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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.
-Refer to the Article Summary. People who do not use public transportation can still benefit from it, as is shown by the higher home values. As a result, the marginal social benefit from public transportation is ________ the marginal private benefit to those who use public transportation.
Ethical Tactics
Strategies that adhere to moral principles and upright standards of conduct.
Self-Serving Process
An action or series of actions carried out for one's own benefit, often disregarding others.
Frequent Use
The regular application or employment of a method, tool, or practice within various contexts.
Associated Risks
The potential negative consequences or uncertainties linked to a particular action, decision, or situation.
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