This becomes pretty clear when you look at housing prices vs commute times in some of the larger, wealthier metro areas like NYC, Boston, Seattle, and the Bay
Sure, you can get a 2500 sq ft house on a quarter acre lot for $500k, if you’re also willing to drive for 2 or more hours a day to go to/from work. If you want a 15 minute or less commute, prepare to spend 3 times more for the same sized house on a smaller plot of land.
What’s crazy to me is when you have communities like Medina, WA or Atherton, CA where this extremely conveniently located land is all single family houses. When inequality is low you have people living close to employers for convenience and living far to get more house per $ - now inequality, especially in certain regions, is making it so that the rich people are able to get the best of both worlds
To me the high premium on convenience these days indicates that these regions are in need of a public transportation upgrade, but that’s another story.