> Is it really extraordinary or unbelievable? Easier access to infrastructure which is quiet and environmentally friendly should reasonably not decrease property values?
Well, yes, when you're talking about residential areas. Home owners don't want a wall of strangers around their home all the time - it makes it difficult to spot the ones with ill-intent.
I mean, if that wasn't true, homes in gated communities wouldn't be more expensive than standalone houses.
> I would definitely be more interested in a property with bike infrastructure, although that is just one tiny sample with no control variables:)
You'd think that (I certainly did), but the price for homes in gated communities are far far higher than the equivalent in non-gated.
Which is why I want to see this hypothetical study that shows that residential areas closed to non-residents are cheaper than residential areas open to the public.
Because, a simple look at home prices shows this to be wildly untrue.