It’s not just parking garages — the ripple effects of self-driving cars will require the entire real estate industry to undergo a large-scale re-imagination of how it allocates space. Bloomberg’s Noah Smith says faster and easier commutes will shift residential property value from properties in urban centers to those in suburban areas as commuting long distances will be less stressful.


Thus, why are we spending billions of dollars on light rail if in 5-10 years many cars will be self-driving?