There are planned desert cities in Arabian peninsula. If land value in California grows because people value geographical proximity to San Francisco that much at some point it will outweigh costs of having to build infrastructure in the middle of the desert.
There are multiple problems that need to be solved here. Buying land is one of them, and yes, it seems like a reasonable investment for someone who has tons of money. The other problem is water.
Yet another problem could be the transit from the new city to SF. Geographical proximity may be useless if the traffic jams make commuting impossible.
There are planned desert cities in Arabian peninsula. If land value in California grows because people value geographical proximity to San Francisco that much at some point it will outweigh costs of having to build infrastructure in the middle of the desert.
There are multiple problems that need to be solved here. Buying land is one of them, and yes, it seems like a reasonable investment for someone who has tons of money. The other problem is water.
Yet another problem could be the transit from the new city to SF. Geographical proximity may be useless if the traffic jams make commuting impossible.