A new study finds interesting contradictions in what Americans are willing to pay to live in new urbanist communities.
"Gerrit Knaap, a co-author of the study, which appears in the Journal of Urban Economics, says home buyers pay a premium for elements like connected street networks, smaller blocks, better pedestrian access to shops and proximity to light rail. But while they're willing to pay a premium to be near these elements, they don't actually want to live in the thick of them." [The link below is available to non-subscribers for the next seven days.]
Thanks to The Practice of New Urbanism
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