Completely missing is any mention of the housing supply shortage. If Bay Area governments had simply gotten out of the way developers would have build more tha

Completely missing is any mention of the housing supply shortage. If Bay Area governments had simply gotten out of the way developers would have build more than a million new units of housing over the past 40-50 years. Real home prices would have only have increased slightly due to the increased costs of building up. Instead we got only a tiny fraction of the housing needed to meet demand and huge rent/price increases resulting the highest cost of living in the world. This is a mad-made problem.