2 ms·
Oh? Link me. My guess: real estate costs go down short-term if you add a bunch of supply by getting rid of parking, and then they go right back up, plus some,
by jjoonathan 7y ago
Oh? Link me.
My guess: real estate costs go down short-term if you add a bunch of supply by getting rid of parking, and then they go right back up, plus some, once the market equilibrates.
Meanwhile, I'll continue to enjoy having 5x the space at half the cost as when I lived in the city, with 5 grocery stores 10 minutes away instead of 2 grocery stores 30 minutes away. Not to mention parks, trees, and nature trails for running.
- ogre_codes 7y agoThe problem you describe is a fabricated hypothetical which has never happened in the real world. It's proven false by every single bike/ pedestrian friendly city in the world. Similarly, increasing range has had little to no positive effect on housing prices. Look at the insane real estate prices in the California Bay Area or LA which are both very car-first locations.