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13 comments on NYC Local Energy Solutions Conference

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Donal on March 19, 2006 - 9:00pm Permalink | Subthread | Comments top
I'm watching the 60 Minutes article on NYC's response to terrorism, police surges, for example.

The other day, I read an AP article saying that numbers of rental units were declining.  This Reuters article says much the same thing:
http://news.yahoo.com/s/nm/20060308/us_nm/property_apartments_study_dc

So, it is one thing to talk about moving close to work, but quite another to find someplace available.  

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Glenn on March 19, 2006 - 9:43pm Permalink | Subthread | Parent | Comments top
It'll only get more valuable over time. In talking to people about why they are willing to pay so much for such small spaces, the answers are easy: No car payments / insurance / gas / repairs. When I owned a car in Queens and used it just for weekend stuff, it easily cost about $3-4000/year and gas was a minor cost. The incentive to live in dense urban areas will only increase as gas prices rise.

The best thing that the city can do is start rezoning a lot of the major mass transportation hubs for increased density. Then start a cycle of expanding the reach of good mass transit to service more areas and then increasing their density...rinse and repeat. This was NYC's pre-Robert Moses defacto development strategy. After a 75 year auto-obsessed interlude, this is starting to happen again in some areas but will take a long time to realize fully. It would be a lot better investment in light of PO than trying to sustain the 'burbs.

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