Despite the decrease in costs, land will still be limited, particularly in prime real estate locations. While construction may be cheap, the scarcity of land in desirable locations will make these properties highly sought after.
As a thought experiment, suppose we developed a method of transit that enabled you to go between any two locations in the US within 30 mins. I think in this case, real estate prices become more uniform.
If you exclude land near "natural wonders" like Yosemite, prime real estate is prime because of its travel-time proximity to other p... (read more)
As a thought experiment, suppose we developed a method of transit that enabled you to go between any two locations in the US within 30 mins. I think in this case, real estate prices become more uniform.
If you exclude land near "natural wonders" like Yosemite, prime real estate is prime because of its travel-time proximity to other p... (read more)