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Is it really extraordinary or unbelievable? Easier access to infrastructure which is quiet and environmentally friendly should reasonably not decrease property

Is it really extraordinary or unbelievable? Easier access to infrastructure which is quiet and environmentally friendly should reasonably not decrease property values? I would definitely be more interested in a property with bike infrastructure, although that is just one tiny sample with no control variables:)

nonethewiser 3y ago
Also brings more foot traffic and possibility for crimes of opportunity and lowers the barrier to trespassing
- awestroke 3y ago
  That's a very very american way of thinking
lelanthran 3y ago
> Is it really extraordinary or unbelievable? Easier access to infrastructure which is quiet and environmentally friendly should reasonably not decrease property values? Well, yes, when you're talking about residential areas. Home owners don't want a wall of strangers around their home all the time - it makes it difficult to spot the ones with ill-intent. I mean, if that wasn't true, homes in gated communities wouldn't be more expensive than standalone houses. > I would definitely be more interested in a property with bike infrastructure, although that is just one tiny sample with no control variables:) You'd think that (I certainly did), but the price for homes in gated communities are far far higher than the equivalent in non-gated. Which is why I want to see this hypothetical study that shows that residential areas closed to non-residents are cheaper than residential areas open to the public. Because, a simple look at home prices shows this to be wildly untrue.
- notahacker 3y ago
  I'm not sure how we've got from the claim the poster actually made about designated bike lanes improving property values [over regular street/sidewalk access to the property, and possibly highway-only access to town] to the almost entirely unrelated claim you've invented about the relative value of residential areas closed to non residents. The majority of people do not live in gated communities and even gated communities have access routes outside the gates.
  - lelanthran 3y ago
    > I'm not sure how we've got from the claim the poster actually made about designated bike lanes improving property values [over regular street/sidewalk access to the property, and possibly highway-only access to town] That wasn't the claim the poster made. The specific claim was that bike traffic through residential areas by non-residents increase the value of properties in that residential area. >> Read on - what they were really afraid of was the dirty/smelly poors coming onto their precious island. >> You see the same BS with bike paths through residential neighborhoods. GP could not have been clearer in his implication that having public traffic pass through the residential area increases the value of that property in that area. Which is complete nonsense when you look at residential property prices in area which has a through-flow for non-residents/the public and compare to areas which are effectively gated off for residents only. Buying a house in an area that is limited to residents traffic only is damned expensive.
    - notahacker 3y ago
      GP could not have been clearer that residents in somewhere that Maui, which is an island with a population of about 200k, were daft to object to the idea that easy connectivity to other islands because they were more worried about visitors from the neighbouring island than interested of the greater employment and commercial opportunities that connectivity brings. I'm not sure how you got "gated community" from that. I'm not sure that your own implication that property prices are inversely proportional to the ease of commute to where all the people and jobs are is well evidenced by representative studies either. Even if the GP was talking about gated communities, which he wasn't, they're still usually nowhere near as expensive as being cycling distance from central San Francisco or London.

nonethewiser 3y ago

Also brings more foot traffic and possibility for crimes of opportunity and lowers the barrier to trespassing

awestroke 3y ago
That's a very very american way of thinking

lelanthran 3y ago

> Is it really extraordinary or unbelievable? Easier access to infrastructure which is quiet and environmentally friendly should reasonably not decrease property values? Well, yes, when you're talking about residential areas. Home owners don't want a wall of strangers around their home all the time - it makes it difficult to spot the ones with ill-intent. I mean, if that wasn't true, homes in gated communities wouldn't be more expensive than standalone houses. > I would definitely be more interested in a property with bike infrastructure, although that is just one tiny sample with no control variables:) You'd think that (I certainly did), but the price for homes in gated communities are far far higher than the equivalent in non-gated. Which is why I want to see this hypothetical study that shows that residential areas closed to non-residents are cheaper than residential areas open to the public. Because, a simple look at home prices shows this to be wildly untrue.

notahacker 3y ago
I'm not sure how we've got from the claim the poster actually made about designated bike lanes improving property values [over regular street/sidewalk access to the property, and possibly highway-only access to town] to the almost entirely unrelated claim you've invented about the relative value of residential areas closed to non residents. The majority of people do not live in gated communities and even gated communities have access routes outside the gates.
- lelanthran 3y ago
  > I'm not sure how we've got from the claim the poster actually made about designated bike lanes improving property values [over regular street/sidewalk access to the property, and possibly highway-only access to town] That wasn't the claim the poster made. The specific claim was that bike traffic through residential areas by non-residents increase the value of properties in that residential area. >> Read on - what they were really afraid of was the dirty/smelly poors coming onto their precious island. >> You see the same BS with bike paths through residential neighborhoods. GP could not have been clearer in his implication that having public traffic pass through the residential area increases the value of that property in that area. Which is complete nonsense when you look at residential property prices in area which has a through-flow for non-residents/the public and compare to areas which are effectively gated off for residents only. Buying a house in an area that is limited to residents traffic only is damned expensive.
  - notahacker 3y ago
    GP could not have been clearer that residents in somewhere that Maui, which is an island with a population of about 200k, were daft to object to the idea that easy connectivity to other islands because they were more worried about visitors from the neighbouring island than interested of the greater employment and commercial opportunities that connectivity brings. I'm not sure how you got "gated community" from that. I'm not sure that your own implication that property prices are inversely proportional to the ease of commute to where all the people and jobs are is well evidenced by representative studies either. Even if the GP was talking about gated communities, which he wasn't, they're still usually nowhere near as expensive as being cycling distance from central San Francisco or London.