Wednesday, September 4, 2013

Direct #autosprawl #subsidy calculated at $7,000/yr per car

Strong Towns: "Per car, that amount is something to the tune of $7,000 per year. By that measure, the annual cost of every household in the U.S. owning just one car (less than half the actual vehicle ownership rate) comes to more than $800 billion—almost double the amount we spend trying to get people to invest their housing money more wisely. Spending on roads also has at least one other negative impact on housing policy: homes within 1,000 feet of a freeway are 59% more likely to default on their mortgage."

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