It might not be, if the protests start to become effective in lowering demand. Right now, tech workers want to live in SF. But if they see hatred and protests

It might not be, if the protests start to become effective in lowering demand. Right now, tech workers want to live in SF. But if they see hatred and protests against them at every corner, then at some point those tech workers won't want to live there anymore. Similarly, if tech workers arriving drives up prices which drives up the homeless rate, making the city less and less pleasant to walk around in, then at some point those tech workers won't want to live there anymore. A third way to decrease demand is if the city increases taxes on the well-off, making it much more expensive to live in San Francisco if you have a software engineer's salary. I think all of those are sad, but if we don't build a lot more housing, things will get a lot worse. Either things will spiral out of control, or they'll get so bad that demand starts to fall.