3 ms·
Multiply this principle by the “attraction to city amenities” and the “acceptable travel time”. The number of places to build a new home proximate to food and
by iambateman 8y ago
Multiply this principle by the “attraction to city amenities” and the “acceptable travel time”.
The number of places to build a new home proximate to food and leisure is limited and creates this effect near cities. Drive into the country, and there are plenty of remaining 0.1 acre plots available for cheap.
If self-driving cars substantially affect the cost of transportation time, we could see another epic flight further and further from cities, which would hold housing prices down for a long time.