Originally posted by derleider:
Originally posted by Upstream:
Originally posted by Jonny S:
Have you tried renting by the train station in Rahway? It's crazy expensive. The others are not the fairest comparison as they are not on the NEC, and to the extent possible I DO think they've benefitted from rail access.
Look at the RVR, Montclair-Boonton, or Morris-Essex, and you will see that in comparable towns, rail really does help value. You also aren't addressing the direct point. Older millenials now want to do live in a Montclair as opposed a subdivision with nothing in walking distance.
The towns I listed (with the exception of BW/R) are all on the NEC.
I can look in other counties. In Morris County, Dover and Lincoln Park (on rail lines) are not as desirable as Mendham and Chester (not on rail lines). Mount Olive Twp (on a rail line) is not as desirable as Harding Twp (not on a rail line).
I agree that having a town that you can walk is more desirable than a subdivision with nothing in walking distance. But that isn't something new. Other than living on multiacre estates, access to a town center has almost always been more desirable, all things being equal. But all things being equal means quality schools and the ability to get buy comparable houses, no industrial/environmental waste, etc.
My point was only that NIHR is mistaken in believing that easy access to NYC is a major factor in determining the desirability of towns (other than the towns directly across the Hudson in Bergen and Hudson counties). Other factors, like school systems, crime rates, types of houses, ability to walk to shopping areas, etc, are far more important.
What do you mean its not something new. This country built most (by area at least) of its existing housing stock on the notion that people really didn't want to live near the town center. We went so far as to basically abolish the concept of the town center at all.
But I do think that you are missing something - you can live in Edison and take the train without living right next to the station (which often times, especially in suburb dominated NJ, is not really in the town center anyway).
Rail access is important. I would argue that its most important in places that are really already towns (or cities), not just suburbs that blend together into a "town". Edison is in fact the prime example. If Edison ever did have a town center, its been wiped out by residential only housing and commercial only office parks, shopping centers, and light industry, all surrounded by a sea of parking.
I realized after I posted "that isn't something new" that it didn't really communicate the point I was trying to make.
What people don't want, is to live in industrial cities. Industrial areas are noisy, dirty, and smelly. Before WWII, people didn't really have a choice but to live in industrial cities, because that is where the jobs were, and they couldn't afford to travel to their jobs. After WWII, improvements in the standard of living, plus government housing and highway programs, allowed people to move out of industrial cities.
Other than a 20 year period after WWII, when America was embracing the car culture (with drive-in restaurants and drive-in theaters), people have preferred towns with town centers. And after moving into those centerless communities built in the 50s and 60s, people realized they sucked. That is why developers started building towns like Columbia, MD, in 1967, with new town centers.
But centerless housing developments have a big advantage over towns with town centers: they are cheap.
Certain factors increase the desirability of a community: a town center, houses in good condition, quiet streets away from highways, parks and yards for kids to play.
Certain factors decrease the desirability of a community: manufacturing (especially factories that pollute or are noisy), noise, dilapidated infrastructure.
I did not include school quality or lack of crime, because although those factors drive the desirability of a community, they initially result from the other factors creating the socio-economics to drive school quality and lower crime rates.
I also don't include rail access to NYC, because 95% of New Jerseyans in the NY metro area (other than Hudson and Bergen counties), do not commute to NYC. There just are not enough people who take the train to NYC to make it a factor important enough to compete with other important factors.
Newark, Linden, and Rahway are undesirable because they are historically industrial towns that people did not want to live in, if they could afford it. The rail stations do not make a difference.
The Finderne section of Bridgewater (near the train station) is less desirable than the Martinsville section of Bridgewater (away from the train station) because the Finderne section is industrial.
There are so many important factors that impact town desirability, it makes no sense for NIRH to credit any significant importance to a factor that affects less than 5% of residents.