I'm waiting for my area to allow multifamily and or detached ADU before I build.
Thank Scott Weiner for the builder’s remedy.
https://sanjosespotlight.com/cupertino-spent-affordable-hous...
Scott Wiener did not create the builder’s remedy; it was created in 1990 and rediscovered by Chris Elmendorf https://twitter.com/CSElmendorf/status/1474286606982934528 https://escholarship.org/uc/item/38x5760j. But Wiener did make the builder’s remedy apply to more jurisdictions by increasing the RHNA quota (SB 828).
You'd be surprised even in rural undeveloped areas how hard it can be to build, it's all gotten much worse in the past 50 years. In the city they damn you with onerous permit and utility connection requirements, in the country they slit the throat with ever more onerous septic and well environmental restrictions which of course were voted in by people who grandfathered their own property in.
By creating far more tokens the price spirals down, even though utility rises. The utility of land actually has a pretty weak link to its price.
Take at the extreme of housing fitting into a pinpoint. No one even needs to buy your land even though it now has infinite housing utility -- even though essential it is abundant so it becomes cheap like water.