I live on the Peninsula in the Bay Area, SF's suburbs. Recently there has been a huge uptick in apartment building, mostly because Caltrain is building apartments on their land. I rent so I like there is some downward pressure on property prices. However one problem with these apartments blocks is that they make them cheap and they look lame. Nothing like the nice apartments in Italy or France. It's too bad. There should be some big tax break for good architecture.