Hunting for a starter home in Greater Boston? Good luck.
Boston Globe - 07/09/2016
Priced-out buyers who have given up on owning a home could explain sky-high rental prices, as people have resigned themselves to renting, said Barry Bluestone, professor of public policy at Northeastern University, who has studied Boston real estate for years.
“They’re caught between this rock and hard place. On one hand, there’s very little available at prices they can afford. The rents keep going up, squeezing them,” Bluestone said.
“Meanwhile, they’re having to move farther and farther away, adding to the commute and congestion on our highways.”
Bluestone and others worry about long-term consequences if the current shortage continues.