I think his point is that it is terrific for those rich enough to live near an LRT station and results in big appreciation of real estate (poor people dispropor

I think his point is that it is terrific for those rich enough to live near an LRT station and results in big appreciation of real estate (poor people disproportionately rent can own so property value increases benefit the rich but not the poor). Buses do very little for property values but help everyone's commute.