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kalium comments on The Robots, AI, and Unemployment Anti-FAQ - Less Wrong
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If suburbs become less inconvenient, rents there might be expected to go up. In which case (in the longish run) the time would be gained, the money would be lost, and that opportunity to trade time for money would be gone.
I would also expect rents in the city center to go down, at least in the short term. Which would benefit.. the kind of people who earn enough to live there, I suppose.
Inasmuch as I'm one of them, I'm okay with that, but this problem seems complex enough to demand a paper of its own.