Well, we only have two (or being generous, a few) major highways in the South Bay, 280 and 101, ditto East Bay, one in the North Bay, um… zero SF? So, add thousands or tens of thousands of units up and down the coast? I call it creating a “pig in a python”.
The sudden surge in demand for schools, water, highways, etc, will not be covered by these developers’ fees, or renters, leaving cities to foot bills, and drivers mired in even worse traffic. And who knows what will happen to the money they get. Probably pay off pension debts!
And, oh, more mass transit? Fact is, mass transit usage is going down in every major city except Seattle, people need cars, not enough mass transit to get to where one needs to go, all to often out here in CA.
We are not like the East Coast or Europe in this regard. CA is not one major transit corridor where people can get to where they need to go without cars. Unless we do what Seattle does - which is create a transit grid that covers the entire area evenly and not just outer spokes which feed into downtown, we will be choking in cars and pollution. That would cost billions upon billions which are not going to be spent. Bus routes are being cut, not added.
Without resources. I call this a bad deal, and people will flee. I know i would. And i don’t think you can add water. We’re in a major drought again and highways take years to build and… schools and … teachers and … hospitals and so it goes.
This is why local governments, shady as they can be sometimes, at least should do what is best for their area.
But yes, if you own a lot, or a house, near one of these transit stops, you’ll probably be able to sell for more. How much will depend on a lot of factors. Others nearby, I have questions whether this is a bad thing or a good thing, moral issues aside re providing housing. The Sierra Club is against it so even moral moral issues are debatable.