Submitted by boingochoingo t3_10w56s9 in RhodeIsland
r0k0v t1_j7l700p wrote
Reply to comment by MuckFike69420 in Is it me or is everyone relocating to RI? by boingochoingo
Yeah I mean technically our housing market is ruined by out of state , but it isn’t because of people moving from Texas or Tennessee or the rest of the country. Most of the price increases in RI are a downstream effect of the housing costs in Mass and people moving to RI.
This is really more of a supply problem than a demand problem. If Mass wasn’t full of wealthy nimby suburbs located next to major cities/employment centers we wouldn’t have nearly as much of a problem in RI.
So I agree with you, but let’s be specific in pointing out that this is mostly Massachusetts’ fault. The same scale/change in price has been seen in Taunton, Fall River, Worcester, haverhill, and other old industrial cities because there is a massive mismatch between where employment is and where affordable housing is.
MuckFike69420 t1_j7lap3v wrote
I'd agree with you but while most are from Mass, relatively wealthy people are flocking here in droves from all over and eating up housing where I live. Some are not buying but renting which is just as big of an issue. I met a new family from Texas and one from north Carolina that moved into my apartment building this past week.
Viewing a single comment thread. View all comments