4 ms·
>a home in a walkable area will often command a 1.5x to 2x price premium over a similar home in a typical car-centric suburb. I suspect this has more to do wit
by learc83 11y ago
>a home in a walkable area will often command a 1.5x to 2x price premium over a similar home in a typical car-centric suburb.
I suspect this has more to do with fact that walkable areas are much more likely to be located in city centers with higher overall real estate prices than with the desirability of walkable neighborhoods.
- nitrogen 11y agoI suspect this has more to do with fact that walkable areas are much more likely to be located in city centers with higher overall real estate prices than with the desirability of walkable neighborhoods. One also has to consider that new families with young children are high on the list of demographics looking for suburban homes, and are likely to have less money, so suburban homes are cheaper by necessity. Cul-de-sacs wouldn't be so bad if they had well-maintained pedestrian lanes that cut between them and neighborhood shops instead of big box stores.
- marcoperaza 11y agoWhat's so great about "neighborhood shops" over big box stores? Higher prices and smaller selection?
- nitrogen 11y agoWe need both, but by neighborhood shops I mean little cafes, restaurants, galleries, markets, etc. that you can walk to for day to day needs, while still leaving the big box store for long-term and bulk purchases. The reduced density of suburbs wouldn't support very many of these shops, but if they're spaced well, they could serve as walkable gathering points for the community.
- douche 11y agoIf you're counting little cafes, restaurants, galleries and markets among your day-to-day needs, you've already gentrified yourself out of the range of 90% of the population.
- im2w1l 11y ago1. So what if he wants to live in a nice neighbourhood? 2. Those things are not exclusive to expensive places. Even the poor parts of town in far away countries have those things.
- Symbiote 11y agoNo, he hasn't, except for the galleries. In England at least, a poor area still has little cafés [1]. The menu is similar enough — fried breakfast etc — but it will be served on an actual plate, rather than a chopping board or slate. The choice of restaurant might be a larger pub, or a place that also/only offers take-away (McDonalds or a small Cantonese place, for example). The market probably has less promotion of organic produce, and will sell produce as well as cheap clothes and household goods. I used to live in a poor area of London, which I think was built in the 1960s. There were cul-de-sac roads, but most of them continued with footpaths so journeys wouldn't take too long. On the main road there was a school, church, doctor's office, dentist, library, small grocery store, beer/wine shop, bakery, cheap café, pizza take-away, Chinese take-away, Indian take-away, fish and chip shop, pharmacy, newsagent, youth club and 'village' green including play equipment. The pub-with-dining had recently closed, I'm not sure if that's still the case. All of this is within 5-10 minutes walk of most people, beyond that distance and they are close to the next cluster of shops. There wasn't a market, but there was a market selling fruit and veg in the nearest 'town', which was about 5-10 minutes by bicycle, or 10-20 by walk+bus. [1] http://www.constructionphotography.com/Details.aspx?ID=11957&TypeID=1 http://www.constructionphotography.com/Details.aspx?ID=11957... — "builder's caf" or just "caf" is a slang term for them.
- to3m 11y agoYes, this has been my experience in the UK too (and probably everybody's). It may be a cultural difference but rows of local shops are not the preserve of gentrified areas. Anywhere people live, you will find these sorts of shops, because people will buy stuff from shops that are within walking distance. If anything, they seem to be slightly more likely in the poorer areas, presumably because there are more people who will want shops within walking distance.
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- Tepix 11y agoYou don't have to take the car.
- eru 11y agoA city centre, in order to be a centre, has to be denser. Density and walkability go hand in hand. But sure, the real test would be non-walkable neighbourhoods next to city centres.
- princeb 11y agoNo doubt city centres are walkable but this comment begs the question though - why are city centres 2x as expensive as suburbs? If the density and land scarcity is the reason then why do developers want to build on more expensive ground in the city than in the suburbs? Why are people willing to pay 2x to live in cities than in suburbs? I think the real reason is that walkability (and hence city centres) are desirable which makes them cost more, and not because city centres are ipso facto expensive.
- marcoperaza 11y agoLet's say that BigCity has a residential capacity of 1 million people, but 3 million people want to live there. Meanwhile, its suburbs have a capacity for 5 million people, and 6 million want to live in the suburbs. Even though more people want to live in the suburbs, prices will probably be higher in the city.