.
Just a few years ago experts were warning the nation’s office market had peaked and was poised to steadily shrink in the years ahead amid seismic changes reshaping the American workplace. Dramatic changes in technology, work styles and ruthless corporate efficiency had made the old-fashioned
Milford’s town fathers were more than OK with the prospect of thousands of Las Vegas slot machines coming to town a few years ago. In fact, they were positively drooling over the millions of dollars in promised tax payments, only to see their casino dreams go up in smoke
Monstrously huge homes are back, and so is the backlash against them.
McMansions became a symbol of excess a decade ago, before falling out of fashion after the Great Recession and the collapse of the real estate bubble. The average size of new homes in the U.S. even fell for the first time in years.
As it spirals toward ever greater unaffordability, the Bay State’s troubled housing market recently passed another milestone of sorts.
Globalization has been very, very good for Boston, especially if you are in the business of building penthouses in the clouds for the super-rich.
Our trusty pals at the State House sure have taken some flak for ending this year’s legislative session with the equivalent of an all-night cram session.
Home prices in Boston and across the suburbs are hitting new highs once again, fueled in large part by a steady, decades-long decline in new construction. The median price of a single-family home in the month of June hit a record $372,000, according to The Warren Group, publisher of Banker & Tradesman.
