Local NIMBYs and landlords love constrained supply. They leverage zoning codes, claims about aesthetics, parking and traffic concerns, and worst of all affordability percentages to constrain local supply so that their home values and rental incomes will rise. This happens with so much political strategem that the only obvious thing about it is how vested and deliberate it is.

Yet when we look at ultra dense cities around the world where parking or traffic aren’t concerns (because of good public transit), the housing prices become even more crazy.

Tijuana doesn't have those problems, and yet for some reason people that can afford it prefer to live in San Diego. Maybe ultra high density isn't that great? It certainly isn't if you want to swim anywhere near the Tijuana river.

Only one of those places has rule of law.

They are. Single family zoning and minimum lot sizes make it illegal to respond to market signals for more housing supply.

> Land, near where the jobs are, isn't in abundance.

Sure it is, because the jobs are everywhere internet is.

Semi-rural and rural property values should roughly follow fiber and Starlink rollouts.

There are many jobs that require physical presence. The whole world isn't made up of IT workers...

And they have to be performed all in a city center?

They have to be performed near where other people are, yes.

They don't have to but it's more efficient to do so.

> the jobs are everywhere internet is.

How many jobs in the U.S. can be done from the internet?

We should recognize from time to time that not everyone is an "information worker" like us and all our co-workers. In fact, we are few and are among an elite.

> Sure it is, because the jobs are everywhere internet is.

How does an ICU nurse take care of a patient over the Internet? How does a cashier ring through groceries of a shopper over the Internet?

Uhm yeah not everybody wants to live in the country side.

Every city used to be countryside once upon a time.