On the same day the Boston Herald posts an editorial calling for voters to vote “Yes” on Question 2, the repeal of the “affordable housing law,” the Boston Globe reports on a housing study that says Boston rents will remain high for the foreseeable future. The study is mostly a yawner, stating that the housing market in Boston is facing a double-whammy: higher foreclosures, sluggish sales, while the rental market remains low vacancy and expensive. The rental market will remain low vacancy (and expensive) thanks to students and those-who-should-own-but-can’t-afford and those-who-used-to-own. Not exactly something we didn’t know.
BostonREB Ford Realty > Report: Boston rental market will remain expensive