I am both excited and concerned about autonomous vehicles. Although I believe they are inevitable I am also concerned about how they might impact the global real estate market. What would happen to real estate pricing if proximity really wasn't important because traffic was eliminated and time in the car could be spent productively.
I think of how disruptive technologies have destroyed industries. Think of Craig's List impact on newspapers classifieds which destroyed every small town newspaper.
Ultimately I think that zoning code will play a major role in stabilizing pricing and political wars will be waged as distant communites lure homebuyers with larger homes and cheaper pricing when a commuting is finally painless.
In any event I am linking to another blog discussing the ultimate benefits of autonomous vehicles but also the decimation of an industry.