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A comment on Housing in the Bay Area. Parent comment

Re:Housing in the Bay Area by jvm on Wednesday May 25, 2016 @09:51PM (#11774661)
> First group don't want new houses and dilute value of their property

Increasing as-of-right development opportunities can potentially actually increase land values. Definitely bad for condo owners though.

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Re:Housing in the Bay Area by sampo on Wednesday May 25, 2016 @09:59PM (#11774695)
> Definitely bad for condo owners though.

Why? I would assume, as the area gets denser, more popular, more shops, more restaurants, that also condos go up in price?

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Re:Housing in the Bay Area by dragonwriter on Wednesday May 25, 2016 @10:04PM (#11774714)
It increases land values, but more new development decreases the value of older improvements on land.
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