[dionidium]

A lot of people quite obviously love the suburbs. But the people who like cities want to live in the center. This means that as long as there exist some number of people who desire urban living, the prices there should continue to rise. What's being valued is the proximity to other people. And that supply is necessarily constrained.

Certainly some people live in city centers out of necessity. But the super-wealthy could live anywhere they want. They choose Nob Hill and SoHo (and so on). And they will continue to do so. Transportation options have very little to do with it.

Better transportation options for everyone else will be great! But the U.S. is an enormous place, so it's really only the city centers that should continue to see price pressures (because there's plenty of room everywhere else and better transportation options improve that situation).

[erikpukinskis]

Yes, some people prefer cities, but we have to ask whether those are the people fueling urban growth.

In San Francisco, I suspect it’s mostly jobs, not love for the city, that is causing growth and fueling housing price increases.