Yes, Transit-Rich Neighborhoods Are More Affordable
“In October 2017, a study called ‘Complicating the Story of Location Affordability’ appeared in the journal Housing Policy Debate. In it, the study authors Michael Smart and Nicholas Klein questioned one of the foundational assumptions about affordability in cities: the concept of location efficiency. This is the widely accepted understanding that those who live in dense, walkable neighborhoods that are well served by mass transit will be able to spend less money on transportation and thus reduce their overall cost of living.”