Housing affordability worsening in Boston area, study says
Boston Globe - 03/18/2015
By 2030, the numbers of households headed by somebody 65 or older in the Boston area could increase by 282,000, the largest jump of any age group, as baby boomers age. Many are seeking to downsize in the city, adding to housing pressures that are driving prices and rents higher.
Condos or rental units in the suburbs might be more appropriate for these empty-nesters, but zoning requirements make it difficult to build those types of homes, said Barry Bluestone, the author of the report card and director of the Dukakis Center.
“Between the combination of the millennials who are staying and growing and the seniors who are becoming a larger part of the Boston-area demographic we need more housing,” he said.
Bluestone recommends that the suburbs ease their zoning requirements, and surrounding cities work with universities, developers, and employers to build more affordable apartments.