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That's a very rosy view, only looking at the positive side of the coin and ignoring the negative side. >1. You can live in a less expensive area, (i.e. miles a
by schiffern 9y ago
That's a very rosy view, only looking at the positive side of the coin and ignoring the negative side.
>1. You can live in a less expensive area, (i.e. miles away), and work in a major center.
...causing property values to rise in the "less expensive area" to match those in the urban center minus the cost of transport. Ultimately you're gentrifying the current residents out of their homes, causing more urban sprawl, and increasing land use pressure on agricultural land and wilderness.
>Basically once you have super fast transportation, it relieves pressure to housing prices on the work hubs/city centers
...shifting that pressure to surrounding rural areas. TANSTAAFL.
You talk about "huge economic positive impacts," but it sounds awfully like wealth transfer from rural people (which we're apparently ignoring?) to urban people. Given the audience on HN this bias is unsurprising, but still disappointingly common.
- deleted 9y ago[deleted]
- Invictus0 9y ago> ...causing property values to rise in the "less expensive area" to match those in the urban center minus the cost of transport. This is a valid concern made invalid by the speed of the Hyperloop. If we estimate very conservatively that the Hyperloop can cut the average commute time 4x, then the radius that a city worker can live increases 4x. However, while the radius increases 4x, the area increases 16x (A=pi*r^2: area increases exponentially as a function of r). Thus, the rise in property values in surrounding areas would be distributed over a large area so as not to make life unsustainable for those already there.
- IanCal 9y agoQuickly, that's not exponential, it's quadratic. More importantly though, it doesn't fix the travel time issue that well. It only speeds up a particular section of the journey and only between two specific points. You would need vast amounts spreading out with lots of stops to get close to a squaring.