On The House: SEPTA Rail Lines Boost Suburban Home Prices, Study Finds

SEPTA logo with text

SEPTA logo with text (Photo credit: Wikipedia)

Transit-oriented development is not new, especially to older metropolitan areas such as Philadelphia.

Whether in anticipation of the arrival of public transit or in its wake, homes and commercial enterprises have sprung up near rail stations, trolley stops, and subway entrances since 1858, with the advent of horse-car service on Fifth and Sixth Streets between Southwark and Kensington.

The first steam train began running from Philadelphia to Germantown in 1832, igniting a mass-transit boom that would dictate how and where the region would grow.

As rickety as public transit sometimes seems, this region still has an infrastructure that cities such as Los Angeles; Portland, Ore.; and Atlanta have spent billions trying to replicate to ease their dependence on the automobile.

Read more at http://www.philly.com/philly/classifieds/real_estate/20131110_On_the_House__SEPTA_rail_lines_boost_suburban_home_prices__study_finds.html#dQrjgA3E9CWrv1xb.99

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