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Cost and congestion are driven by the commuting time to job centers. If Bakersfield becomes a bedroom community for San Francisco with a 25 minute commute, you
by hapless 10y ago
Cost and congestion are driven by the commuting time to job centers.
If Bakersfield becomes a bedroom community for San Francisco with a 25 minute commute, you can count on Bakersfield housing prices converging on Bay Area costs.
This is probably a net win for the community of Bakersfield, but it may not change things very much for you as a pre-existing worker in San Francisco.
- hyperbovine 10y agoHow much time have you spent in Bakersfield?
- dragonwriter 10y agoIncreasing the effective commute radius into the Bay Area such that property ownership and rental prices were driven up in the new commuter towns would also reduce the upward pressure on prices in the Bay Area and it's existing commuter towns.
- hapless 10y agoGood point. Convergence of prices is a big win if it means the "center" stops rising so quickly.
- make3 10y agothe point is that if you open up the bay area to enough transportation options, the prices should go down / stop rising