How will autonomous cars effect real estate trends?

1 Reply

Over the years, there has been a growing demand for walkable communities. At a quick glance, this has been shown in the form of people moving into more densely populated areas, such as cities and downtown areas of suburbs.

In less than a decade though, autonomous cars will be available to consumers. I am curious how BPers believe this will effect real estate trends. Will it promote suburban sprawl, since having a long commute will not be as stressful? Will it further enhance density, because it will be easier/cheaper than ever to take a cab or use a car share service instead of owning a car?

Overall, what do you think will be the effect of autonomous cars on real estate trends?

I don't think autonomous cars will be widely used for some time....maybe decades. The infrastructure isn't there & no matter how smart the new robot-car is, it won't prevent some teen in an '84 Buick from careening into them while texting. Would tend to spoil that "relaxing" commute. Besides, as a car-chic, I have to ask...who wants an autonomous car anyway?!? If I don't want to drive, I'll take the train, bus, or plane....for a lot less money.

Do I think they're coming? Yes. Will they be a huge hit? My guess is, not really. People LIKE to drive.

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