According to data from the US Census Bureau, young, white, highly educated workers cluster in high numbers around Metro subway stops, which drives up the cost of homes on that prime real estate. The result is a lack of affordable housing near the rail stops, and price hikes on land that makes building more housing that’s within reach of lower income people nearly impossible without intervention.
- Young, white, six-figure earners are scooping up housing within a half-mile of Metro stops.
- A Census Bureau study shows that the imbalance is making housing near public transportation inaccessible for some groups.
- Moving closer to a Metro stop does not result in enough savings to offset high housing costs for the less well-off.
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Inman Connect New York | January 29 - February 1, 2019