What Is the True Value of a Vacant or Abandoned Building? by @InTheKn0w

Of course, location is not the only measure of a building’s value. A major variable in determining the “hidden” value of a vacant or abandoned building is defining what constitutes an amenity. As it turns out, the answer often depends on the community or location involved. Nonetheless, a credible case could be made that a large factor in the appeal of particular amenities is associated with proximity and accessibility, especially for people who cannot afford or choose not to own cars. According to CNT, transportation costs are the second largest single expenditure for households across the United States. One use that I envision for HViAB is to encourage the rehabilitation and redevelopment of close-in vacant and abandoned properties like the one in the photo above that allow individuals and families to reduce or even eliminate the need to own cars

Full article: http://sustainablecitiescollective.com/node/293681

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