Well, I have been telling a lot of people why rents are so high in Boston, and the culprit is the colleges, plain and simple. When dorms are charging students up to $2500 per month to share a room,
Why are rents so high in Boston?
Dated: February 5 2024
Well, I have been telling a lot of people why rents are so high in Boston, and the culprit is the colleges, plain and simple. When dorms are charging students up to $2500 per month to share a room, share a bathroom, have no kitchen, no rights, a curfew, and not even allowing friends to stay over – never mind you have to leave during any break so they can do cleaning and pest control to the dorms. And you can get a 4-bedroom in Mission Hill for $5 to $6k per month and pay a lot less while having privacy, a kitchen, and experiencing living on your own during your college times as a student. The landlord is charging less than the schools and each year the population in Boston goes up around 300k in Septemeber because of the colleges. Simple supply and demand. The reality is if the dorms charged less for room board which they won't. So the cycle still goes on and on. Think about it why does an apartment in Fall River, MA rent for $1200 a month? Are there any schools close by or in Fall River? The answer is not enough I believe there is one community college. While Boston has about 56 colleges within the 128 belt that is 10 miles within the city and according to Google there are 104 colleges in the State. Higher education is big business and the reason why rents are so high in Boston. The Solution if colleges charged less and built more dorms than the supply and demand issues on the general public wouldn't be so high and the prices of property values would drop plain and simple. But again that would never happen.
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