That sounds like an argument to add housing at an extremely high rate. Of course places like the Bay Area have huge pent up demand that requires huge supply to

That sounds like an argument to add housing at an extremely high rate. Of course places like the Bay Area have huge pent up demand that requires huge supply to satisfy, the housing in these cities have been constricted for decades and needs substantial resources to correct. This is like saying that more money generally doesn't help debt if you accumulate more debt than you earn. Somehow, the point is missed. The existence of SRO hotels and similarly "special" dwellings are symptoms of severe housing deficit yet they're portrayed as necessary. There's no reason that the bottom of the housing market needs to be specially gimped, especially when LA is paying $2600 per month for a tent. In a less starved & dysfunctional market, old and adequate housing stock can satisfy that role.