Is there a spectrum of say 10 du/acre + where this holds true? Or maybe where densities are on the rise?
I expect that there is some truth in that people are attracted to people, and that the services and businesses that will concentrate near densities and redeveloping areas will have upward pressure for the asking price per square foot of living space. What I don’t expect is some one-size-fits all derivative to explain a linear relationship. It’s going to be more nuanced than that and I would expect it to be related to saturation points within the local housing market:
– residential densities
– local business climate / jobs
– transit accessibility
– school performance
– proximity to a growing college campus
If you could find a way to control for these things, I would nominate you for a nobel prize. Plus it would be fascinating to see the findings.
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