I guess I didn't say it clearly. I didn't mean to say "arguement that people will NOT move to newly developed land further out even if it is cheaper."
What I was trying to say is that there is a limit on commuting time that workers will tolerate. My guess is that 2 hours each way, 4 hours per day, is pretty much the limit. I could be wrong, maybe a lot of people will tolerate more.
Whatever the cut-off point is, it will decide what the limits of urban sprawl will be around our major cities UNLESS work is sufficiently created around the fringes or with "Satellite Cities".
Things need to change before property prices will drop but until I see them changing I will keep investing in property.
