Research shows rent control hurts the value of all property in a city, and the way state school aid is distributed means other communities will lose some of their education funding if rent control returns.
Hundreds of millions of dollars of property taxes are on the line if sea level rise driven by climate change eats away at coastal home values, the report warns.
With all due respect, one wonders whether the mayor’s CFO is living in the same world as the rest of us in day-to-day contact with the business of real estate and development.
Trulia also discovered that if a house was haunted, buyers would rather it be possessed by a vengeful ghost than a demon. And, apparently, they’d be willing to live with the antics of the poltergeist: Less than half would be willing to pay for an exorcism.
A new report says cities and towns in Massachusetts experienced their strongest revenue gains in a decade during a recent 12-month period.
