"Smart Growth"

SF Bay Area housing prices 3x relative to wages since the 1970s, the result of policies designed for "smart growth," ie less growth and the inability of demand to meet supply.

Look - the Bay Area is gorgeous - with tons of still open spaces all over the place. And traffic is still a problem, so I don't have a particular problem with it.  But that's probably because I don't live there and want to buy a house there.