A riddle for my readers: What causes home values to skyrocket and creates far more jobs per dollar spent than any highway project--and yet is condemned by Republicans as wasteful pork?
That's right, public transit. And if Republicans believe that their anti-transit views are going to hold up with the American people, they may want to think again--because a lot of people are now
looking at the availability of public transit in deciding where to live.
Much of the damage from declining mortgage prices has actually been out in the suburbs, among the white picket fences, where the trains don't run, so to speak. It would probably be interesting to chart mortgage prices versus availability of transit, but I haven't been able to find anyone who's actually done this.