Article Summary According to a Study by the Center for Neighborhood Technology

question 69

True/False

Article Summary
According to a study by the Center for Neighborhood Technology, homes located within one-half mile of frequently-used public transportation held their value much better during the recent housing market downturn than did those without easy access to public transportation, and the greater home values reflect greater demand for neighborhoods in close proximity to public transportation. In addition to higher home values, the study found that close proximity to public transportation offers lower transportation costs, a wider variety of travel options, and access to more employment opportunities.
Source: Meg Handley, "Study: Proximity to Public Transit Boosts Home Values," U.S. News & World Report, March 22, 2013.
-When there is a negative externality, the competitive output is more than the economically efficient output level.

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Definitions:

Hired Caregivers

Individuals employed to provide care for those who are unable to fully care for themselves, such as the elderly, children, or individuals with disabilities.

Age in Place

The ability to live in one's own home and community safely, independently, and comfortably, regardless of age, income, or ability level.

Self-Employed

An employment status where an individual works for themselves instead of an employer, often running their own business.

Full Time

Typically refers to employment or activities that require a standard number of hours per week, often considered to be around 35 to 40 hours.