Why you need nearly $125k a year to afford living in Boston
ฝัง
- เผยแพร่เมื่อ 8 ก.ค. 2024
- Within the next five years, 25% of people aged 20 to 30 said they plan to leave Boston, according to a recent survey from the Boston Chamber of Commerce. Why? The cost of rent, job availability and the ability to buy a house were all top factors. Resident Esvin Yancour is one of these young people who was pushed out of East Boston due to increased rent, and was forced to split up his family and live in Lynn, then Malden. Yancour and Steve Meacham of City Life Vida Urbana joined Tori Bedford to talk about this crisis and what can be done to keep people in Boston.
00:00 - 3:45 Intro and Esvin's story
3:45 - 5:30 The housing crisis
5:30 - 7:00 The neighborhood changing
7:00 - 8:46 State action
8:46 - 10:53 Future steps
GBH News is a premier source for in-depth local news and original story telling based in Boston, Massachusetts.
Subscribe to the GBH TH-cam channel: th-cam.com/users/gbhnews?sub...
Follow GBH News on Instagram: / gbhnews
Like GBH News on Facebook: / gbhnews
Follow GBH News on Twitter: / gbhnews
We can’t do it without you. Support our award-winning community journalism by donating today: bit.ly/SupportGBHNews
![[페이스캠4K] 베이비몬스터 치키타 'FOREVER' (BABYMONSTER CHIQUITA FaceCam) @SBS Inkigayo 240707](http://i.ytimg.com/vi/x9VRNTV4VDI/mqdefault.jpg)
Are you getting priced out of Boston? Tell us about it:
Is part of the Renew Boston plan that the been slowly Rolling out for 10+ years. They want College graduates to all stay in Boston forever after school. They will be able to afford the new buildings everywhere and Boston will be all bike riding scholars. All low income people are getting relocated slowly to Brockton Lynn or Connecticut etc.
I left 15 years ago because of police corruption.
I'm being priced out of Massachusetts, at this point! My rent has gone up 83% over the past eight years, while my income has gone up 14% at best. Meanwhile groceries and most other expenses have increased by 50% to 100%. Bread cost $2.49 a loaf before COVID. Now that same loaf costs $4.99. There's no way to make those numbers work. And I'm not even young!
Most major cities and metropolitan areas are now very expensive due to
private equity firms buying up houses and apartments and raising the rents to astronomical levels forcing most people earning less than $250,000.00 a year out of these areas. This is totally unacceptable.
Blame the greedy corporations for price-gouging rent prices.
I used to make good money, but I hated the corporate culture so much I quit.
The biggest problem is corporations monetizing homes as a stream of revenue. Unless the state does something about this, we will be like Georgia where 3 companies bought over 19000 homes to rent them out at their price. No homes for sale. Google it. When everyone moves the city will get less tax revenue and everything will go to south quick. Rent control; is needed also.
There are PLENTY of elder/older POORS who also cannot afford the cost of living increases, and have never been able to buy a house.
Yes! :/ Unless/until we bring back Rent Control- the landlords, management companies, and corporate powers will continue to exploit tenants for as much as they can.
They don't have to be here, move to a cheaper (and warmer) state
A number of Bay State politicians advocate a "build and pave" response to the need for more housing. But that ignores the environmental harm inevitable with massive growth. Shortly the annual water use restrictions will go into effect for many towns and cities. Thoughtful consideration is needed before a housing boom becomes an environmental bust.
''Most of the great problems we face are caused by politicians, bureaucrats, financiers, elites, bankers, pharma, MIC, big-agri, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
You can also thank the city for raising re taxes on homeowners. They have doubled it since 2020. Most are unable to keep up with these increases as well. Insurance co.'s have doubled rates forcing these generational owners to replace roofs 20K and cut down trees3-6k each. The city is giving FREE land to developers in exchange for a few units being put aside for low income and the rest are overpriced. The landlords who care about their tenants are also being displaced. Address this issue as well. Be fair. The blame for raising rents are in direct correlation leaders abusing regular people in order to line the pockets of the developers, buying grandpas house, knock it down and within a couple weeks got particle board saltbox apt. buildings. The city is responsible. For increasing the pressure on to sell to their developer buddies. Please address both sides of this story.
True facts and thanks for sharing.
Seems in sync and widespread.
Toward topic of taxes.
Ah and the sweet stories of life, family, health, wealth, security, safety, jobs, progress, and sound future.
