As most of you are aware the Boston area is already a very expensive city to rent an apartment or to purchase condominium or loft. The facts are this situation will not change in the future. But as we all know the expense is worth it to be able reside in such a wonderful city.
In a new report, the Metropolitan Area Planning Council suggests that the Boston area will need 435,000 new apartments, condominiums and homes over the next quarter century. To put this is perspective that is enough to house the entire city of 2014 Boston.
On a positive note we will need a tremendous amount of construction in our beautiful city to fill the need for housing. This means jobs for the construction workers and also their support industries and of course the Real Estate Market. This is a great windfall for our entire city.