[lawnchair_larry]

It’s not a zoning issue, it’s a WFH issue. If they build more housing, more tech workers will just buy it. The pool of people who earn more than local service industry folks and have location flexibility is extremely deep now, and it will only continue to grow. Pre-COVID had a proximity requirement to the high paying jobs that prevented this sort of arbitrage.

It happens in every market where the wealth is generated outside of the local economy. That’s the Econ 101 that zoning activists misunderstand. For a more prominent example, see New Zealand.