Bay Area housing: not enough of it; insanely expensive. Rancho Corral de Tierra along Highway 280: colossal amount of land, the size of San Francisco, could house millions. Still undeveloped. Why?
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BTW thanks for all the insights on this issue; I've actually learned a lot about the Bay Area challenges from these replies.
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I suspect its more a function of the source of money. If the money well springs up only in a very localized area, those that have greater access to the well can outbid those that have limited access.
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