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Current-Weather-9561 t1_j6mx168 wrote

Serious question: apartment buildings are being slapped up left and right everywhere. Chelsea, Revere, Allston, Cambridge, seaport, the list goes on. Who is living in them?! And why isn’t more housing fixing the renting issues? I mean, everyone claims rent control is a bad solution, and building more housing is better. But all I see is housing being built, but renting hasn’t improved

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man2010 t1_j6n0aym wrote

The existence of these new buildings doesn't mean we're building enough to address our housing issues, nor does make rent control any better of a solution. 2022 was the worst year for new housing construction in Boston since 2015, so you really aren't seeing that much new housing being built.

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PapalStates t1_j6nio17 wrote

The Alcott (huge new 45 story luxury tower next to North Station) is 99% occupied as of yesterday. And the rent is ridiculous. People want to live here. Badly.

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magejangle t1_j6nghg1 wrote

market dynamics might just take some time imo

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