[eldavido]

There's a popular meme that it makes an area more desirable, therefore increasing property prices. And there's probably some truth to that.

What this fails to consider is that, if a bunch of people are moving to an area, they have to go SOMEWHERE, so it's not a "here vs. there" question, it's "which here will it be?" Proponents like to believe they can somehow put people "elsewhere" without realizing the poor always get screwed when rents rise, and they absolutely will rise everywhere in an uncontrolled and chaotic fashion, if more supply doesn't come to market.

[Kalium]

For plenty of people, so long as the answer is "not near me" then the details are irrelevant. You can see the policy mess that results.

[eldavido]

Typical collective action problem. Everybody wants to move here but nobody wants to house them.

At some point the business community just has to pull a Bezos and be like, OK guys, fine, you don't want us here, we're packing up, bye. Then see what happens when all those pension and infrastructure payments come due. Hilarity will ensue.