$7m condo sale confirms the ‘new normal’ in Boston
Boston Globe - 04/17/2015
The surge in luxury market prices is another indicator of the income gap in Greater Boston. It comes as more Boston-area families stretch to make ends meet. The share of households spending more than a third of their income on housing — generally considered the threshold for affordability — has jumped to more than 38 percent from 27 percent in 2000, according to the Greater Boston Housing Report Card prepared by the Dukakis Center for Urban and Regional Policy at Northeastern University.