boston-real-estate-t

Though students funnel billions into the city economy each year and make up one-third of the population, the city is not attractive for students looking to start their lives after school, city and university officials said.

A 2009 report by the Federal Reserve Bank of Boston found that the population of the 25-39 demographic in Massachusetts has decreased by 306,955 from 1990 to 2007, according to the U.S. Census Bureau.

According to The Daily Free Press the main reason graduates leave Boston is because of the T:

Students are concerned about the early closing time of the city, Natasha Perez, City Councilor-at-Large Flaherty’s spokeswoman, said. The last Massachusetts Bay Transportation Authority train from Kenmore Station departs at 12:35 a.m. each night, but most city bars close around 2 a.m.

“It’s not about cultural elements, it’s that this city is not modern,” Perez said.

Recent graduates are also motivated to leave the city by inadequate school systems, she said.

“Students come to this city to get a great education, and afterwards they decide to have a career and a family, but they cannot do that in Boston,” Perez said. “There are no jobs because there are no new companies coming to Boston.”

And silly me I thought they were leaving because of housing prices.

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