For anyone familiar with the Bay Area real estate market, this is obviously wrong.
Looking at recent sales, homes in Brisbane are selling at ~$600/sqft, which is easily enough to support the construction of dense housing. For comparison, that's about the same as Toronto, higher than Seattle and many other major cities.
All of Brisbane is near 101, which makes it better than a lot of places in the Peninsula for commuting.
Also, developers in the region are eagerly building condos and townhouses on any land they can get approval for, including areas with serious issues - eg. fifty feet from the Caltrain line but far from the nearest station. If you take a look at new construction listings you will see tons of these, and they sell great because many buyers prefer them over an eighty year old bungalow with tiny bedrooms, termites, and mold.
Looking at recent sales, homes in Brisbane are selling at ~$600/sqft, which is easily enough to support the construction of dense housing. For comparison, that's about the same as Toronto, higher than Seattle and many other major cities.
All of Brisbane is near 101, which makes it better than a lot of places in the Peninsula for commuting.
Also, developers in the region are eagerly building condos and townhouses on any land they can get approval for, including areas with serious issues - eg. fifty feet from the Caltrain line but far from the nearest station. If you take a look at new construction listings you will see tons of these, and they sell great because many buyers prefer them over an eighty year old bungalow with tiny bedrooms, termites, and mold.