Does Boston Need A Middle Class?

Boston Condos for Sale and Apartments for Rent

Does Boston Need A Middle Class? The answer of course is a resounding Yes.

Yet, the recent Boston condos being built are not geared for the middle class.

As Boston high rise luxury condos being built rages on, Boston’s identity hangs in the balance, with the current trajectory suggesting a city increasingly tailored to the whims of the elite thus far.

The disparity in Boston’s housing market is starkly evident in the juxtaposition of two residential experiences: the luxurious living at the Four Seasons One Dalton and the affordable housing struggles faced by middle-class and low-income residents.

One Dalton Back Bay | Boston Condos for Sale | Ford Realty Inc

One Dalton Boston High Rise Condos

The soaring tower of One Dalton, symbolizing the city’s opulence, offers a curated lifestyle for the super-wealthy, replete with extravagant amenities and services, the Boston Globe reported.

Boston condos for sale and the middle class

However, for most Bostonians, the dream of owning a multimillion-dollar condo remains far-fetched, with the city’s soaring property prices outpacing the reach of the middle and working classes.

Boston Condos for Sale and the Bottom Line

The widening gap between the rich and the rest is exacerbated by the city’s rapid luxury high-rise development, catering predominantly to the affluent, with condos that have $10 million price tags.

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Seems like everyone is asking that question, these days.

A local blogger adds his/her two cents, below.

Does Boston Need a Middle Class?

What of the middle class in Boston? If we follow the local and nationwide trends, we could well have a tiny portion of middle-income families, individuals and neighborhoods. The middle-income folk would go to the suburbs and exurbs, leaving rich and poor.

For the benefit of all three major economic groups, we should care, both in individual terms and as public policy and legislative agenda. As Bostonians, we need be aware of what’s at stake from a city of only extremes.

In this era, we may lose sight of such cascading effects. After all, from realty to petro products to medical care to food, real or quasi monopolies, oligopolies and informal cartels control prices of what we buy. Yet, we hear from government and TV that market forces are offering us choice and keeping profits to a minimum while providing profit incentive.

We cannot afford to accept the fantasies of the laissez-faire conservatives.

Read on: Does Boston Need a Middle Class – Marry in Massachusetts blog

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