land values (underlying the property) generally go up in California.
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if you're Palo Alto, and you shut off development while being adjacent to 3 of the world's most valuable companies, then yes, your housing
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Or maybe because they are less dense and not feeling as overcrowded as higher income cities. Also have less Yimbism to counter.
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When I lived in Marin opposition had little to do w property values. Residents were concerned about noise, traffic, other enviro impacts.
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@SFBusinessTimes How do you explain E. Palo Alto? (aside from the no water thing). -
they're actually open to more construction. It's more the logistics of how you acquire the land, how you protect existing residents.
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then there's high-income SJ, suppressing housing vs jobs, to improve its tax revenues this way vs using other/higher taxes. c/
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enlightened self interest is not always lucrative.
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at some point it's in the wealthy's interest to stave off uprisings
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Can be complementary. Some auto transit to HSR stations will still be a mode of collecting some riders and balancing access to affordability
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