4 ms·
It won't stay cheap for long in that scenario. (I moved from Brooklyn to Baltimore, in part because of the >30% difference in housing prices.)
by gk1 9y ago
It won't stay cheap for long in that scenario.
(I moved from Brooklyn to Baltimore, in part because of the >30% difference in housing prices.)
- mtalantikite 9y agoYeah, prices would certainly move and rebalance in this scenario. Not just in Baltimore, but in Philadelphia and D.C. as well. My point is mainly that we'd start thinking about commuting distance differently if we had a system like the hyperloop (assuming the cost isn't prohibitively high). We could conceivably even build other dense cities somewhere in the radius of 225 miles outside of places like NYC, LA, or SF to offload people if commute times are around 30 min. It can take me an hour to go see friends in Harlem or The Bronx, so you'd even open up the possibility of going to see friends or family for the evening 200 miles away for the same door to door travel time. Of course this is all futurist speculation, who knows what the numbers would actually add up to until a pilot program happens.
- protomyth 9y agoThat's pretty much going to be the story of Hyperloop if it succeeds. Sprawl will move to a nodal form with the cost of housing being greater next to each node (station in this case). I am hoping that consideration is being taken at the station-level to insure that more modes of transportation are available to reduce the commute time further and extend the new sweet spot of housing.