This is just my personal anecdote about rents going down in Austin, but today I got my first offer for a rent decrease that I've experienced in my life.
Initially I declined to renew after receiving a flat renewal offer. They came back with about a 10% decrease.
The difference in the two places I call home - Boston and Austin - couldn’t be more stark. I’m watching rents falls in Austin while there’s no relief in sight for Boston.
A complete failure of governance in Boston and the metro region.
It’s unheard of in modern American cities to have these two headlines apply to the same city.
The only reason it’s happening is because Austin leads the country in new homebuilding.
Austin's HOME initiative is already delivering. In one of its first proposals, a McMansion initially planned on a vacant East Austin lot pre-HOME will now be 3 homes.
On the left is the initial plan for the McMansion. On the right is the new plan.
Revised metro-area job data is out today!—here's growth since COVID:
Fastest gains: Austin (17.7%), Raleigh (12.1%), Dallas (10.6%), Tampa (10.2%), Phoenix (9.8%)
Largest drops: Milwaukee (-1.9%), Baltimore (-1.8%), San Francisco (-1.7%), Pittsburgh (-1.6%), Cleveland (-1.2%)
@SICEMBALL
Same unit in a downtown condo is 7/8k month all-in and value is falling fast with a ton of new supply about to hit. Figure in amortization schedule/interest, taxes, HOA, etc. Doesn’t make sense to buy right now.
This isn’t by accident. 8 of 11 members of Austin’s City Council, including our mayor, are featured in
@YIMBYtown
sessions next week.
Credit to
@t1rno
for noticing the amazing involvement from our electeds.
#sanfrancisco
approved a robust 6 units of housing in January. 4 of em SFH. This is the worst January for housing approvals since the heart of the Great Recession in January 10. It will take 1,138 yrs to fulfill the 8 yr housing element requirement.
Rent is down to 2019 levels despite massive population growth in Austin over past 5 years.
Home prices are down 20% off their 2022 peak - the most in the country.
Boy you really burned us! Wouldn't want Vancouver to experience these horrible things!
New residents at the South End's ultra lux church conversion, The Lucas, move in and immediately start NIMBYing against 540 homes proposed at the 112 Shawmut project. This project will include at least 108 (20%) income-restricted affordable homes.
#BREAKING
: Sources confirm to KQED News that
@MarkLeno
will concede the race for San Francisco mayor to
@LondonBreed
at a news conference at 1 p.m. today.
How Boston Loses 20-25% of its Potential New Market Rate and Affordable Housing:
9 Burney Street, Mission Hill
1. 31 apartments, including 4 IDP apartments are proposed
2. NIMBYs oppose density
3. Project redesigned to 25 apartments, including 3 IDP apartments
And yesterday we (
@downtownatx
) sent a letter to City Council and Planning Commission requesting to remove all FAR caps from downtown as part of a larger initiative to 4x the residential population downtown.
You literally sue in order to determine what people can and can’t build in their back yards.
We advocate to give people options. Pretty simple difference that voters have been able to decipher!
Why can’t you?
Why do the Austin Urbanistas call themselves YIMBY (Yes In MY Back Yard) when what they really stand for is Yes In YOUR Back Yard (YIYBY)? The former is an expression of their own property rights, the latter is an expression of disrespect of everyone else’s property rights.
"We are doing everything we can think of" in Boston to address housing crisis, says
@SheilaADillon
at
#lincolncities
. "We have treated it very very seriously. But we are still coming up short."
It’s great to be home for the holidays but it’s sad to see this absolute stain on Boston’s waterfront remain.
A result of a lack of political will, run-of-the mill NIMBYism, and frivolous litigation dressed as environmentalism.
Traffic should never be an excuse to not build housing. We shouldn’t be building a city where we make it easier for cars to travel fast. Let’s make our roads multimodal & inconvenient for people to cut through with single occupancy cars. That’s how we make our streets safe.
@WelcomeToDot
@housebostonorg
Yes. Not only transit but traffic is over burdened. Try crossing the fourth St Bridge or getting down Avenue A or Second St during rush hour.
