The Fed's monetary policies are already showing effect.
Republicans need to fight against the Fed's war against the working and middle classes, and to fight against Biden's policies that constrain supply.
https://www.boston.com/real-estate/real-estate/2022/12/06/massive-mixed-use-newton-development-near-riverside-mbta-stop-on-hold/?p1=hp_secondary (https://www.boston.com/real-estate/real-estate/2022/12/06/massive-mixed-use-newton-development-near-riverside-mbta-stop-on-hold/?p1=hp_secondary)
Massive mixed-use Newton development near Riverside MBTA stop on hold
Construction costs and interest rates are to blame, the developer says.
By Christopher Gavin
December 6, 2022 | 11:52 AM
A sprawling, approximately 1 million-square-foot mixed-use development slated to transform the area around Newton’s Riverside MBTA station is on hold as construction costs and interest rates rise.
Mark Development, the local firm behind the project alongside Alexandria Real Estate Equities Inc., told the Riverside Liaison Committee last month rising price tags — including a 25 percent jump in construction costs — prompted it to put the development “on hold,” a report from the committee says....