“In the last five years in Greater Boston, 59,000 more drivers commuted alone. A study released in February found Boston had the nation’s worst rush-hour traffic,” reported the Boston Globe. An in-depth investigation from the Spotlight Team revealed the many facets causing traffic issues in greater Boston including old and inefficient public transportation options and an annual increase in the number of drivers on the road. On top of that, our politicians have been slow to try much-needed solutions to the traffic problem. So what will the long-term effects be on Boston’s economy and housing? Click here to read more.
Read MoreIt is no secret that cities across the country are facing transportation challenges as urban populations grow and Boston is no exception. According to a recent Boston.com article, “Governor Charlie Baker has proposed an $18 billion transportation bond bill that would help fund the T’s 13-year maintenance backlog, as well as expansion efforts.” This is just one effort among many to get Greater Boston’s public transportation to serve more people more efficiently and reliably so less people have to rely on driving in increasingly heavy commuter traffic.
So, what effect, if any, will Boston’s transportation difficulties have on the real estate market?
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