He's not making a political statement—he's simply saying that a "grandfathered" household enjoys a salary and house value that rose sharply with the area's dema

He's not making a political statement—he's simply saying that a "grandfathered" household enjoys a salary and house value that rose sharply with the area's demand. Newcomers, however, have no such head start. As long as Bay Area real estate remains restricted, newcomers will be permanently disadvantaged (in an absolute sense). It's kind of a classic small-town value: get in while it's good, and shut the door behind you.