Atherton’s median home price is $6.5M in part because it mandates at least 1 acre of land per house. Palo Alto is $3.1M. It killed 60+ units of low-income senior housing to build 16 single family homes instead.
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I've never explored this, but the concept of induced demand is fairly generally accepted when applied to traffic. Is there an analog for housing?
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I mean.... driving on a road (and parking) is usually provided by the government for free to people. Housing is the most expensive thing we spend money on, probably in our entire lives.
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Um. If the price of land increases, but that land value is now divided among 4 homes instead of one, don't you still get housing that is cheaper per home?
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Single-digit millionaires will be FORCED OUT and have to move to MENLO PARK I tell you
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This is the face of a man honestly concerned about gentrification
pic.twitter.com/e6PU8Xvl2E
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One of the co-authors here is a millennial

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Paging John Mirisch
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They just saying it now. They don't care
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