Massachusetts Association
of Consulting Planners

It's Time to Change How We Measure Affordable Housing

Thursday, July 06, 2017 3:18 PM | Anonymous
"In virtually every major urban real estate market, a major determinant of rent and housing prices is accessibility.  If you live in a dense, walkable urban neighborhood, you might manage to live quite comfortably not owning a car, or having just one car for a two-worker family. If you live on the exurban edge, in a low density subdivision, you might need to own multiple cars just to manage the daily chores of school, shopping and play, as well as commuting to work. It turns out that the value of accessibility gets priced in to the walkable, well-located housing; and conversely, rental and for sale housing that’s located at a distance from everything is priced at a discount to the market."

https://www.citylab.com/equity/2017/06/the-problem-with-how-we-measure-affordable-housing/531378/

Contact: Leonardi Aray, President | MAConsultingPlanners@gmail.com
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