Sigh. Another day, another junk science paper from the smart-growth advocates. This time it is a paper titled Walking the Walk, which argues that the fact that housing prices are higher in so-called walkable neighborhoods proves that “consumers and housing markets attach a positive value to living within easy walking distance of shopping, services, schools and parks.”
In fact, all the paper proves is that the person who wrote it doesn’t understand basic economics. The report is junk science because it confuses cost with demand and presumes that correlation equals causation.
