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I think the drop in home values in Atlanta should be partly (or perhaps mostly) attributed to the economic downturn. But the region's transportation woes definitely don't help, especially for intown properties that are supposed to be relatively insulated against the downturn.

As someone who lived in Atlanta for a while, I can say that living near a Marta stop does not have the same cache at all compared to living near a DC Metro stop. I know people who live a block or two from Marta stops but still drive to work because their offices are not accessible by Marta. That's what happens when the state and local government refuses to properly fund the transit system.

The TSPLOST was by no means perfect, but it was probably this generation's only shot at comprehensive transportation reform for the region. People who chose not to vote for it because it did not dedicate enough to transit made a big mistake. From here on out it seems like the region will have to solve its problems one tiny project at a time.

by Scoot on Aug 1, 2012 12:15 pm • link • report