ThatFrenchieGuy
ThatFrenchieGuy t1_j6jerns wrote
Reply to comment by ClarkFable in Maura Healey wants to solve the state’s housing crisis. Here’s step one. by _Hack_The_Planet_
Also when developers buy out space to put a mid/high rise in, they tend to pay 10-25% over market to get you to fuck off and go away. It's a great place to be if you own property in an area that should be denser.
ThatFrenchieGuy t1_j56yjcb wrote
Reply to comment by 3720-To-One in Five-building residential and life-sciences complex with a museum could rise on long vacant parcel on Tremont Street across from police headquarters by rabblebowser
An absolute shitload, there's a multiyear wait for more space right now because COVID caused us to make so many huge breakthroughs in biotech that are all moving forward at the same time.
ThatFrenchieGuy t1_j6jf858 wrote
Reply to comment by IntelligentCicada363 in Maura Healey wants to solve the state’s housing crisis. Here’s step one. by _Hack_The_Planet_
It's not 100% of the way there, but we go from ~100k units short to 10-30k units short. It won't be enough construction to get rent to go down, but it will be enough to get rent to go up a lot less than the current 5%/year average.