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Originally Posted by FlyingScot
Yes, tech is driving the Seaport, and also Kendall Square, across the river in the People's Republic--amazing how those "over-regulated" areas are outpacing virtually everyplace else in the country for growth.
I agree that affordable housing should probably be focused on less expensive land. But the taxpayer does not pay for this difference--the city forces the landowner to set aside affordable units in good nanny state style. So it's the landowner paying.
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It actually depends on what classification the housing is 40B etc.... I have lived in I think 3 buildings where, what happens is the other tenants of the buildings rent is increased so the affordable housing folks can live there for 400$ per month. The landlord is never going to eat the cost. I lived in a apartment in the seaport 4 years ago and my neighbor use to boast about how he paid 550$ per month to live there, his apartment smelt like trash, he never worked, listened to loud music 24/7 and we couldn't wait to move out.