Buses can increase property values

A Political Economy of Access: Infrastructure, Networks, Cities, and Institutions by David M. Levinson and David A. King

Buses can increase property values, so says this article in SFGate The Google Effect: How the company's shuttle line affects San Francisco real estate Apparently Googlers will pay a premium to live in San Francisco and elsewhere near the Google Transit system. Will these rent price increases be capitalized in land is an outstanding question. (Anyone with Bay Area data want to run a Hedonic model?)