by ferroequinarchaeologist
Quote: Professors at Northeastern University in Boston examined 42 neighborhoods in 12 U.S. cities in 2010 and found that housing costs near rail stops increased after light-rail service started in many markets. "A new transit station can set in motion a cycle of unintended consequences in which core transit users are priced out in favor of higher-income, car-owning residents," the authors wrote.
The full article is in today's Wall Street Journal. I find it strange that these academics consider neighborhood improvement to be an "unintended consequence" and that "core transit users" are defined as those who can't afford any other means of transportation. This is wrong on so many levels. Oh, wait - these are academics - forget what I said.
PBM
The full article is in today's Wall Street Journal. I find it strange that these academics consider neighborhood improvement to be an "unintended consequence" and that "core transit users" are defined as those who can't afford any other means of transportation. This is wrong on so many levels. Oh, wait - these are academics - forget what I said.
PBM