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If you add enough housing+residents it will lower the values as the places become overcrowded metropolises less people want to live in. But somewhere like the
by pengaru 5y ago
If you add enough housing+residents it will lower the values as the places become overcrowded metropolises less people want to live in.
But somewhere like the SF Bay Area has a loooooong way to go before it gets anywhere near that bad. Relative to most of the nation, it can get heaps worse in terms of crowding and QoL and still look exceptionally good. I don't see prices going down anytime soon, except if something like the homeless problem evolves into a continuous stream of violence and structure fires.
- geogra4 5y ago> If you add enough housing+residents it will lower the values as the places become overcrowded metropolises less people want to live in. Maybe at some extremely high level it becomes untenable but both Manhattan and Paris are very desirable places to live and they have 3-4x the population density of sf.
- pengaru 5y agoRight, which means you can effectively ruin SF through the lens of many existing residents, by turning it into a Manhattan, and still not have affordable housing there. So why do it?
- kelnos 5y agoConsider that Brooklyn has over 2x the density of SF, but median home prices 40% less. I agree that turning SF into Manhattan would ruin it in many people's eyes, but turning it into Brooklyn would be... not all that much of a change?