3 ms·
Every year a new batch of college kids moves in and mommy/daddy foot the bill for the housing at ever higher rents. In Cambridge/Somerville there are “mega lan
by yuppie_scum 4y ago
Every year a new batch of college kids moves in and mommy/daddy foot the bill for the housing at ever higher rents.
In Cambridge/Somerville there are “mega landlords” who own hundreds of properties and collude on pricing.
The old stock of three deckers etc rent out to young professionals and college students. Even the formerly affordable neighborhoods like Southie and Eastie are now snapped up by June or July for sept 1 moving day.
Everything built this century is “luxury” and priced accordingly. So renters don’t get the price benefits of dense apartment living.
Rapid transit does not serve many of the near-in dense neighborhoods (Chelsea, Everett, Lynn etc) which makes them a lot less appealing or realistic for city commuters, and equally unattractive for people seeking a more suburban lifestyle.
- harambae 4y ago> Every year a new batch of college kids moves in and mommy/daddy foot the bill for the housing at ever higher rents. What's odd is that this was true in the 1970's as well (when MIT, Harvard, Boston college and others had all existed for over 100 years). What has changed recently? Boston didn't used to be this expensive of a city, comparatively, unlike NYC which is famous for the level of inequality going back 100 years. It's like when people say that corporations are price gouging now because they got greedy. Were they not greedy in the past?