Economics of real estate near light railThursday, June 13th, 2013
June 12th, 2013
As the Wall Street Journal points out in an article focusing on Seattle, and it shouldn’t be any surprise, real estate values go up near light rail stations. It seems that such increasing value is the basis of economics; more people want to live near a light rail station because it increases their quality of life. They have easier access to transit as well as other services and that access is valuable.