Fixing Boston’s Housing Market
WBUR - 11/13/2013
Housing is more expensive in greater Boston than just about anywhere else in the country.
Here’s how tough it is for families: Half of them who rent in this city pay almost a third of their paychecks to their landlords. A quarter of them pay more than half. As a former candidate for mayor of New York said, “The rent is too damn high.” It’s true in the Big Apple, and it’s true here in Boston.
And because of those high rents, investors are buying up houses — pushing up their prices well above what working families can afford. The result: working families in an around Boston are being priced out of the region.
Barry Bluestone, director of the Dukakis Center for Urban and Regional Policy at Northeastern University.
Mike Ross, city councilman and former mayoral candidate.