Online Content

1. Price, Marsha with Thomas Kelly, "Boston Housing Dynamics, The Boom and Bust"

Type:
Document
Date Created:
2005 July 17-2005 July 21
Collection:
System Dynamic Society Records
Collecting Area:
University Archives
Collection ID:
ua435
Parent Record(s):
23d738ba88f8333bc39725f9cb5bd0b8, 3c582e6f5cf305ef0030c7471b499022, and cc5bb0ac12a5b68b26b1583548898dae
Thumbnail Path Ss:
/downloads/sq87cb99n?file=thumbnail
System Modified Dtsi:
2020-01-02T19:34:57Z
Description:
Boston's residential real estate market has seen dramatic growth in recent years. Prices have doubled and then doubled again. No one knows how long this will last. Is it a "bubble"? If so, when will it burst? Is it still safe to invest? Is it time to move? Fine questions for owners and speculators--but the consequences of the continuing boom are disastrous for those of lesser means working in Boston. Boston's Mayor Menino has made his Affordable Housing initiative a top priority. Understanding the dynamics driving the market and the success or failure for these initiatives could be a key enabler of robust public strategies. The dynamics displayed and described in this session were developed on a pro bono basis working with Boston's Department of Neighborhood Development at the request of Mayor Menino. Extensions of this work with the Mayor's office and additional housing agencies are underway.