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I live walking distance from a metro station that recently was added in West LA, and it's been interesting to watch properties nearby being bought, improved, an
by wwweston 10y ago
I live walking distance from a metro station that recently was added in West LA, and it's been interesting to watch properties nearby being bought, improved, and turned over. Value around the station is being stimulated by the presence of the station itself. Increased density is going to follow it, not lead it.
I think this makes a lot of sense. If you start building your transport lines connected to areas that are already high vitality/value, then what you've effectively done is reduce the "distance" between every stop along the line and those key areas.