This won’t make national headlines but Austin’s pro-housing City Council continues to pass rezonings to spur housing production.
This industrial park near a new
@CapMetroATX
station is now zoned for buildings up to 491 feet.
The worst and most common form of gentrification in Southie. Zero new housing units created. Just a two-story building being flipped into more expensive housing. Lower income residents substituted for higher income residents.
@parkersewell1
There is no god-given right to live in your top choice neighborhood. There are commercial, industrial & MF parcels all over Austin where townhomes could be built, plus, even if there was an opt-out, the Houston example shows us that not every neighborhood will. Very few did.
It's fascinating looking at old pics of Boston that show streets that aren't completely lined with cars. They provide a great perspective of just how much public space exists, and how so much of it is now taken up by cars.
Here's Southie at L Street and East 6th in 1929.
603 Dot Ave in Southie was initially proposed in April. Just 2 months later it's set for approval on the
@BostonPlans
Board Meeting agenda. This parking-less project is a breakthrough that's moved forward quickly due everyone's activism.
This is how we solve a housing crisis.
A Tragedy in 3 parts:
Part I: Developer proposes 178 homes and 142 parking spaces (.8 spaces/unit)
Part II: 5 months of community feedback and our electeds pushing back
Part III: BPDA approves 151 homes and 204 parking spaces (1.4 spaces/unit)
Tonight's abutters meeting for the 400 Dorchester St project in Southie showed that the parking-less 603 Dot Ave project wasn't an anomaly.
Neighbors showed up & supported 35 parking-less apartments (all 1-beds). The 1st floor will be used for a restaurant instead of a garage.
Last June, a single-family home at 205 W 8th Street in Southie sold for 1.2 million.
Last week, 4 condos replacing the home went on sale between 839k and 869k.
Preserving single-family homes doesn't make housing more affordable for anyone.
City Councilor comes out against over 500 homes next the to the Readville Commuter Rail station on a site currently made up of empty warehouses.
Our electeds aren’t even trying to hide that they’re proactively exacerbating our housing and displacement crisis.
Thank you
@BostonGlobe
for amplifying the voices of the marginalized *checks notes* white homeowners who have held power and priced people out of Boston for decades as a result of their resistance to change.
Here's an example of what new apartment buildings in Austin are doing to win tenants. They know rents will continue to go down as more supply comes online, so they're looking for 18 month leases and giving major concessions.
Sounds like a transit issue and not a housing issue.
Sounds like we need protected bike lanes and dedicated bus lanes on Linden St, Cambridge St, Harvard Ave, and Brighton Ave.
Sounds like we need to give people reliable options to get around that’s not cars.
It's ridiculous that Boston needs to solicit public feedback for every single project, but it's especially ridiculous they do it for Small Project Review Applications (SPRA).
These are small scale projects that should be expedited - not slowed down by public process.
Any plan that considers a 4-story building near transit “too much density” or is exclusionary towards a type of household is a terrible plan that will exacerbate displacement.
@jarjoh
@WelcomeToDot
All of the above is called planning and can't effectively be done on a site by site or spot planning basis. Comprehensive neighborhood planning is key to keeping families, millennials and workers in our city.
@lcburch
@sam_d_1995
Any time NIMBYs block a project they can say they were “just lobbying for more affordable restrictions” so they can sleep well at night. No NIMBYs actually think they’re NIMBYs, and more affordable housing was not an option.
Linked below is a copy of the Letter of Intent (LOI) for the proposed Austin Street Lots Redevelopment project located in Charlestown, received by the BPDA on 3/15.
First post-midnight public testimony in the books. Hopeful for Austin City Council to pass meaningful Land Development Code reforms like reducing minimum lot sizes, compatibility reform, and upzoning near transit in the morning!
16,683 new jobs and just 3,247 homes approved.
Safe to say nothing was done in 2022 to improve housing affordability in Boston.
We should not have to keep point out that the jobs/housing imbalance is what has caused housing crises in city after city.
Nearly 1,200 homes and hundreds of affordable homes approved tonight by
@BostonPlans
. Please make these numbers monthly.
