The SF Bay Area is a "housing shitshow" because there is too little supply for the demand. That much we agree upon. The idea that we just have to wait for the

The SF Bay Area is a "housing shitshow" because there is too little supply for the demand. That much we agree upon. The idea that we just have to wait for the "boom economy" to end for the housing prices to fall to reasonable levels is not backed up by any evidence. Even the dotcom collapse of the oughts and the Great Recession didn't have enough of an effect on Bay Area housing prices [1] to make them affordable. Furthermore, there's plenty of evidence that this isn't a bubble—the demand is driven by well-established tech companies like Google, Facebook, and Apple that aren't going anywhere. > The end result is a mix of cut-up single family homes and a bunch of teardown situations where nasty condo units eliminated open space, made parking a nightmare and killed the community. Speak for yourself. I happen to like those "nasty condo units". In fact, I just bought one in San Francisco (in a building that replaced a disused industrial warehouse) after nearly a decade of saving—which was necessary largely because of NIMBYs driving down supply. I consider myself very fortunate to be able to do that, and I fully intend to buck the trend of homeowner-driven NIMBYism and encourage more development in the area so that others in my generation, as well as future generations, can afford to live here. [1]: https://www.paragon-re.com/trend/annual-trends-overview-san-francisco-real-estate https://www.paragon-re.com/trend/annual-trends-overview-san-...