Apr 222013
 
There’s a great line about bike trails in the Washington Post article this weekend about high demand for close-in homes of elderly homeowners…
…The prospective buyers weren’t interested in the ­three-bedroom, 1,092-square-foot ­house, which Cloud and her husband purchased for $5,000 in the 1940s. They wanted her lot, which sits next to a bike trail on a street within walking distance of the Metro and great public schools.
Who knew!  Trails that NIMBYs fight against are actually good for property values.  When advocates were pushing for the Matthew Henson Trail in Aspen Hill, I collected real estate listings in Bethesda touting proximity to the Capital Crescent Trail, and there were many.

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