One thing that shouldn't get lost, Winthrop Square's approval paves the way for a 100% affordable 171 -unit building in Chinatown & a new Chinatown library.
There are thousands of units of public & low-moderate income housing proposed in your district currently held up in BPDA review/community process. That’s more blocked affordable homes for families than any other municipality in Massachusetts.
Please do something about that too.
Our neighborhoods are not for sale. As a city, we need to make it clear that our Boston housing market is truly for families, the middle class and folks trying to assure that they can live and work here.
#bospoli
#mapoli
I was appointed by the city to be on the Impact Advisory Group for this project. We had NIMBY push back throughout the process in regard to a 6-story building being too tall for Southie. I’m very excited to see this approved.
Welcome to the East Side of Southie, where the built environment has remained almost entirely unchanged for 100 years, transit is poor, and teachers can’t afford to live near their job so they do this crazy shit to park for work.
Maybe it’s me but the “metro comparison” discussions feel a bit stale right now. Your Austins and Nashvilles are what they are, the pandemic boomtowns have settled down. Possibly just a temporary lull.
Here's a candidate for Southie's State Rep seat stating that there is no community benefit to replacing a single family home with multifamily housing...in a neighborhood with a median single family home price of $1,025,000.
Just say it: "Southie is full. Go gentrify Dorchester."
This is the terrible harm “studies” like today’s cause. They rationalize NIMBYism in places where the study has no relevance. Homeowners and landlords are laughing all the way to bank when these come out and electeds lap them up.
35 apartments, including 6 IDP apartments, are proposed across the street from Andrew station in Southie. The project doesn't include any parking and the current site is made up of a convenience store and parking lot. The online comment period is open.
New market rate construction 2 bed apartments in Downtown Worcester renting between $1,950 and $2,075 should provide some hope that we can feasibly build affordable market rate apartments in our region. And, of course, you'll find people referring to these as "luxury" apartments.
More evidence showing Boston's economic growth is:
•Attracting high wage earners from across country & world
•Driving strong demand at all levels of the market
New residents will always find housing. Do we let them price existing residents out, or build housing so they don't?
Today's
@BostonPlans
Board Meeting will include the approval of bringing 5,000 new jobs to Boston. At the same meeting the city is set to approve just 250 new housing units. This imbalance is unacceptable while there are 1000s of proposed units being held up by
@BOSCityCouncil
.
I see its a “let’s extrapolate what’s going on with the most expensive .1% of our housing stock to all new housing” type of day. If only we could put back on the market a few hundred multi-million dollar condos (that have funded hundreds of affordable units) we’d solve our crisis
So excited to be at a rally to support
@SonjaTrauss
and
@johnson_d6
, candidates for supervisor District 6 in San Francisco.
We need pro-housing candidates in Boston like Sonja and Christine who will make real changes to solve our housing crisis.
#YIMBY
After tonight's City Council hearing on the 100% affordable housing overlay, someone counted 18 people in support and 11 opposed...but the energy in the room actually felt much more lopsided then that. Supporters are celebrating at People's Republik right now. Join us!
Here at
#TODrinks
with
@MASmartGrowth
and
@transitmatters
in Haverhill, a city that has so much potential with downtown access to the Commuter Rail. Investing in cities like Haverhill is critical to creating more affordable, walkable, and accessible options in metro Boston.
The endless calls for planning around Boston are almost always from housing-secure homeowners who don’t feel the urgency to fix the crisis that renters feel, and want thrust their exclusionary ideologies upon their entire neighborhood.
What happens when you don't speak out in support of more housing?
The project at 44 North Beacon St in Allston has been scaled back from 54 homes to 30, representing a 45% reduction. The proposal, within walking distance to the Commuter Rail, also now includes a parking lot.
Austin provides such a clear differentiation between performative leftists who care about aesthetics and actual leftists who care about driving down rents.
whenever I visit a new city I walk around for hours and get a feel for the place. walking around austin texas I feel absolutely nothing. I gaze upon the hideous condos and axe throwing breweries and my spirit neither sings nor weeps. this place is nowhere, these souls are lost
@jessekb
asks about the emergence of the YIMBY movement.
