More Market-Rate Units Will Not Result In Affordable Housing In Charlestown
Multiple bills proposed in this legislative session claim to be about affordable housing, but all that any of them achieve is an increase in the number of market-rate housing units. Increasing supply might work to lower housing costs in some communities, but it hasn’t worked yet in coastal towns. Charlestown is within 3 hours of over 25 million people. The supply of affluent people willing to pay high prices for homes and short or long-term rentals will consume the increase in housing production.