Interesting article: we spend less on transpo than suburbians

[Thea Selby]

S.F. transportation costs lower than in suburbs
San Francisco Chronicle - November 4, 2009
By John King
Planners and transit buffs routinely make the case that Bay Area residents can reap benefits by living close to their jobs and the errands of the day.  Now comes a study that translates the payoff into dollars and cents - such as how the average San Francisco household spends roughly $500 less on transportation each month than households in such suburban outposts as Antioch or Livermore.  The estimates are contained in a report being released today by the Urban Land Institute with the all-encompassing title of "Bay Area Burden: Examining the costs and impacts of housing and transportation on Bay Area residents, their neighborhoods and the environment."
Link to article

 

Thea Selby
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[r...@3-page.com]

The average cost per car per year is $6500.  This article is a good piece of info, and we urbanites can stand to gloat a bit. 

Another article I read recently (NY Times) compared real estate value declines and foreclosures for homes served by the Metro as compared to not.  Of course the homes served by metro kept their value better than the outer burbs. 

Planning 101!