Whether Baby Boomer or Millenial, the need for affordable housing is dire in greater Boston. According to statistics, more than 38% of Boston’s homeowners are spending one-third of their income while 25% of renters spend half of their salaries to keep a roof over their head.
These statistics have residents, builders and politicians debating the solution to the shortage of affordable, scalable housing. Empty-nesters downsizing and first-time homeowners are vying for the very same thing, which is affordable, low-maintenance housing, and this may be an instance where seniority will not take priority.
As the following link suggests, solutions are debatable while the need is greater than ever.