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Check out the May edition of the MAA Insider featuring highlights from past events, information on upcoming events..

Read the May MAA Insider.
MAA Insider May 2024

New Report: Local Option Transfer Taxes Would Reduce Sales, Lower Property Values, Generate Minimal Revenue Study Highlights Alternative Ways Massachusetts Should Confront the Housing Crisis

Cities and towns implementing new real estate transfer taxes will lose as much 60 cents for every dollar in new taxes collected while further driving down local property values and doing little to solve the state’s housing crisis, says a new report authored by the Greater Boston Real Estate Board and Building Owners and Managers Association (BOMA) International, with research assistance from the Tufts University Center for State Policy Analysis.

Indeed, the research finds, a 2 percent tax on real estate sales last year would have produced an offsetting loss of nearly 60 cents for every dollar collected, a dramatic inefficiency in the proposals put forward by Boston and other communities, the report found.

The report, “Empowering Cities and Towns to Tackle the Housing Shortage,” highlights the negative impacts transfer taxes would have on the region’s residential and commercial real estate markets. The report notes how, for every one percentage point increase in the transfer tax, sales decline by seven or eight percent. Citing a study previously conducted by the city of Boston, “Empowering Cities and Towns” discusses how a one percent transfer tax lowers prices by one percent. Even when real estate sales are thriving, a Massachusetts community with a two percent transfer tax would lose 43 cents for every dollar they expect to raise.

The report is available for review at the website, MAHousingsolutions.com which breaks down the findings.

Empowering Cities and Towns to Tackle the Housing Shortage
MAA Supplier Spotlight: Kitchen and Floor Decor!

Read all about Kitchen and Floor Decor, this month's Supplier Spotlight
MAA Supplier Spotlight: Kitchen and Floor Decor
MAA Insider - April 2024
MAA Insider: MAA Expo Registration Open, CAMT, Supplier 101 Webinar & Maintenance Legends

Read the March MAA Insider.
MAA Insider - March 2024
Lapatin on the Law is a monthly legal update for MAA Members

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Lapatin on the Law March 2024
MAA Insider: CAMT, MAA Expo & Maintenance Legends

Read the February MAA Insider.

MAA Insider - February 2024
Lapatin on the Law is a monthly legal update for MAA Members

Click Here for Lapatin on the Law
Lapatin on the Law - February 2024
 

Events

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Event
CAMT - June 2024
Jun 03, 2024 - Jun 07, 2024
BluSky Restoration
3 North Maple Street
Woburn, MA
MAA Networking Nite
Jun 11, 2024
Craft Food Hall
200 5th Ave
Waltham
2024 MAA Golf Tournament
Jul 22, 2024
The Cape Club Of Sharon
Sharon
Bark & Bond: Network with MAA
Jul 31, 2024
Cort Furniture
10 Post Office Square
Boston
MAA Red Sox Summer Outing
Aug 13, 2024
Location To Be Announced
CALP (Certified Apartment Leasing Professional)
Sep 24, 2024 - Sep 26, 2024
ServiceMaster By Gilmore
390 Lenox Street
Norwood, MA
CAMT - November 2024
Nov 04, 2024 - Nov 08, 2024
BluSky Restoration
3 North Maple Street
Woburn, MA

Calendar

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CAMT - June 2024
BluSky Restoration
9:00am
 
MAA Networking Nite
Craft Food Hall
5:30pm
 
2024 MAA Golf Tournament
The Cape Club Of Sharon
 
Bark & Bond: Network with MAA
Cort Furniture
4:00pm
 
MAA Red Sox Summer Outing
Location To Be Announced
5:30pm