How many times have you heard that “your home is your biggest investment”? It’s something we’ve been told for so long, that it has become ingrained as prevailing wisdom.
But what does it mean for something to be a good investment? It means the price has to go up. And the higher the better.
But if housing prices keep going up and up and up, eventually they become unaffordable to more and more people.
So if housing has become unaffordable, it’s because our housing policy has worked! Yay!
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Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.