Over at Economix, economist Casey Mulligan explores a likely effect of both driverless cars and the drone delivery services that Amazon is experimenting with: what impact will it have on property values in urban centers.Here's Mulligan's theory:
As technology helps with moving goods and people more cheaply, it might seem that urban real estate would give up some of its price premium real estate because distance becomes less of an obstacle to economic transactions.
As technology helps with moving goods and people more cheaply, it might seem that urban real estate would give up some of its price premium real estate because distance becomes less of an obstacle to economic transactions.
[
add
]
[
|
|
...
]