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> educated population, business growth, tremendous financial gains for existing property owners. What exactly is he worried about? Traffic? He's probably worri
by azakai 10y ago
> educated population, business growth, tremendous financial gains for existing property owners. What exactly is he worried about? Traffic?
He's probably worried about skyrocketing rent, and overall increases in the cost of living in the area. It pushes middle class and working class people out.
The result is a Silicon Valley where firefighters and teachers and retail workers can't afford to live in the area.
In general, it's reasonable to consider what the optimal rate of office space growth is. If it's matched by a growth in the necessary infrastructure around it - housing, but also public transit, etc. - then it can be great. Unchecked office space growth by itself isn't necessarily good.