Can More Public Transportation Solve the Housing Crisis?
As Costs Soar, the Solution to Affordable Living May Be New Transit Projects
Last year, New York City’s Comptroller Scott Stringer released a bleak report: between 2000 and 2012, New York’s median rent skyrocketed 75 percent. Median household income, meanwhile, decreased by 5 percent. New Yorkers now are making less money but paying more to live in the city than they were a decade ago.
These numbers are extreme, but they highlight a dangerous trend in American cities: housing is becoming increasingly difficult to afford. In many cases, high prices are disrupting longstanding city communities, and even forcing low-income residents out of their …