Real Esate MA

Boston Condos

The Globe has a front-page story this morning on growing concerns that there may soon be a glut of luxury apartments in Boston due to all the ongoing downton construction.

Some people say it’s time for developers to shift gears and start building other types of housing in other areas of the city, which is what the Mount Vernon Co. says it is doing in Allston at its so-called Green District complex (see image above from its web site).

Others developers say they’re not worried about a glut.

Who’s right? Who knows.

But here are our quick thoughts:

— Let ‘em build luxury apartments if they want. If some of the luxury projects go bust, well, that’s the free-enterprise system. Those buildings would then be picked up at much cheaper prices by other investors (probably after foreclosures) who could then charge lower rents to undermine their competition. Isn’t that what we want? Competition? Is a partial glut such a bad thing? More on possible busts here.

— At the same time encourage other developers to build elsewhere in the city. Allston, Brighton and East Boston are fine. And so is trendy Jamaica Plain.

But how about the other neighborhoods outside the core downtown area where land is cheaper? Hyde Park, Roslindale, Dorchester, Mattapan and Roxbury, etc

— Encourage construction of more condos and small multifamily townhouses. The city and state need more housing for people to own and sell, not just rent.

— Make it easier for small contractors – not just huge multi-state contractors – to build in Boston. This might take action on various zoning and building-code rules. The BRA might also have to sell off some of its vacant lots strewn throughout the city. The goal should be to become less reliant on a dozen or so large companies to build housing in Boston.

Let’s get more contractors involved – and contractors who know the neighborhoods and don’t need to make the mega-huge profits ultimately demanded by the large investors backing all the mega-huge luxury developments projects.

Just a few thoughts.

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Updated: December 2017

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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