Quote:
Originally Posted by Crawford
Why would sprawly, uncentered places like Fresno and San Jose, draw heavy train loads? I don't get it. What executive is spending $250 to travel between the two, requiring an Uber (which won't exist if the market crashes) on either end? How many Google or Apple execs are visiting Bakersfield, and why wouldn't they just drive or take a plane?
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For the same reason people get up at 4 AM and commute 70 - 100 miles each way from the San Joaquin Valley. The average home price in Fresno is $243K. The average home price in Santa Clara County is $1,162M. That is a pretty big reason to commute via high-speed rail two or three days per week.
https://www.zillow.com/fresno-ca/home-values/
https://www.zillow.com/santa-clara-c...a/home-values/
I am sure we can do a similar exercise for average home price for Bakersfield vs. LA County.
Take a flight between Fresno and San Jose?