> Big cities deal with this all over, so how do they deal with this "problem,"
As far as I can tell, they simply don't. I don't think there is any city that "deals with it", or even tries to, in any way.
Every city I can think of that has value in living in, is experiencing explosive bubble-like growth in them. Even the supposedly "cheap" or "low cost of living" cities are undergoing this process.
I think most cities secretly want this to happen, since it leads to higher property taxes and drives out members of their community they consider less desirable.
As far as I can tell, they simply don't. I don't think there is any city that "deals with it", or even tries to, in any way.
Every city I can think of that has value in living in, is experiencing explosive bubble-like growth in them. Even the supposedly "cheap" or "low cost of living" cities are undergoing this process.
I think most cities secretly want this to happen, since it leads to higher property taxes and drives out members of their community they consider less desirable.