One of the few bright spots in the world of real estate investment these days is transit oriented investing. Transit oriented real estate refers to properties located along light rail, bus, subway, streetcar, commuter rail and other transit lines.
These properties are becoming more valuable because more Americans are using transit largely because rising gas prices are encouraging people to look for alternatives to the car. Since experts predict that both gas prices and transit use will increase in coming years, investing in real estate along transit lines is probably a good idea.
Examples of the increase in values of properties on transit lines abound. In Kenosha, Wisconsin, a streetcar line attracted $300 million worth of new development. A similar streetcar line in Portland, Oregon, led to $2 billion worth of new development. This means that people who buy real estate along proposed or new transit lines could be in a position to make a lot of money by selling it to developers.
How to Find Out Where Transit Lines Will Go
The best way to find out where transit lines will go is to visit transit agencies’ websites. In most of the United States