Although not as hard hit as some places, property value of the average southeast Wisconsin home has dropped 27-percent in net worth in the past few years says Scott Bernstein of Center for Neighborhood Technology (CNT). However those homes with access to transportation alternatives to car ownership fared better in maintaining property value.
The transportation researcher says studies around the US show people are saving up to 20-percent of their income if they are finding alternatives to owning several cars per household being driven 35,000 miles annually.
Regional transit plans being proposed or implemented include a commuter rail, a Milwaukee streetcar system as well as bus expansion.
Bernstein was keynote at a summit “Regional Conference: Get on Board” in Milwaukee today. The city’s Mayor Tom Barrett and Wisconsin Administration Secretary Michael Morgan also spoke at the event.
