October 28, 2025 - 03:53

Councilor Brian Worrell has unveiled a bold plan that seeks to increase the tax rate on large and luxury apartment buildings in Boston. The proposed measure is designed to alleviate the financial burden on the average Boston homeowner and small landlords by redistributing the tax responsibilities. Worrell's initiative has sparked significant backlash from developers, who argue that such a tax hike could deter investment in the city's real estate market and ultimately lead to a decline in housing availability.
Developers contend that the increased tax burden may result in higher rents for tenants, counteracting the intended benefits of the proposal. They express concerns that the plan could discourage the construction of new luxury apartments, which are often seen as a necessary component of the city's housing strategy. As the debate unfolds, Worrell's proposal highlights the ongoing tension between affordable housing initiatives and the interests of the development community in Boston. The councilor remains firm in his belief that the plan will lead to a more equitable tax system, but its future remains uncertain amid the pushback from developers.
January 30, 2026 - 02:55
UND Nistler College of Business & Public Administration announces newly named Fransen Department of Real Estate, Economics & FinanceA landmark gift from University of North Dakota alumnus Bob Fransen has led to the establishment of a new real estate major and the renaming of a key academic department. The UND Nistler College of...
January 29, 2026 - 20:51
Coldwell Banker Real Estate Announces 2025 Year-End Award WinnersColdwell Banker Real Estate has announced the distinguished recipients of its 2025 year-end awards, celebrating the exceptional achievements of its top-ranking sales professionals and affiliated...
January 29, 2026 - 05:35
Trump Wants to Fix the Broken US Housing Market. Can He Succeed?The American housing market remains a central point of economic anxiety, characterized by soaring prices and a critical shortage of available homes. As the election cycle intensifies, former...
January 28, 2026 - 03:30
How long saving for a down payment takes in Tampa BayProspective homebuyers in the Tampa Bay area are facing a sobering financial reality, as accumulating a down payment remains one of the most significant hurdles to owning a home. Recent analysis...