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Housing Follows The Trains

Posted by: Chris Steins
Thanks to: Chris Steins
25 October 2004 - 11:00am

Public subsidies, new zoning rules and shifting demographics are fueling a housing boom near transit stations.

"Tired of the hassles of driving or drawn to a more urban lifestyle, people like Sayegh are helping fuel a housing boom near transit stations in Southern California and across the nation.

In Los Angeles County, more than $4 billion worth of new projects near subway or light-rail stations have either opened this year or are underway..."

According to a new study by the Oakland-based Center for Transit-Oriented Development, five metropolitan areas — Los Angeles, New York, San Francisco, Boston and Chicago — are "the hottest markets for transit-oriented housing in the next 20 years."

Full Story: Many Are Stationing Themselves Near Depots
Source: The Los Angeles Times, October 25, 2004
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How might instant, near-home car rental allow households to give up a third or second car? Would the substantial savings a household receives from owning and maintaining fewer cars more than compensate for the extra time and discomfort spent riding transit?
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