Quote:
Originally Posted by roger1818
That is certainly a good point. Housing prices have been rising since about 1998, but were very flat for about 10 years prior to that. Would the stations be able to survive if housing prices were to flatten out for an extended period again?
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The relevant values are leases/rents and sales. Your comment only considers sales. Leases/rents are monthly. Sales average about every 20 years.
The PPR is focused solely on the net increment to leases/rents and sales values attributable to the metropolitan train service. Therefore the base value doesn't matter, except through some indirect ways.
In a flat or depressed housing market, the useful question to consider is whether demand for easy access to metropolitan rail would increase or decrease. We think it will tend to increase, and that this would be significant enough to offset the decline in the base housing prices.
Joseph Potvin
Director General | Directeur général
Moose Consortium (Mobility Ottawa-Outaouais: Systems & Enterprises) |
www.letsgomoose.com
Consortium Moose (Mobilité Outaouais-Ottawa: Systèmes & Enterprises) |
www.onyvamoose.com