In Figure 2, S3 shows this proposed shift. Price levels will remain in equilibrium and quantity will increase significantly. Zoning is a means by which owners who own capital extract a large surplus gained from job creation. According to The Economist, the city as a whole benefits from the creation of new construction projects. More people and lower rents translate into a larger labor market, a greater diffusion of knowledge and a greater possibility for professional networking. San Francisco has a lot of population growth, so everyone in San Francisco benefits a little. Before making a decision, I would like to know the long-term effects of the real estate market. Finding immediate housing is a short-term issue and I want to be able to see long-term housing market results. Homeowners end up getting hurt because they would get less value. The people in the city end up being the ones being helped. If we increase housing and lower prices, we get more consumer surplus. The reason is that a larger population would have greater consumption and cheaper access to housing in the city. While there is an efficiency issue between building more homes and increasing congestion, there is no trade-off between efficiency and equality. The reason is that policies benefit people