There’s a compelling new book out that makes a strong case for walkable, urban neighborhoods actually being more affordable than their suburban counterparts. Growing Cooler argues that once commute time and transportation costs are taken into account, living in less dense areas can become more expensive than living in dense communities where a car isn’t as necessary to get around.
There’s a great article supporting Growing Cooler’s point, citing evidence that housing values in denser neighborhoods are holding steady or rising. This is in contrast to the steep drop-offs seen in suburban areas outside cities.
This Growing Cooler movement really challenges the old real estate saying, “Drive ’til you qualify”.