Agents Who Crush It In Real Estate
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Anthony and Demetrios Discuss Governor Healey’s Attacks on Massachusetts Rental Broker Fees
Anthony Lamacchia sits down with Demetrios Salpoglou, the "King of Rentals" and CEO of Boston Pads, for an in-depth discussion on the challenges of the rental leasing process and concerns for building affordable housing. They delve into Massachusetts Governor Healey's recent comments on rental fees and how agents should be paid. Unfortunately, she doesn't understand the impact on the rental market and lacks any interest in tackling the unreasonable cost of university room and boarding.
Governor Healey posted on the @massgovenor Instagram account an image that reads, “ You didn’t hire the broker. You shouldn’t pay the fee.” advocating for eliminating tenant fees. Demetrios counters this viewpoint, highlighting the September 1 turnover in Boston due to the universities. Meanwhile, Anthony Lamacchia emphasizes a fundamental point: "To address the housing crisis and lower rent costs, increasing the housing supply is essential."
Of note from the conversation is "the greatest migration out of Boston," and how this has affected landlords, leading to vacancies and availability.
They also discuss solutions to fight the supply and demand issue and enhance affordability in the rental market. "Build as much as possible to achieve affordability."