This isn’t true at all. The vast majority of housing being built is used as the primary residence for SF residents, people from SF move into these new buildings

This isn’t true at all. The vast majority of housing being built is used as the primary residence for SF residents, people from SF move into these new buildings and open up cheaper units in older buildings. https://sfist.com/2014/09/30/almost_half_of_newly_built_condos_i/ https://sfist.com/2014/09/30/almost_half_of_newly_built_cond... I don't think that's changed appreciably in five years.