Nissan announces driverless cars by 2020

[Eric L.]

Nissan announced today that they will sell driverless cars by 2020. What the heck does this have to do with real estate investing? Well, a lot. This will be the biggest driver of change since the Internet.

This will eliminate the #1 killer of Americans ages 4-34.

Very few will own cars as the nearest car will pick them up cheaply and drop them off at the door of their destination.

Goods will be shipped for almost nothing.

Cities will no longer be designed around parking lots.

Will people be more likely to move to urban areas now that parking will not be a concern?

Will suburban areas gain traction as the drive no longer has traffic?

A few things that I personally wouldn't invest in right now are car washes and self storage. Garages will now be self storage units. Also, driverless cars will deliver items ordered within the hour for urban areas. That doesn't bode well for retail locations.

What real estate investing changes do you see this bringing?