Yup. Prop 13. NIMBYism. Bad mix. Consider NYC's similarities and differences to SF: finance instead of tech (but also tech now too), no prop 13, got too big

Yup. Prop 13. NIMBYism. Bad mix. Consider NYC's similarities and differences to SF: finance instead of tech (but also tech now too), no prop 13, got too big for NIMBYism before NIMBYism was a thing, but NYC also has had bad housing policy (rent control, rent stabilization, and who knows what other bad ideas). Bad ideas lead to bad outcomes.