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From a post on funding public transit, a bit on the relationship between transit and housing prices.

Earth to editorial board: Spending billions of tax dollars and raising taxes to fund crackpot rail lines does not make housing more affordable. Rather than make it more affordable Rail lines drive housing prices up along the line and increases property sales and payroll taxes to pay for the rail lines. It also diverts transportation funds away from roads where the other 99% of commuters could benefit. Rail does virtually nothing to help traffic, as even the proponents must admit when pressed.

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Read more from this blogger: Strib Editorial on Transit.