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bogus comments on Open thread, Dec. 29, 2014 - Jan 04, 2015 - Less Wrong Discussion
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The tech boom will make scarcity of housing worse, especially for the most vulnerable people in the area - no doubt about it. That's why there were anti-Google protests in SF in the first place. If you want it to be a win-win situation, you gotta have the land-use policies that go with it - which means, having sane property taxation (no Prop 13) and slashing zoning regulations.
Hope being that if taxed at accurate values and permitted to do so, some of the more desirable locations would morph from houses into condominiums?
Pretty much. Also, increasing liquidity/mobility in the housing market. Prop 13 is an especially foolish and insane policy because it incents real estate owners not to sell, in order to keep their advantaged taxation on the house.