Quote:
Originally Posted by master3004
I would figure both of those would drive prices up. Not down.
Lots of land means more availability and less competition for developers who want to build houses, which means lower land prices, which means lower home prices.
Commute times (loosely reflected in population density in general) basically expand the area that people are willing to live in, which increases the virtual supply of acceptable properties, which means sellers are more in competition against each other, which means lower home prices.