IMO it's the maximum amount of "like the Bay Area" that you can get before it starts to become a negative. Unfortunately it shows no signs of slowing down in its movement toward that direction.
The property I bought was developed after someone died. Granted there was no inheritance because it had accrued 1.4m in backtax, but the previous resident got to live out their home despite poverty. That's the case with most new construction within the city.
The homeless travel here because it's more tolerable to be homeless here than many places.