Quote:
Originally Posted by electricron
Why does HSR cause a loss of value if nearby properties? Got any examples or studies stating so? I'm pretty sure cows, hogs, horses, and goats do not care.
Admittingly, higher property values should be located by the stations, two of which (Houston and Dallas) are already in urban areas.
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Counter-point to you both:
• 1a. Compared to prices within the same metropolitan area, HSR does not impact prices near stations at all IF that station is urban
Why? Because stations are regional and unlikely to be frequented by any single user specifically, and services are likely to already be concentrated in the area anyway.
• 1b. Land value should be impacted positively when stations are suburban
Why? Nearby parcels then become marketable for more and potentially higher economic use.
• 2. Land value should be negatively impacted in suburban thru-ways.
Why? due to noise.
• 3. Land value should not be impacted in rural thru-ways.
Why? Because of what you just said.