31 May

High speed rail could spark a real estate boom in second tier cities

Interesting research:

“New high-speed rail lines are credited with sparking a real estate and housing boom, among other economic benefits, in smaller cities in China. Now experts are debating whether rail modernization can have the same effects in the U.S.
A study by researchers at the University of California-Los Angeles and China’s Tsinghua University found that by connecting ‘second tier’ cities to global hubs, more people move to the smaller cities where housing costs are lower, creating a real-estate boom, among other unplanned benefits.”

(Via Researchers say high-speed rail could fuel U.S. real-estate, economic booms | Trains For America.)