Out of all life, humans, jobs, property, raw materials, rocks, soils, water, air, plants, trees, animals, fish, creativity, labours, produced, goods, foods, etc all furnished by Nature/ Creator/ G-d; are extracted major portions by govs to pay,
Toward paying as of late e.g. (CAN $2.3+ Trillion debt doing calc on it too is about $65,000.00/ per human)
US $34+ Trillion gov debt. It on human scale is about $101,000.00 debt on each newborn baby and everyone else until after in graves in including their successors all plus interest / usury.
Imposed by who, why, ...from shenanigans, schemes, scams, wars, proxy-wars, corruption, greed, tyranny,.....???
To whom is debts owed?
Private Profits & Lucre of Few
paid by many versions of
Socialised Losses
and
Taxes,
Tax his land, Tax his bed, Tax the table at which he's fed.
Tax his tractor, Tax his mule, Teach him taxes are the rule.
Tax his work, Tax his pay, He works for peanuts anyway!
Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he tries to think.
Tax his cigars, Tax his beers, If he cries tax his tears.
Tax his car, Tax his gas, Find other ways to tax his ass.
Tax all he has, Then let him know, That you won't be done till he has no dough.
When he screams and hollers, Then tax him some more, Tax him till he's good and sore.
Then tax his coffin, Tax his grave, Tax the sod in which he's laid.
Put these words Upon his tomb, 'Taxes drove me to my doom...'
When he's gone, Do not relax, Its time to apply the inheritance tax.
And
more taxes, assessments, levies, fees, plus interest / usury,...all flavoured with inflation
poem - from Adam Smith Institute
Blended with and compounding everyday humans' bliss, health and tranquilties are the:
Promotions, fostering, urging & even forcing everyone into debts e.g.,
Mortgages, equity-loans, reverse-mortgages, small business & farm loans, payday loans, credit cards, car loans, personal loans all plus interest / usury.
PS: Let's toast & cheer litigiousness teamwork of lawyers / politicians/ legislators / bureaucrats / judges /courts /
and
financier/ insurance realms.
With their clever self-assured lucrative business model of fears and collecting insurance premiums from most of humanity.
While accordingly stimulating worst behaviours among humanity.
Enhanced with domestic &/or International contrived, false-flags, insidejobs, wars, sabotages, schemes, crises, scams, swindels,
seizing private property, lands, houses, small businesses & farms, bank accounts, for more opportunities to plunder and abuse with.
Seasoned with resulting refugees, and migrants galore flowing especialy into US, CAN, UK, EU, AUS, NZ, SA, and other countries.
PR labelled Life, Health, Liberty, Security, Prosperity, Future, Wellbeing, ...
To hide indentured servitude, serfdom, poverty, landless-ness, homeless-ness of all ages including veterans, and subtle camouflaged slavery now and into future generations.
If any complaints, it's MAID
@@janetcohen9190 I thank you for that! Best to you!
@@darlinevictor Grateful for your comment.
I'm delighted to stumble on your wisdom too. Hope more people awaken.
Kindest regards!
Housing market need a reset and reform. Plus, order a mandatory audit on most of these greedy corperate/investor landlords who are driving the house prices and rent. If not, they will turn our country into a 3rd world status. Politicians supporting them need to be voted out of office.
Great video
Its not a 'young person' issue...
EXACTLY! I'm a hell of a lot closer to retirement age, and I've been working for the same large MA company for over 25 years. Even so, I'm being priced out of the suburban market. Living in or near Boston is just an impossible dream, now. Like retirement.
@@PeterMaranci Exactly... :/ Same here...
Rent control will just make the problem worse knuckle heads .
When city is giving free money to migrants someone has to pay.
Spending billions on MBTA and increasing taxes on people who make more money and those are the people moving out of state… these poor decisions are costing the middle class
you all voted for this
I make $89,000 a year and I live in a tiny one bedroom apartment. The only reason I'm able to save any money because I have a used car I have no payment on and no student loans.
"Rent control" nearly destroyed nyc in the 80s. Do what the Asians do -- go in together on a nice, large family home that will increase in value. Everybody lives there and helps to build equity by paying a mortgage or into a shared fund (LLC).
Never, ever purchase a home with someone you’re not married to though!
@@hellosaysandrew that's a riot ROFL
@@the_expidition427 Obviously they've never been married 🙄 😒 😑 🤣
A worthless city to live in.
It's funny how this hispanic guy is talking with the enemy and how the enemy shows compassion for him and his family when they are the ones causing his family pain..
Thank you for voting 🗳️ Republican 🤑👹