The answer, I think, is that given sufficient numbers sheer volumes can provide counteracting political power to rich minorities and their vassals.
So cheap housing will arrive when those who do not benefit from economic rent seeking or exceptions to having rent extracted from them outnumber the rest.
With high population growth, I think that's possible. It's also possible with economic collapse but I think the Bay Area is here to stay.
Places have subcultures and SF's tech subculture is novelty. Even startup culture in NYC is mostly about industrializing the process of copying novelty: mostly the China approach.
So cheap housing will arrive when those who do not benefit from economic rent seeking or exceptions to having rent extracted from them outnumber the rest.
With high population growth, I think that's possible. It's also possible with economic collapse but I think the Bay Area is here to stay.
Places have subcultures and SF's tech subculture is novelty. Even startup culture in NYC is mostly about industrializing the process of copying novelty: mostly the China approach.