Why is New England so expensive for living when the area is sparsely populated and decreasing and mostly rural?
- RedstoneLv 62 months ago
You are missing several factors that contributes to the high demand of residential property.
It sports a good economic base. New England is home to a number of financial, tech, and medical companies. There is the numerous colleges and universities which include Harvard, M.I.T., Boston University, and Tufts to name a few. A number of the homes are of an architecture that harkens back to the colonial era.
As for the rural areas, many of the (farming) folks out there don't want urban sprawl so they have enacted zoning laws in order to preserve their homes.Source(s): Form resident of Boston.