That's been a recent development, though. The housing market could support the high number of students in the '80s and early '90s.
But with Boston Mayor Thomas M. Menino's efforts to improve Boston's public image, people are seeing it as a good place to work and raise a family.
"Boston is experiencing a Renaissance," Philbin says. "Mayor Menino has done a great job in promoting the city as a place to live."
But where the market could once accommodate for students and lower-income families, there's now not room for both.
"I don't think that the amount of students was a problem in the recession of the early 90s, because students were the only group with a high demand for housing," Philbin says. "Now, it is a different story."
Changing Neighborhoods
Philbin says his Allston-Brighton neighborhood has changed drastically due to student renters.
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