Time + improvements in transit infrastructure = increased housing values
Today's Express has a feature in the "Digs" section called "Price Point," comparing prices for the same types of properties--in this case condos--from around the region.
One of the write ups features a 1,160 square foot condo at 7333 New Hampshire Avenue in Takoma Park, Maryland for under $260,000.
The article makes the point that the building is located 2 miles from the (Takoma) Metro so that living there, a car is required to get around. (Plus New Hampshire Avenue there is damn hilly, terrible for bicycling.)
But the article doesn't mention that the Purple Line light rail line will have a station located just 1/2 mile away.
Granted it will take many years for that line to be built and operational, but when it is, the properties located within 1 mile of that station (and along the line) will... [via Urbanplacesandspaces]