I mean, in the case of SF, yes you're right. It's the laws that prevent supply & demand from working normally. Of course, even with liberalized zoning regulati

I mean, in the case of SF, yes you're right. It's the laws that prevent supply & demand from working normally. Of course, even with liberalized zoning regulations, housing prices would still be higher than normal in SF. But they wouldn't be horrendously bad like they are now.