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The Impact of Transit-oriented Development on Housing Prices in San Diego, CA

Duncan, Michael

Urban studies (Edinburgh, Scotland), 2011-01, Vol.48 (1), p.101-127 [Periódico revisado por pares]

London, England: SAGE Publications

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Título:
The Impact of Transit-oriented Development on Housing Prices in San Diego, CA
Autor: Duncan, Michael
Assuntos: America ; Area planning & development ; Automobile Driving - education ; Automobile Driving - legislation & jurisprudence ; Automobile Driving - psychology ; Bgi / Prodig ; California - ethnology ; Condominium plan ; Condominiums ; Conservation of Natural Resources - economics ; Conservation of Natural Resources - history ; Conservation of Natural Resources - legislation & jurisprudence ; Costs and Cost Analysis - economics ; Costs and Cost Analysis - history ; Costs and Cost Analysis - legislation & jurisprudence ; Environmental impact ; Hedonism ; History of medicine ; History, 20th Century ; History, 21st Century ; Housing ; Housing - economics ; Housing - history ; Housing - legislation & jurisprudence ; Housing prices ; Interaction terms ; Inventory ; Land use ; Life Style - ethnology ; Life Style - history ; Light rail transit ; Markets ; Mass transit ; Pacific ; Pedestrian traffic ; Pedestrians ; Premiums ; Price premiums ; Prices ; Proximity ; Public transportation ; Rail stations ; Rapid transit ; Residence Characteristics - history ; Residential buildings ; San Diego, California ; Social Behavior - history ; Social Change - history ; Sustainable transportation ; Transit oriented development ; Transportation ; Transportation - economics ; Transportation - history ; Transportation - legislation & jurisprudence ; Transportation planning ; Transportation studies ; United States of America ; Urban development ; Urban Health - history ; Urban Population - history ; Urban Renewal - economics ; Urban Renewal - education ; Urban Renewal - history ; Urban Renewal - legislation & jurisprudence ; Value ; Values ; Walking - economics ; Walking - education ; Walking - history ; Walking - legislation & jurisprudence ; Walking - physiology ; Walking - psychology
É parte de: Urban studies (Edinburgh, Scotland), 2011-01, Vol.48 (1), p.101-127
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Descrição: This research measures the influence of transit-oriented development (TOD) on the San Diego, CA, condominium market. Many view TOD as a key element in creating a less auto dependent and more sustainable transport system. Price premiums indicate a potential for a market-driven expansion of TOD inventory. A hedonic price model is estimated to isolate statistically the effect of TOD. This includes interaction terms between station distance and various measures of pedestrian orientation. The resulting model shows that station proximity has a significantly stronger impact when coupled with a pedestrian-oriented environment. Conversely, station area condominiums in more auto-oriented environments may sell at a discount. This indicates that TOD has a synergistic value greater than the sum of its parts. It also implies a healthy demand for more TOD housing in San Diego.
Editor: London, England: SAGE Publications
Idioma: Inglês

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The Impact of Transit-oriented Development on Housing Prices in San Diego, CA

Duncan, Michael

London, England: SAGE Publications

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