About this episode
The episode discusses Boston Mayor Michelle Wu's new 2% fee on real estate sales over $2 million and features insights from Greg Vasil on the implications of such taxes.
As Boston Mayor Michelle Wu continues to look for ways to generate revenue for affordable housing, she has signed a bill imposing a 2% fee on high-ticket real estate sales exceeding $2 million. Mayor Wu outlined that this is the fourth time the city has petitioned the state legislature for permission to impose such a fee, and it would have already generated $160 million had it been adopted the first time. Greg Vasil, CEO of the Greater Boston Real Estate Board, is opposed to transfer taxes and says they really don't work. Vasil joined Dan to explain. See omnystudio.com/listener for privacy information.
People in this episode
Host: Dan Rea
Guest: Greg Vasil
Topics covered
- real estate
- affordable housing
- taxation
- Boston
- local government
Keywords
- Boston Mayor
- real estate sales
- transfer taxes
- affordable housing
- Greg Vasil
Mentioned in this episode
Organizations: Greater Boston Real Estate Board, WBZ-AM
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