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iterable t1_jci5n2j wrote

Gentrification is massive issue in the city. My company has lost employees who have been unable to find affordable housing. I am currently also in the same boat. Even if you are shown to be a great long term renter most landlords right now are willing to take a risk and double or triple prices. They are gambling on getting people from Boston area willing to commute. But I know first hand this is not working out. In the end many apartments are sitting vacant. Either way I heard that they are looking into passing new rent control laws. NPR says its a statewide issue geting worse. *EDIT write your local and state officials. Tell them how long you have been a renter and where you have lived. Most will actually read your letters. Let them know what is happening and we need action sooner than latter.

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Suspicious-Engineer7 t1_jciarm9 wrote

gambling on tenants that don't/barely exist while making your current tenants homeless. American dream.

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iterable t1_jcidgbx wrote

Yup and then if they cant find a tenant the landlords will then apply to make the apartments section 8. But to my knowledge they have no control over who the apartment gets rented to. Also heard horror stories from some on that wishing they had kept the good renters.

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Doom-Hauer451 t1_jcivoi4 wrote

They can’t deny anyone because they’re on section 8 but I think the applications are still subject to things like the credit/background check, eviction history and having enough for the move in deposit - basically every other criteria besides income because that would be taken care of by section 8.

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AceOfTheSwords t1_jciul64 wrote

They exist enough to justify all the new luxury housing going up downtown. Either that or the rental market is about to collapse.

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Suspicious-Engineer7 t1_jciz2c3 wrote

I think you can see pros and cons for the luxury renting market in regards to rising interest rates. Buying a house is unattractive at the moment, but also the number of people who can pay higher rents is shrinking. Bad time to become a landlord as you're competing against people who have locked in interest rates and can charge less if they have to.

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JohnnyGoldwink t1_jckaapt wrote

A lot of these people coming from Boston don’t have to commute.. they’re working from home 95% of the time and commuting into Boston maybe once a month for an in person meeting or event. I don’t see this problem going away, unfortunately.

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Jaekash1911 t1_jcke93e wrote

I'm a landlord in the city. About half of my new tenants are from Boston area

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