"A three-car family puts a lot of money into depreciating assets, instead of into mortgages and college educations." - Stewart Schwartz, Coalition for Smarter GrowthMore from the Post's "duh file": buying that house in West Virginia may not be as cost-effective as you thought. Not to say those of us inside the Beltway or, in my case, "inside the ICC" (as I think the slang will go one day) are living it up, of course. But I think my family lives a lot better than we would had we moved further out.
This isn't a difference between "shallow suburbs" and "cultured city" because, as culture appears in the suburbs while the city dabbles in misguided conservatism, those stereotypes don't matter anymore. Proximity does, however. New roads and transit can help to bridge the gaps across our region, but if people still end up living in one area and working in another, the costs remain.
What if there was a way to provide 4% mortgages for some of these people? Hmmm where have I heard that idea before.
"New roads and transit can help to bridge the gaps across our region, but if people still end up living in one area and working in another, the costs remain"
Pretty funny. New roads will only get congested, too, but the costs only remain if the same mode of transporation is used. Add up what owning, insuring, operating, and maintaining a car costs per mile and then compare it to the cost of personal rapid transit per mile. Go further faster, cheaper, cleaner, safer.
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