When the economic opportunities overrun the "character of the neighborhood", neighborhoods get destroyed and people get priced out of their own homes. It's called gentrification.
Wrong. Adding supply lowers prices, not increases them.
The fact that wealthy rentiers in the Bay Area have somehow convinced activists that they should oppose new development is farcical. Liberal activists are literally protesting to enrich capitalists.
Your home can be seized by eminent domain as was done by the town of New London a few years back. They did so in order for a private developer to build more expensive housing on that property and generate higher property taxes for the city. https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London
How would more affordable housing (by replacing single family homes with high-rise complexes) increase gentrification? If anything, people are getting 'priced out' because of the absurdly high housing prices right now.
Uh, if you have been following along, you may have noticed that most people cannot afford the bay area as it is. Adding some supply might help things, rather than make them worse.
Wrong. Adding supply lowers prices, not increases them.
The fact that wealthy rentiers in the Bay Area have somehow convinced activists that they should oppose new development is farcical. Liberal activists are literally protesting to enrich capitalists.