I appreciate the IQ measurement! Room temperature is an improvement from the

one I'm usually told I have.
In short, planners coming out of the UBC planning school as one example (of which urban geography was a bachelor-level taste of left-wing interpretations of real estate), learned to lens real estate through a Marxist eyeglass. That tended to produce planners that were, to varying degrees, working in a bubble that was either market-antagonistic or market-ignorant. In a market-based economy, one can plan all they want but if they ignore the market, knowingly or not, you can end up with examples like the Quarters: a costly planning bubble.
And even so, that's only my $0.02 based on my own experiences both in field of studies and real-world real estate work.