Earlier quoted context omitted.
Cost of housing going up also increases the wealth of homeowners in the area. This is not purely bad.
When something is good for the landed and bad for the landless... it's generally bad. Now, we could reform our policies so that the landless get a fair shot, but realistically, what are the chances of this happening?
And if that happens to an extreme degree where it becomes unsustainable, maybe an HQ3 would be in order?