One way to retain home value – buy in a transit village

With gas prices continuing to hover around $4 a gallon in the Bay Area, there’s little doubt that housing with easy access to public transit will continue to be in high demand. So if you don’t want to watch the value of your house plummet after you’ve signed the contract, you might want to consider buying in a transit village.
A transit village is a planned development around a transportation hub, such as a train station, with the intent to make it convenient for village dwellers to get to and from work or run errands via public transportation, according to Wikipedia. And Contra Costa County can be proud, because dang, we’ve got transit villages for days, with an existing village in Richmond near BART, one under construction in Walnut Creek and one of the biggest ever coming up in Pleasant Hill.
Folks all over the Bay Area are flocking closer to public transit; “Most people say they want to be near BART because they work in San Francisco,” said Ira Serkes, a Berkeley Realtor with 20 years’ experience. The area’s population is expected to grow by 2 million people between 2010 and 2035, and as many as half of these people will likely locate within walking distance of public transit, according to a soon-to-be-released report by the Metropolitan Transportation Commission.
(Photo of Walnut Creek transit village courtesy of the Contra Costa Centre.)