210: Why More Investors Are Building Wealth with "Walkable" Properties w/Jeff Speck

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 22 April 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the past few years, you’ve probably heard the term “walkability” thrown out. For those who have lived in big cities, this is a common factor to use when deciding where to live or work. If you can catch a quick bus or walk to the office, the grocery store, restaurants, or a movie theater, there’s a fair chance you’ll pay more for where you live. But, most real estate investors aren’t thinking about this, and their ignorance could cost them. Jeff Speck, city planner and writer, is on the show to discuss how walkability, smart urban planning, and intentional property design can help you make much more money while improving the lives of your tenants and neighbors. Jeff has seen time and time again how smart urban planning leads to higher home appreciation and rents and a safer, happier community. The problem? Most of us are stuck in car-reliant American suburbs with little walkability and lacking public transportation. After hearing this episode, you’ll easily be able to spot the properties that will grow faster in value due to smart city planning. So, before you go out and buy your next property, make sure it aligns with Jeff’s four components of walkability because if it does, you could have a valuable property on your hands that most other investors won’t even notice! In This Episode We Cover: Walkability explained and why this is such a crucial factor in home and rent prices The four components of walkability and how to ensure your property fits The huge portion of Americans who want walkable properties and communities Mixed-use development and why Americans want more than big yards and big houses Urban design trends to pay attention to that could change the real estate landscape How to get your city leaders to take the steps to building more walkable communities And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Connect with Jeff Jeff's Instagram Jeff's LinkedIn Jeff's X/Twitter Jeff's Website Books Mentioned in the Show: Walkable City by Jeff Speck Walkable City Rules by Jeff Speck Suburban Nation by Andrés Duany The Death and Life of Great American Cities by Jane Jacobs Homelessness is a Housing Problem by Clayton Page Aldern and Gregg Colburn The High Cost of Free Parking by Donald Shoup (00:00) Intro (01:07) Why We Need “Walkability” (07:32) Americans WANT Walkable Spaces (09:49) Bringing Back Walkable Cities (15:19) Profit Potential to Look For (19:33) Will This Increase Affordability? (25:13) Urban Design Trends to Watch (33:01) What Investors Should Do Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-210 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When you invest in real estate, oftentimes you're trying to make informed bets or decisions
0:05.5	on what properties or what areas are going to appreciate and boost your equity position in a property.
0:13.3	And to do that, we're used to looking at economic data, population growth numbers.
0:17.4	These are things that we talk about a lot on this show.
0:20.4	But there's another subtle but powerful force that shapes property things that we talk about a lot on this show. But there's another subtle,
0:21.9	but powerful force that shapes property values that we don't really talk about as much. And that is
0:27.3	urban design.
0:33.3	Hey, everyone and welcome to On the Market. I'm your host, Dave Meyer. Today we're talking with
0:38.5	author and urban planning expert Jeff Speck. Jeff is going to help us understand how elements
0:44.1	of urban design like transit availability, walkability, trees, building height, all these things
0:49.7	influence property values and the economies around those properties. We're going to get into how this plays into housing affordability, how you as an investor can try and get in on some of these trends,
1:02.1	and how you can use the information Jeff gives us for your own portfolio.
1:06.4	Let's get into it.
1:17.0	Jeff, welcome to the show.
1:17.8	Thanks for being here.
1:18.9	Hey, my pleasure.
1:21.6	And I'm really excited to talk to your audience.
1:22.0	Great.
1:22.9	Well, thanks, Jeff.
1:24.1	We're excited to have you.
1:29.0	And our audience has probably heard the term urban planner before. But if there are anything like me, don't really understand the finer points of what it is you actually do.
1:34.5	Can you just give us some background? Most people, when I tell them, I'm a city planner or an urban
	...

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