Real Estate Blog

Rent control will not even be on the ballot in Massachusetts in 2024.  A years-long campaign to include a rent control question on the ballot for voters in next year's election cycle has fallen well short of the signatures needed for this measure, getting only 13% of the mandatory 74,574 signatures.  The initiative's biggest advocate, Homes for All Massachusetts, asked state legislators to pull the proposal two weeks before the signature deadline, feeling it could not win on the ballot in 2024.  The rent control ban was put into place in 1994 and although there have been efforts to overturn it ever since and Mayor Wu and the City Council had intentions of some form of a cap, the measure was really unpopular in terms of public support.

You can read more about the latest update here.

With hot-button real estate topics such as this one, there are often many different opinions and updates shared across all different platforms.  It is important to have a realtor who is always working with local and national Realtor associations to ensure the most accurate and up to date information is shared with clients.  Contact me at (617) 875-8331 or at David.Green@CBRealty.com for on and off-market multi-families with high Cap rates in Greater Boston.  Don't wait for rates to come down - by then it will be too late.