@SheilaADillon
responds: I love them...they're a godsend. They completely change the conversation when they show up to meetings.
It doesn’t matter how many councils you are on, if you’re not supporting dense housing near transit or job centers you are absolutely failing in environmental advocacy.
Car CO2 emissions are bad, actually.
Walked to Andrew Station today thinking about the tragedy on L. 1st crossed the intersection of the highways at Old Colony & Dorchester St then Andrew Square
This isnt an L St or Day Blvd problem. It’s a cultural one where we prioritize convenience (speed) for cars over all else
You cannot claim that you are putting the needs of the most vulnerable first when you are actively advocating to deny them homes.
In January it was homeless housing denied in Peabody.
This week it was 100% affordable housing denied in Salem.
Pass Housing Choice now.
@richardvetstein
There is no land to build in Braintree (South Shore Plaza)? What about Newton (Riverside)? Both projects blocked. How about anything besides strip malls and malls along Route 9 or Route 1? These are metro numbers, which I’d argue Austin is more dense than metro Boston.
@atxREpodcast
Disagree. Prices need to come back down to earth. Far right column still shows us way up since 2020 (mislabeled as 2022). We're also being compared to nearly all horribly supply-constrained markets. Better yet, August was our best month of the year for building permits.
"We don't want any more renters in our neighborhood"
"We want homeowners who are actually 'invested' in the community"
The fact that people are comfortable voicing these xenophobic comments at public meetings shows how unrepresentative our homeowner-centric community process is
We could watch new residents with well paying jobs displace people out of existing housing, or we could build homes for them so they don't.
We could be San Francisco, or we could be different.
After introducing the bill last Friday, we already have over 30 co-sponsors ready to vote yes.
We have even seen some initial interest from Republican lawmakers — I’m working hard to get them on board too.
🧵4/9
An exchange at a public meeting in Southie on a 5-story project.
NIMBY: Who did the shadow study?
Architect: Me
NIMBY: I don’t trust you
Architect: Well the sun rises in the East & sets in the West no matter who does the study. There’s not much variance we’re working with here.
Every time they say the phrase "Shadow Study" at Planning, I laugh involuntarily. The idea that there is an entire Shadow Industry conducting expensive geometry to measure the exact percent Shadow Impact of housing is patently absurd.
This tweet is the epitome of the conclusions found by the BU study. An entire neighborhood’s streets should cater to a scenario that only a small fraction of residents have in common. Southie is building garages that are partially filled because people like this want more parking
@paulswartz
When you have a child who has 7pm hockey practice and are made to choose between taking him/her and losing your spot or skipping to avoid the hour long search for another spot call me and we will discuss modern cities.
#therewillneverbetoomuchparking
It’s not often you hear the NIMBY rhetoric that’s regularly said at public meetings on Twitter, but “Newton is mainly single family homes. It’s not the place for big developments.” is literally right here.
@eherot
@jessekb
@_EmilyNorton
@joelwool
Jesse you are making a mistake by criticizing Emily. If you actually knew her, I’m sure you would be a supporter. There is plenty of new development going on in Newton. Be realistic, Newton is mainly single family homes. It’s not the place for big developments.
The community benefits:
1) The same land will house 6 families instead of 1
2) New condos are more affordable than the single family homes they replace
3) Mitigating gentrification in lower-income neighborhoods
4) Increasing housing density is critical to lowering CO2 emissions
25 apartments without parking were just proposed across from the Andrew Square T station in Southie. We need to send a message to our elected officials that we need more of these types of projects across the city. The online comment period is now open
Projects like this also highlight why Regional Rail needs to happen and is another example of how transit and affordable housing are intertwined. This building is one block from the Worcester Commuter Rail station.
So excited to vote for
@ZoForAustin
and
@CeliaIsrael
for D9 City Council and Mayor.
There’s still time to vote and make sure to check out
@AURAatx
endorsed pro-housing, pro-transit candidates.