4 ms·
Step 1 to fix out of control real estate prices and suburbia depression is not public transit. Step 1 is to deprioritize cars. No more free parking, no single
by favflam 4y ago
Step 1 to fix out of control real estate prices and suburbia depression is not public transit.
Step 1 is to deprioritize cars. No more free parking, no single family home zoning, free-for-all zoning around train stations and bus stops.
Step 2 is to keep deprioritizing cars. Ban highway expansion beyond 2 lanes in both directions. Match demand and supply with tolls. Excess revenue goes towards funding public transit.
Step 3 is to fund public transit. Private sector will see massive opportunity to build out private bus lines and trains (see Brightline in Florida). The real play is not ticket revenue, but real estate appreciation around public transit. Republicans should get around this idea with private equity guys. This is a no brainer to me.
In conclusion, the key to this morass to make car owners suffer and switch to real estate appreciation to incentivize private development of transit systems.
- xracy 4y agoYeah, real estate appreciation has its own costs that we're going to pay for down the line... in particular increased costs of housing/living is causing more homelessness.
- favflam 4y agoThe increase in density will cancel out the increase in real estate cost (land). In fact, capital investment in increasing the output from a piece of land is the correct way to profit from real estate, not just squatting as people profit in current markets.
- bojangleslover 4y agoStep 1: "Control" house prices (how?) Step 2: Change ALL zoning and monetize ALL parking spaces in a country of >0.3B people overnight Step 3: Create money from thin air to build transit, thereby reversing Step 1