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TEDx Talks
Title: Driverless Cars: breaking the fundamental rule of real estate | Paige Marie Pitcher | TEDxOgden
Published: 2017-08-29
Source: https://www.youtube.com/watch?v=1g2Ht0hdFnY
the fundamental rule of real estate even if you don't know the first thing about it you've probably heard the answer location location location well I'm here to tell you tonight the third rule is broken my husband for sometime how do I know because we're designing something called driverless cars in much the same way the automobile shapes cities of the twentieth century it's going to change our
cities again and it's going to change everything that we thought we knew about real estate it's no news that we're in an era of disruption the world's second largest hotel chain Airbnb doesn't only beds does knowing a property the world's artist taxi company uber does known their cars so we're changing what it means to travel we're changing what it means to own something are changing what
it means to commute the chefs are going to be accelerated by the driver of this car because if we're building cars that don't have drivers we can design buildings with no parking and if we can design buildings Bodoni parking we're going to design cities that look unlike anything we've seen for the last one hundred years in a way this is the story of how cars have
changed cities twice over to understand how we're going to look at how they did it the first time I understand when driver the scars will change cities were gonna look at autonomous tech and maybe we'll take a look at just how our lives will change and every building in it in the coming real estate revolution so let's take a trip back to nineteen hundred the multi
hasn't even been invented yet there are less than eight thousand cars in the US just a decade later there are nearly half a million how that happened how people can go further faster for less money the economy was booming but it brought some bad things to congestion traffic fatality energy dependency and everybody's favorite by nineteen twenty six downtown merchants have listed traffic congestion as their main
business concern people had a parking even back in nineteen twenty six so cities came in this okay we're gonna put parking meters on the street and we're going to move cars off the road and were gonna put in garages we're gonna help ease the traffic increase road capacity some great second wave of automobile innovation hit the United States after World War two revealed something called the
interstate highway system we connected every major city in the U. S. and we made there and hear simultaneously closer together and so much further apart our city planning approach during this period time is basically separate all the buildings and all the uses build giant roads to get there and give everybody a parking space when they arrive no problem schools for all we can see it from
space this is aerial imagery of Las Vegas you can see just how quickly we consume the landscape we consume land faster then the population grows forty percent faster this massive use of space is driven by our appetite for automobiles because they take a lot of room not only of the roads but in our buildings in our garages and our houses in our businesses now it's not
uncommon in any city in America for parking to be bigger then the size of the building itself this is where parking begins to dominate real estate we have four parking spaces for every car in the US imagine if every family had four houses now granted perky cells are not as expensive as houses but even on a modest cost trillions of dollars that are locked up as
empty storage that's the size of Maine two billion parking style so century after the release of the model T. we have more than one car for every driver in the US it's a huge part of our allies but it's a small part of our economy it's only three percent so how is it that something so small has been able to drive development decisions for the last
century because that rules flocked realistic not about location for transportation how'd you get there and that's how small changes in the automobile industry can mean huge things for real estate let me be clear Bahamas car change the pace of technology investment the sector has sped up rapidly in the past years this is a picture of light are this is a laser scanning images kind of lock
the car to see if you this technology has been reduced by ninety percent just in the last three years combine this really cool advanced imagery with deep learning algorithms and we can both teach your car to see and teach you how to drive autonomous vehicles that is possible thirty minutes without changing a single federal law in the U. S. but Thomas cars have driven three million
miles now that's just in testing mode but there are other modes already on the consumer market to do some pretty incredible stuff Tesla's autopilot mode can take you on the freeway on ramp changed lanes and even take you home and parking garage for you but there are forty different makes and models of cars out there that can parallel park themselves but what if they could do
more imagine you're on your way to work RT running a little late training you hop out of the car hurry and your car has dropped you off at the newly designed covered drop off spot for your building through the parking meters yesterday you get out you send your car away it scurries off to go find a parking space and you type in the amount that you
want to pay for that parking on your phone purity in the elevator near cartels you fellas but for a box sure your car scurries away finds that parking space and slips into it we just inches disparity there sigh does need space for the doors open for anyone to get out you continue working your car which we to someone at the end of the day or maybe
you send your current work maybe you hop on a different app on your phone and you send your car to go out there in the city and help other people who don't own cars get around this virtual valley system seems pretty futuristic but we are to have the technology it's here in your pocket and these forty four corporations have invested billions of dollars an autonomous tack
and it's coming quickly eleven major argument fractures have promised fully autonomous vehicles but twenty twenty that's in three years cities her ready for a revolution the city's alas center were designed around cars so it makes sense that if the car's changed dramatically soon or places and because the real estate industry is so much bigger than the automobile is reverting to see massive changes and I would
say that these are going to be categorized roughly three different ways the first is that the average American household spends nine thousand dollars a year on automobiles Jarvis cars can reduce staff by fifty six hundred dollars that's the equivalent of a ten percent raise it to the one that just getting through your hands and so if we use the savings what else can we do with
it could he find the owner at home could we do away with maybe gratis could remove our homes a little bit closer to the street because we don't meet garages wordreference if you don't have a home of the garage we can use that extra five hundred square feet of space for something different we can use that room and we can design a prefabricated housing container that
slides into the space where your cars used to be and clicks into the existing credit you have housing for grandma or grad student you have space open the home business that you always wanting you have room for your family to grow we can help solve the housing crisis in areas like Tampa disco with a system like this the average income can only by about a hundred
thirty five square feet intense disco that's the size of a parking spot so we can finally afford the home of our dreams I mean that's a little bit further from work but that's okay because were productive on the way there maybe we can sleep on her way to work not at work maybe we can work on the way home it's no longer leave the office stop
working and go home you work as you go home and maybe the windows are screens in the wheel is a desk pretty productive time total miles driven might actually increase if people can afford and may even enjoy their commute we can reduce the cost to commute by seventy percent making maybe a two hundred mile long travel time to work possible companies can then tap into large
labor markets and they can open a new business location anywhere now the third paradox the driverless cars is that they do bulls good things and both some undetermined things they could push development further out from cities or we could just use the space we have more efficiently electric vehicles can mean that although our commits are longer maybe we have less emissions maybe two car households can
downsize to one and mobility can increase for everyone sourcing these massive change that the economy scale but it also makes a really big difference of how and I think we can make three key changes today to usher in the age of the autonomous vehicle the first is just suspend more wisely because autonomous vehicles are hitting the market faster than your Carlino mature this car's gonna be
your last we can use those savings that we experience for transportation we can offer up new housing opportunities many millennials confining about other parents basements driverless car can increase mobility and access for all ages we can even get more from our garages as housing our parking lots in the parks or our driveways as patios I know this seems a little futuristic but I hope you understand
now that the autonomous revolutions and I'm about robots it's about people and places and property value and I want you to imagine what that looks like for the people in your life because I know I can imagine how to change the lives of people that I hold dear my thirteen year old niece never has to learn how to drive my ninety three old grandma who still
driving herself can can she be mobile for many many years and a dear friend of mine who could make her teammates not because he's a soundcard his car is big enough to accommodate his wheelchair he didn't have anybody to drive they look for today when it is needed when our cities can become more inclusive more mobile week we can free people from location in here becomes
there and there can become everywhere location the fundamental rule of real estate is broken because location is ubiquitous but the lift of a thumb I hope you not scared about driverless cars because I think they can really increase the quality of life and they can shape our cities for the better they have the opportunity to reorganize budgets reklame space and redefine mobility if we seize this
