San Diego Housing Market News and Analysis
Tesla Model 3
User Forum Topic
Submitted by Escoguy on April 4, 2016 - 10:12am
A few thoughts on the Tesla Model 3. With a 200+ mile range, anyone who has a very long commute will become immune to fuel costs. This may make it easier to commute to places like San Diego from Temecula cost effectively.
So the effect may be that home buyers in more distant locations will be less vulnerable if fuel prices rise in the futures. So EVs (electric vehicles) may end up making the housing market more stable over the long term by removing one of the variables which could impact long term affordability.
Another side affect, as EVs have zero emissions and are quieter, prices around freeways may eventually rise as the spillover effects of cars is lessened. It may take more than a decade to see the full impact.
But in general we should all welcome having cleaner air.
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