And your proposed solution is what? let's replace "Bay Area" with something else with limited land: "Hawaii". Imagine Hawaii is the next place everyone wants

And your proposed solution is what? let's replace "Bay Area" with something else with limited land: "Hawaii". Imagine Hawaii is the next place everyone wants to live. A billion people want to live there in fact (choose any number that makes you comfortable believing it's not simply a "build more housing units" problem), some who have already been there a long time, some who haven't. This drives the cost of living up. Some people now can't afford to live there. Some of these folks have been there a long time. Some of them have not. What solution is there to this problem other than "somebody doesn't get to live in Hawaii"?