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Real Estate
Reply to "What is stopping NoVA from reaching SV level prices?"
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[quote=Anonymous]I forgot to add this but someone else has mentioned it earlier: some areas of the bay area really blocked public transit in the 80s. Towns would fight to have no or only one stop on a train route because they didn't want commuters moving in to their town. The infrastructure (including BART) was not built to handle the amount of passengers that it has now and has not really been updated and expanded to handle the population growth. these things have combined with jobs being added, so housing costs go even higher (because commuting via public transit is difficult) and has created unbearable traffic situations over the last 10 yrs which then pushes housing costs higher again because people end up willing to pay even more to avoid multi-hour commutes. Everything just keep circling and the only release valve is increasing housing costs. [/quote]
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