Response of Urban Real Estate Values in Anticipation of the Washington Metro

Steven R. Lerman · Eva Lerner-Lam · Jeffrey Kai Young

149 citations0/0 files storedJournal of Transport Economics and Policy

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Housing Market and Economics Property Rights and Legal Doctrine Urban Planning and Valuation

Abstract

The expected construction of the Metro line in Washington, D.C., increased values of some properties and decreased those of others. This paper considers some implications of proposals to tax the benefits.

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References

1964Location and Land Use: Toward a General Theory of Land Rent 1970Cities and Housing.1961Land Values and the Measurement of Highway Benefits 1977Evidence of land use impacts of rapid transit systems 1978Estimating the functional form of travel demand models

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