[maccard]

And you're ignoring that many people _do_ care about city living.

> sure there is a price premium, but $600k seems more reasonable than $1.5M.

So now you've built $600k houses, not $300k houses. And if there are desireable jobs in the area, that pushes the demand for thouse $600k houses up to the amount that is paid in the area.

[danaris]

And you also need to bear in mind that a 2x increase in house price means much more than a 2x decrease in the number of people who can afford it.