Research shows rent control hurts the value of all property in a city, and the way state school aid is distributed means other communities will lose some of their education funding if rent control returns.
Advocates took to Beacon Hill on Tuesday to try to convince lawmakers to advance a policy to limit rent hikes, while real estate industry leaders decried the idea as counterproductive, but there seems to be little appetite on Beacon Hill to revisit the idea.
Late last month, members of the Boston City Council chose once again to vilify the people who are working to build and maintain housing for the many Boston residents who need it.
Boston’s rent control proposal isn’t just about imposing a rental cap. It’s a government takeover of the private housing industry – something sure to drive investment far away from Massachusetts.
In contrast to other high-priced coastal metros, Greater Boston’s larger multifamily buildings remain immune to relief from continuing apartment rent increases heading into the spring market.
Asked for her thoughts on some of the most talked about Beacon Hill happenings in a TV interview that aired Sunday, Lt. Gov. Kim Driscoll had a consistent message: let’s wait and see.
With the Boston City Council expected to vote on Mayor Michelle Wu’s rent control proposal at its meeting today, a leading progressive city councilor in Somerville announced he’s introduced his own rent control proposal.
Boston Mayor Michelle Wu pushed back Monday as resistance to her rent control plan picks up, arguing that what she has proposed is different from rent control policies of years past and describing some of the opposition as “fearmongering.”
Top officials in Boston Mayor Michelle Wu’s administration pushed back against strong critiques of the mayor’s rent control proposal during a City Council committee hearing Wednesday.
The oldest real estate trade organization in Boston has mobilized against Boston Mayor Michelle Wu’s proposal to cap the rate of rent increases in the city.
After 15 months in office, Boston Mayor Michelle Wu on Monday finally unveiled a proposal to cap rent increases across the city at a maximum of 10 percent in high-inflation years, filing a multi-faceted rent control revival measure that will first go before the Boston City Council.
Boston Mayor Michelle Wu pushed back against criticism of her proposal to slap a cap on rent increases city wide would harm housing production in an interview on GBH News’ “Boston Public Radio” Tuesday.
Mayor Michelle Wu sees “no choice but to try” to revive rent control in Boston despite decades of failure by previous supporters of the policy, driven by high rents in the city.
Mayor Michelle Wu’s top development deputies have sought to calm developers’ fears about her rent control proposal. But a thicket of obstacles awaits it on Beacon Hill, raising serious doubts that it could ever become law.
Wu administration officials have presented a plan to a commission of tenant activists and real estate industry figures that would see a rent cap return to the city for the first time in nearly 30 years.
Ballot measures in the U.S. to build more affordable housing and protect tenants from soaring rent increases were plentiful and fared well in last week’s midterm elections, a sign of growing angst over record high rents exacerbated by inflation and a dearth of homes.
Mike Leyba helps lead City Life Vida Urbana, the most vocal and prominent of Greater Boston’s tenant advocacy groups, a position that makes him a powerful voice in Boston’s debate over rent stabilization policies.
Applicants of color cannot compete in a market made even more restrictive by rent control. Let us create more rental housing to solve both high rents and housing inequality.
Other cities’ experiments with “rent control 2.0” offer clues to how Boston Mayor Michelle Wu may try to fulfil a key campaign promise while keeping developers on-side.
Affordable and middle-income workforce housing is critical to the region’s competitiveness, and NAIOP believes that solutions focused on housing production and expanding rental assistance are a better focus for policymakers.
