Large-scale housing production is prohibited in the Bay Area as a matter of public policy. Reasons include honoring the “rights” of neighbors to be spared from unwanted changes in their neighborhoods, general anti-capitalist beliefs that markets are the wrong way to allocate housing or that private capital is the wrong way to build it, rejection of the idea that supply and demand apply to hosuing, and the simple observation that when new housing is built, it tends to be expensive.