If you don’t like the rent don’t pay it. If they can’t rent the unit then they will lower the tent. If the rents are high enough it will encourage construction of more housing.
In Boston new housing is either taxed with linkage fees, burdened with low income set asides, burdened by years of...
When investing great sums in illiquid real estate the landlord is betting that the property will be worth more later whether due to increased demand for housing, growth of urban area or more transit. What did a stockholder do to increase the value of Amazon stock?
Everyone is greedy, including...
the landlord owns the property. The tenants lease it they don’t have a right to stay at below market rents.
How about not cutting back every proposed development. Supply will moderate prices but we limit supply and this is the result.
The foundation piles were placed in the 1980s when the MBTA renovated south station and installed high platforms. This was a decade before electrification.
Shanghai has different areas. Pudong is the newer super tall area and the Bund and surrounding areas are much older and walkable urban areas. Nothing is one size fits all.
https://www.bizjournals.com/boston/news/2019/09/25/viewpoint-new-transportation-taxes-would-just-fund.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_boston+%28Boston+Business+Journal%29
Viewpoint: New transportation taxes would just fund...
Building is 56 years old. Last reno 31 years ago. It’s not that old but does need repairs and renovations again. Question is whether the $200m is better spent elsewhere.
Count me as not surprised at all. Just assuming they are finally reporting that there is graft in city approval process. Overly restricted zoning and over regulation creates this.