Re:“Location-Based Pay” – Who are we to complain?
by XorNot on Sunday February 14, 2021 @04:35PM
(#26136486)
High Speed Rail is not being built because no one is sure it'll be used, whereas expanding public rail in the cities is always going to be expensive because you're renovating around a dense urban area. It's also non-optional - Sydney's traffic problems are bad, and getting worse. We either do something now or watch as the CBD eventually dies.
[ Parent
| on HN ]
Re:“Location-Based Pay” – Who are we to complain?
by yourapostasy on Sunday February 14, 2021 @06:42PM
(#26137396)
Public HSR even going out into the sticks gets rapidly surrounded by commercial and residential real estate rent-seekers, and prices quickly (within 10-20 years) arrive close enough to CBD parity to again price out young families. You would need something like a community land trust or transit authority trust that locks up the land and locks in the basis pricing along the rail line about 1-2 km out on either side of the rail, and around a 3-6 km radius around the terminals, with a taxing jurisdiction about double those radii, that gives the families a shot at entry without the same housing pricing dynamics we see now. That trust would have to plan for incremental, systemic densification on a self-funding model based upon the "rent" charged through taxes. Otherwise, the funding for densification evaporates into land developer hands through the years, because it is non-linearly more expensive to densify than spread out, but the energy utilization and efficiency is much lower and higher respectively per capita with densification than spread out. Land developers are valuable, but it is unfair to expect them to behave contrary to their incentives.