Quote:
Originally Posted by Table 5
What uninformed buffoon did you hear that from? Rick Bell? Go to any major city in the world and you will quickly realize the closer your neighborhood is to a public transit station, the more valuable your property. It might not be a big deal now, but the bigger Calgary gets, the more access to good public transit becomes a key to a lot of people.
Then again, you might see some teenagers and strangers and stuff, and I know how unacceptable that is to some Calgarians.
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There is still likely a decline right next to the station. Take 3 identical houses. One right next to the station, one a block away, and one 2 blocks away. I would imagine that the second house would be most valuable. Although land value of the first house would possibly be higher which may make it a wash. However, it may be tough to realize that value until a developer steps in to buy up the block to put in higher density housing.