Re:How to make housing more affordable
by xnx on Saturday September 25, 2021 @03:14PM
(#28655484)
This article presents no new insight into how you get existing (voting!) property owners to accept depreciation of their assets. My greatest hope for a technological solution is self driving cars which would reduce the duration and significance of travel times.
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Re:How to make housing more affordable
by ertian on Saturday September 25, 2021 @04:30PM
(#28655971)
That's not a fix, though. Reducing the pain of a commute would mean more people would move out to the suburbs, which would grow, which would add to the traffic.
People are apparently willing to drive 1 hour each way in a normal car, which is a huge pain. I would assume they'd therefore be willing to be driven even further in a self-driving car. You'd end up with an equally unpleasant equilibrium.
I agree that people would be willing to put up with a longer commute in a self-driving car. This should have the effect of increasing home construction in the exburbs and lowering average housing costs overall.