Self-driving cars could potentially have wide-ranging impacts on any number of industries. Forbes Contributor Bill Conerly thinks residential real estate will be one of those sectors.
Because travel will more efficient, more people will return to the road, Conerly argues.
As a result, rush-hour car trips will drop, lessening traffic. As traffic speeds up, the incentive to leave the rails will increase.
The could hurt condos and apartments located near rail lines.
Those apartments and condos located next to the rail stop will lose their premium value. One study found rents 90 percent higher in transit-oriented developments.