Non-Transit Cities Dying Quicker?
I may have previously pointed-out the Denver Money Train (if I did it probably would have come from TOW). That anecdote seemed to suggest that in an overall national economic environment of rapidly falling house prices, having light rail near your house could be good for maintaining its value.
The question is, is the converse true, and to what extent?
We know with gas prices having shot up, and general gas price volatility set to increase, if not strictly its price, we have lots of people running back into the city — the opposite of the migration out of the cities that began in earnest in the 60s or so. But not all cities are created equally, are they?
Some have transit, and some don’t.
[h/t Eschaton]
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