Any real estate agent or Realtor can tell you that the three most important factors in determining the potential value of a particular parcel of real estate are, in order: location, location, location. Location can trump other aspects of a structure, including whether it is occupied and its state of (dis)repair. In fact, location plays a large role in determining whether a decrepit building is worthy of the financial investment necessary to reclaim it for productive use, assuming of course that it is structurally sound.
America’s Love Affair — with Its Cars
It’s a well known fact that Americans love their cars. However, with continued fluctuation in gasoline prices and increasingly congested highways, many Americans are becoming more receptive to giving up their cars – or at least trading the daily commute to and from work – for a trip where someone else does the driving. One possible solution that addresses both high gas prices and clogged roadways is high-speed rail.
In Europe and Asia, where high-speed rail is well established, countries and individual riders alike have enjoyed far ranging benefits as a result – economic, social, environmental and in added convenience. High-speed rail has also begun to gain traction in the United States. The Obama administration has been especially enthusiastic about high-speed rail, allocating millions of dollars to its expansion. Read the rest of this entry »