He says this especially holds true for desirable communities like Cambridge and Boston.
"There are enough people with money who want to live here that the demand is skyrocketing," von Hoffman says. "It makes it difficult for those people that don't own their own houses."
Getting Squeezed Out
They say the housing boom has only benefited those high up on the socioeconomic scale.
John J. Woods, a housing project planner for Cambridge's Community Development Office, says the housing produced by the current boom is priced too high to alleviate Cambridge's lack of affordable housing.
"Some of the economic forces that are driving the market have produced a lot of housing units. Unfortunately, most of the units are addressing a population higher than that we're dealing with," he says.
Gottsche says he has noticed a similar phenomenon.
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