odurandina
Senior Member
- Joined
- Dec 1, 2015
- Messages
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Globe blighters;
pro-development outreach;
Globe blighters' views debunked;
salemgal08/29/16 10:29 PM said:The developers get rich, usually. But what happens to the soul of the city when the buyers don't live there? Oh right, all that matters is that the developers get rich. Class envy? No, I'm comfortable enough. But neighborhoods do need a soul. That's what makes living in them and visiting them worthwhile.
shadman399908/29/16 11:54 PM said:can't wait for the RE bust and those "investments" can't be rented. And I agree, we are losing our human scale neighborhoods.They are being reduced to commodities with no sense of community. No one knows who their neighbors are. Strangers move in and out-- much like what is happening with Air BNB in larger buildings.
cawinkler08/30/16 12:03 AM said:If we aren't careful, parts of Boston could end up like expensive parts of London, which are ghost towns after 6pm because no one actually lives in the pricey buildings -- they are investment properties sitting empty.
It is sort of creepy.
kpoc2708/30/16 08:37 AM said:Salemgal, totally agree. When the boom goes bust they won't sell--these condos will sit empty until the price goes up and it will be a ghost town.
pro-development outreach;
RiderTaxpayer08/30/16 12:04 AM said:The BRA and Boston's Mayors create a valuable commodity every time they OK a Real Estate Development Project. ...Every time the BRA and Boston's Mayors fail... the residents of Boston wind up paying more than they should for City services, and/or they do not get the quantity and quality of the services that they are due.
tosh3308/30/16 11:13 AM said:Shadman.... Boston will have a real estate bust on residential when hell freezes over. Boston is likely to surpass 20,000,000 Sq ft of permitting in 2016...
Having intermediate buyers come in with these types of multi-unit investments does a great service to Boston by stabilizing the construction and real estate markets by allowing supply to be added over several years, rather than having too much supply followed by a shortage of luxury units. Investors also do a service to developers; effectively becoming co-sponsors, allowing them to build at the correct scale, shrinking risk, then allowing them to move on to the next project. Win/win/win/.
nepatz1108/30/16 11:26 AM said:(Yes), it's much better to be a parochial backwater burg than an internationally desirable world class urban center. ...It is having desirable real estate.... Boston's condo market is booming right now. Condos are selling in luxury buildings. If you think that is a bad thing your crazy. And if anything building density allows supply to match demand... Go Boston!
MissionAccomplished200308/29/16 10:55 PM said:"Richard Baumert, Millennium’s top sales executive, said three quarters of the new owners in the tower will live in their units."
I've been living in downtown Boston for 30 years and I'm very glad that the City has become so attractive to the world. Onwards and upwards!
Globe blighters' views debunked;
terrier8908/30/16 10:34 AM said:walking around the Back Bay, South End, East Boston, Brighton, Cambridge, Brookline and even South Boston and you will see diversity as rich and varied as New York or London. As someone who has lived in NY, SF and Boston, I can attest that this city is on par with any of the world's elites.
whostruthisit08/30/16 05:45 PM said:DTX is certainly a neighborhood. I have lived here for 5 years and it's getting better every day. The investment by the city, majority of building owners and developers has turned what was once the worst area of Boston with the best location into one of the nicest parts of the city.
There have been countless business open and large retail is moving back to and investing in the area. We just got a concept Walgreen and a supermarket.
There is density in this area with the Ritz Residence Towers, Millennium Place, 45 Province St, Millennium Tower and the countless condos and apartments on all the neighboring streets. There are a lot of people out spending money in the community and supporting local businesses, the area is busy and growing.
There may be foreign investment but they (ACTUALLY) do rent units to local Bostonians to live, so I am trying to figure out how this whole area will become a ghost town. Do you research before spewing hate.
ba200608/30/16 12:03 PM said:Yes, there is ethnic and racial diversity in Boston. In fact, Boston is 1/2 people of color.
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