I would mention that it may actually cause property values to go up for single family homeowners. Reason being a developer would have the ability to buy the whole property and build an apartment building.
Each apartment may cost less than the house that was there before, but the value of property together (land + apartment building + individual units) is sure to cost more than when only a single home was on it.
Condo owners, on the other hand, would see the value of their units decrease with the extra competing supply. This, of course, being one of the benefits of YIMBYism for everyone else (increases affordability).
The difference is that the Bay Area apartments would be new initially vacant apartments that could compete with existing apartments.
New York already has had high density for a century+, but has not been adding apartments at a rate that would match population growth (and income growth) for decades.
In the Bay example, presumably if the new apartments were a one off, prices would initially come down, but would then start to rise again as more people move in and add to demand.
The solution would be to continuously add sufficient new apartments to match population growth (which could be done by liberally allowing builders to build more density to meet demand).
Interestingly enough, prices don't even need to become cheaper month to month for there to be an incentive to delay spending. Having access to a positive (real) interest bearing account does the same thing: why spend $1000 today when you can spend $1000 a year from now and keep the $30 in interest (assuming a 3% real interest rate).
This got me thinking: how can someone who didn't grow up with the relevant soft skills learn them later in life? Are there any specific books or places to role play these soft skills that are recommended?
Now that there is a strong incentive to produce organic non gmo food, technologies will be developed to increase crop yield given those constraints (in addition to existing permissible technologies in organic farming such as drip irrigation, tractors and: https://interestingengineering.com/video/this-flamethrowing-...). Sure, yields would always be higher if gmo and chemical pesticides were allowed, but in the long run we can still expect yields to increase.
The supply of high quality education and credentialing services needs to increase to meet demand. Otherwise, college admissions will just be a zero sum game.
Each apartment may cost less than the house that was there before, but the value of property together (land + apartment building + individual units) is sure to cost more than when only a single home was on it.
Condo owners, on the other hand, would see the value of their units decrease with the extra competing supply. This, of course, being one of the benefits of YIMBYism for everyone else (increases affordability).