>>1835814Yes, building shiny new high rise buildings in pedestrian mid rise neighborhoods does raise the profile of the neighborhood for developers and international investors, increasing the cost of living to increase for existing residents faster than it would otherwise, though since new developments usually arrive after the current market cycle has peaked and dipped it is easy to spin as having caused the decrease in rents.
The "housing crisis" is actually a transportation/infrastructure crisis, but corrupting individual community boards with YIMBY propaganda is much easier and has a superior ROI compared to the amount of work required to push an entire regional rail project through, so shills tend to focus on what's profitable. Infrastructure will never improve, and real estate crooks will continue to line their pockets thanks to the tireless efforts of pre-teen NUMTOT idiots parroting mindless talking points for free.
