The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city's suburbs over the next 20 years, according to a new study released this week.
The study, conducted by the New York City-based Regional Plan Association and released Tuesday, says the key to affordable living is building transit-oriented developments, which reduces the cost of living.
"Our region is struggling under the weight of it's own success — with housing prices at an all-time high and space at a premium," said Tom Wright, President of the Regional Plan Association. "More transit-oriented development is a real answer to our concurrent housing and commuting crises."
Read the full article in LoHud.