You are correct that rising and falling property values will result in changes of land use outcomes.
But Gus is absolutely spot on about the pseudo-liberal yuppie bullshit - those who talk the talk about helping those in need, but when it suits their own purpose and contributes to their own wealth, doing things that create a situation where those in need are hurt, not helped. But some folks see a problem with it when the person doing it is known to be a conservative, but no problem if the person is a liberal.
So liberals shouldn’t buy nice apartments? What precise conduct of theirs do you want to change?