Earlier quoted context omitted.
I've heard quite a few SF people say they welcome this, once all the rich dudes leave it might actually return to being a fun and affordable city again. Let's see :)
Those people are delusional. They should see how the doom loop worked out for detroit.
The problem in Detroit was there was no price low enough to get people to live there when there were so many places with similar amenities and better quality of life nearby. In SF, the second housing prices fall, they're scooped up instantly. People move across the country/world to live in SF even when the job market has been terrible in the past. (There's a lot more to SF than a job.) I'm not saying San Francisco could never fall, but we're nowhere near that reality.