dxbaileyy

dxbaileyy t1_jeb63b4 wrote

You may have some luck in Allston/Brighton. I assume you want a 1 bed - it won’t be impossible to find one at $2K or less but these get snatched up pretty fast. A one bedroom that’s $2k or less, with no broker fee, and close to the T is going to be harder to find and even harder to secure because a lot of people will also want that great of a deal.

You will likely need to increase your budget by $100-200 and compromise on the broker fee. Maybe you’ll get lucky but I want to be realistic with you. I still think Allston/Brighton is your best bet especially if you’re concerned with safety and still want to be in city limits.

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dxbaileyy t1_j6p1voj wrote

The private sector has no reason to build low income housing. If you factor in the cost of land, labor, and materials then there would be little ability to charge below market rates. Low income housing can really only be built by the state or city unless there is some magical developer who is willing to lower their profits.

The addition of newer units to the market should eventually lower the price of older ones. It may not be a perfect solution but it will still help.

Finally, to address how do we stop the “never-ending stream of wealthy people” moving here- we don’t. These people will continue to come here regardless of how much housing there is but if there aren’t enough newer/higher end units then they will opt for the older ones like they do now.

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dxbaileyy t1_j6jm5a3 wrote

The only people who think San Francisco and LA are the “laughing stock of America” are conservatives who never leave their hometowns.

The only thing that makes Boston similar to either of those places is the cost of living. Rents and home prices are driven by demand so obviously there are plenty of people who still want to live here and can afford it.

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