One or two bedroom apartments don't decrease the value of single family homes. More jobs and more population density increases the overall value of a city. New

One or two bedroom apartments don't decrease the value of single family homes. More jobs and more population density increases the overall value of a city. New grads and singles moving into a city need a place to live, and rental units provide it. Think about it this way - if you demolished all the apartment buildings in San Francisco or New York, would the value of single family homes go up or down? Would brownstones in New York be worth more if there were no apartment buildings Harlem or Queens? If you walled off and burned down the Tenderloin and Point Richmond, would that mean that houses in the sunset would be worth more? I doubt it, since the city overall would be a less desirable place to live with fewer opportunities to work, and lower density means that fewer bars, restaurants, retail establishments, museums etc.. could be supported.