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Jul 26, 2017, 03:54 PM
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How to spend $19/hour to fly

A $250,000 plane which costs $19/hour to fly & can reach useful distances, if you believe the pitch. You could buy 8 & fly to work for the same cost as living near a job. Whether or not this incarnation ever materializes, battery prices may be low enough to cause serious disruptions in population distribution. To be sure, much of today's decisions are cultural rather than economic. The current generation is obsessed with experiences over money, devoting all its output just to live in the middle of a city.

Despite that cultural boundary, cheap batteries have already slightly impacted populations in cities, in the form of electric skateboards allowing commuters to go 5 miles farther. For many years, this market studdered between segways, hoverboards, unicycles, & scooters, but this year seems to be converging on the electric skateboard. While millenials will never choose money over location, they are being allowed a choice.

If few enough people chose to leave cities & fly to work, it could be a massive boom to those who did. If enough people left cities to depress housing prices, the government would most certainly impose drastic measures to stimulate housing prices. It definitely wouldn't be a choice if enough people did it. There would probably be negative interest rates & huge asset inflation until a house in Montana suddenly cost $80 million.
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