
LRT always reign supreme over BRT.
Of all the benefits Alan mentioned, there's one benefit that needs emphasizing. And it's psychological.
When people usually see freshly installed tracks in the ground with overhead wiring, they know that there's going to be a train that'll get them from A to B in a fixed, timely fashion. With buses, routes can change on a whim by simply relocating a few stops, and that creates uncertainty, delays, and frustration.
So naturally, properties that are closer to LRT will go up in value.