The state legislature has blocked the city’s luxury real estate transfer tax for nearly four years.
Investor purchases accounted for 24 percent of all residential real estate sales in Boston in the fourth quarter of 2022. A 10 percent tax on those sales could yield $82 million in revenue.
New analysis from the Institute for Policy Studies shows how much Boston’s failure to enact a luxury real estate tax has cost the city.
IPS Report Documents Missing Millions as Massachusetts State Legislature Fails to Act on Boston’s Luxury Transfer Tax
Anonymous corporations own more and more of our cities.
Our current national confusion over wealth taxes serves only the wealthy.
The economic impact of the Covid-19 pandemic has strained municipal budgets. How can cities close the gap fairly?
The Contract Buyers League thought they stamped out predatory contracts for deeds, but thanks to private equity firms, these practices targeting low-income communities of color have resurfaced.
Tiny house advocates say they’re reducing their ecological footprints, but the extremely rich beneficiaries of this concentration pose a greater threat to our environment.
Global warming can’t be legislated away.
He has public opinion on his side.
A creative solution to the predicted commercial real estate crisis could boost both energy efficiency and tax receipts.