Are you a professional looking for a Boston apartment? Good luck.

Boston is facing an apartment inventory crisis. The two culprits; off-campus housing and short-term rentals. Boston is making an effort to fight these problems. First, last year the city approved permits for 5,400 more dorms, of which 3,219 have been completed. On the short term rentals side, the city requires owners to register their apartments or condos with the city and will implement a tax.

unfortunately, Boston neighborhoods have not seen a reduction of off-campus housing nor short-term rentals.

The Problem

Although more dorms are being built, there not keeping up with student enrollment. Just to give you an example, of the 30 Universities and colleges in Boston, the total enrollment is 147,050 an increase of 3.7%  from last year.

Couple this with the rise of Airbnb and other short-term rental platforms and you end up with an apartment housing crisis.

The Solution

Cities like Cambridge and Somerville have now basically ended all short-term rentals with heavy fines if violated.

Regarding off-campus housing, how about a tax on the colleges and universities if they exceed an enrollment limit based on a student to dorm ratio.

Another solution,  let the private sector build privately own dorms that makes financial sense to the real estate investor. Privatizing dorms has proven successful in other parts of the country especially with grad students

Your thoughts?

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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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