Thursday, September 08, 2005

Report rates Boston most expensive city

Is Boston the worst place to live if you aren't rich? It might be:
Propelled largely by high housing costs, Boston is now the most expensive metropolitan area in the country, outpacing Washington, D.C., San Francisco, and even New York City, according to a report that will be released today.

The report found that last year, a family of four living in the Boston area needed $64,656 to cover its basic needs. This was $6,000 more than in New York City, and about $7,000 more than in San Francisco. Living expenses, which include healthcare, child care, and other basic needs, were $44,000 or less in Austin, Texas; Chicago; Miami; and Raleigh, N.C.
As you can see,middle class people have been zoned out.It also doesn't help that those universities sit on a large amount of land that they don't need,while everyone else pays onerous property taxes.Obviously,the Boston model of unions,land-use restrictions,and high taxes have wiped middle class existence out.No wonder Phoenix and Houston continue to grew.Read the whole article if you want to understand what's wrong with Blue city America.