How small wealthy suburbs contribute to regional housing problems
The line between Atherton, Calif., (right) and its neighbor is obvious in property sizes. Google Earth The odd headlines about little towns in the San Francisco Bay Area just keep coming. First Woodside, a tiny suburb where several Silicon Valley CEOs have lived, tried to declare itself a mountain lion habitat to evade a new California law that enabled owners of single-family homes to subdivide their lots to create additional housing. Then wealthy Atherton, with a population of 7,000 and a median home sale price of US$7.5 million, tried to update its state-mandated housing plan. Until very recently, 100% of