4 ms·
Is it true that this increased the value of some homes at the expense of others? At least in Portland, where similar measures (though less widespread) have dive
by enoch_r 10y ago
Is it true that this increased the value of some homes at the expense of others? At least in Portland, where similar measures (though less widespread) have diverted auto traffic away from certain streets, they haven't diverted auto traffic away from one neighborhood street onto another--rather, the goal is to push auto traffic onto particular streets designed to carry high traffic volumes. People don't rent an apartment on a commercial street to avoid traffic, so I doubt that affects property values there very much--plus, since these are higher volume roads to begin with, it's a relatively small increase in traffic.
Not to mention that proximity to these streets is a valuable amenity, even if you don't live directly on them--after all, if you'd like to ride or walk around town with your kids, it will be very nice to have a bike/pedestrian-friendly street nearby.
- e40 10y agoIs it true that this increased the value of some homes at the expense of others? Yes, it did. When the barriers were put up, they made some streets more desirable and some less. More desirable == worth more. Less desirable == worth less. You see, before barriers, all streets were mostly equal. Clearly some streets, like College Ave, Telegraph, etc. were not. But streets like Dwight and Haste (on the hill side) became much worse after the barriers went up.