Owning a home in a small town over time yes, but potentially, buying a house in a small town might be a good investment for the future, if it isn't too far away from a large town. I think there will be some interesting transport innovation coming.
The change in building practices will have a large effect too, as could immigration.
Self-driving cars capable of driving drunks home from the city in the weekend nights? There's still the time loss and cost, although it will be possible to make better use of the time when one does not have to drive.