According to Jeff Dean, the concerns about fire risks from constructing more mid-rise buildings in Palo Alto are unfounded and exaggerated. Dean, a resident of the area, argues that restrictions on building heights stifle necessary urban development. He suggests that increasing the number of five to seven-story buildings is essential for accommodating housing demands. This perspective highlights the ongoing debate about urban planning and its impact on housing availability, which is crucial for investors monitoring real estate and related markets (source: Jeff Dean's Tweet).