Will the cost of housing tank the Massachusetts economy?
“Another, even broader, issue here. The cost of housing may threaten the economic future of Massachusetts.”
“We are facing a potential “brain drain,” says Michael Goodman, a professor of public policy at the University of Massachusetts Dartmouth. In this hub of intellectual firepower, our most potent natural resource isn’t land or oil; it’s talented people. And when they can’t afford to live in the state, that’s a problem.”
“When the Roundtable
surveyed members this year, they found the single biggest reason companies gave for reducing their footprint in Massachusetts was the “cost of living.””
“Most of the Greater Boston communities just don’t want housing,” he said. Residents often resist more kids in the schools, more pressure on public resources, more traffic. Many towns, he says, have sought to reduce the number of residential units that developers can put in building projects, instead preferring lab and retail space.”
“Afordable housing regulations have little impact, if a town is willing to endlessly litigate, or to incur whatever penalties or fines might come their way.
Indeed, he’s come to believe that a massive expansion of public transportation may be the only viable option remaining.”
“The fact that decision-making about housing is so decentralized doesn’t bode well for change,
though the state does have the ability to reclaim a good deal of authority, if it wanted to.”
- - I did not know about this. Were literally in an emergency right now, may need to look more in to this.
https://www.bostonglobe.com/2022/08/01/business/will-cost-housing-tank-massachusetts-economy/