3 ms·
You're talking about a community of 2000 residents [1] out of over 7 million residents in the San Francisco Bay Area [2]. Do you really expect it to change the
by cletus 8y ago
You're talking about a community of 2000 residents [1] out of over 7 million residents in the San Francisco Bay Area [2]. Do you really expect it to change the housing cost equation at all?
In a largely unregulated market land use is largely dictated by how expensive that land is. Developers don't otherwise just decide to build high rises, mid rises, townhouses or SFHs. It's why the 3-6 story condo complexes you get in, say, Santa Clara County you don't get in Manhattan.
Now obviously this is complicated by regulation, demand in different market segments, what the infrastructure can support, etc but the prices you give seem to suggest the land value is extremely high. Building low density housing on that is going to lead to really high prices.
[1] https://baymeadows.com/2017/12/22/2017-lets-do-the-numbers/ https://baymeadows.com/2017/12/22/2017-lets-do-the-numbers/
[2] http://www.bayareacensus.ca.gov/ http://www.bayareacensus.ca.gov/