Massachusetts politicians are considering new sales taxes on home and real estate purchases. If passed, renters, young people seeking to enter the housing market and retirees looking to downsize would foot the bill for years of government inaction on fixing the state’s housing crisis.
New sales taxes on real estate would stifle development, undercutting efforts to attract new businesses to Massachusetts and create jobs.
The first is the region’s massive housing supply shortage, which leaves a large number of potential buyers competing for relatively few available homes, causing bidding wars.
Massachusetts is known for being one of the most expensive states in the nation to live in. With the cost of housing continuing to skyrocket, two Bay State leaders are taking a stand.
It’s paid for historic fire trucks and church steeples, parks and swimming pools. But the popular law, which communities can opt in to, hasn’t led to enough new housing.
We pride ourselves on being forward-looking and inclusive as a Commonwealth but when it comes to building the housing that would create more inclusive communities we pass the buck.
The first is the region’s massive housing supply shortage, which leaves a large number of potential buyers competing for relatively few available homes, causing bidding wars.
Massachusetts is known for being one of the most expensive states in the nation to live in. With the cost of housing continuing to skyrocket, two Bay State leaders are taking a stand.
It’s paid for historic fire trucks and church steeples, parks and swimming pools. But the popular law, which communities can opt in to, hasn’t led to enough new housing.
We pride ourselves on being forward-looking and inclusive as a Commonwealth but when it comes to building the housing that would create more inclusive communities we pass the buck.
Greater Boston Real Estate Board
Three Center Plaza
Mezzanine Suite
Boston, MA 02108
617-423-8700
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