This is a contentious issue and in case you are not from SF and wondering why Y Combinator is taking a stand on it, it has to do with the politics of the tech boom. The plain truth is that the housing crisis is a combination of too much sudden demand fueled by the tech boom and too little supply. The tech community likes to deflect criticism of their sudden influx of relatively high-income workers and say "don't blam…
Well duh, ostensibly high-paying jobs are good, remember? Like, the tech sector is one of the few remaining industries with lots of jobs that pay well, and now we gotta demonize them too? Would it be preferable for everyone to be equally poor?
And it obviously is a supply problem. The California Legislative Analyst Office was pretty clear on that:
> While many factors have a role in driving California's high housing costs, the most important is the significant shortage of housing in the state's highly coveted coastal communities. We advise the Legislature to address this housing shortfall by changing policies to facilitate significantly more private home and apartment building in California's coastal urban communities.