Boston Real Estate for Sale

Data out yesterday from the US Census Bureau shows that Massachusetts has lost 40,000, annually, from 2000 to 2004.

The Boston Globe puts an interesting spin on it, opting not to blame high housing costs (as the New York Times does) but lack of jobs, for the exodus.

I think you know where I stand. I’d love to see more housing built, because I think it would bring down the cost of housing.

That’s not likely to happen, in downtown, because of historical protection acts and activist neighborhood associations, and not likely to happen, in the suburbs, because of zoning and NIMBYism.

Here’s some depressing words to mull over:

Michael D. Goodman, director of economic and public policy research at the University of Massachusetts’ Donahue Institute, called the state’s population trend ”an unfortunate story.” The state’s primary competitive advantage has been its highly skilled workforce, he said. But the native residents who are relocating are disproportionately younger, better educated, and more likely to be employed in a high-tech industry, he said.

”Absent some significant policy action, absent some renewed economic growth and job growth in particular, I think the population trajectory for Massachusetts is very troubling,” he said. He cited social and economic challenges resulting from an aging population and a shrinking household size. ”We fail to act at our own peril.”

Complete story: Bay State exodus 2d only to N.Y. But census finds slower N.E. losses – By Stephanie Ebbert, The Boston Globe

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Updated: January 2018

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