So, first off, it needs to be acknowledged that this was written by the "Bay Area Council", which is a PR machine for a dues-paying group of bay area corporations, including Facebook and Google [1]. Consider the source. Second, while I'm the first to acknowledge that SF needs to build up, it's clearly absurd to say that the tech boom is "not the cause" of the city's housing problems -- that's like saying that skiing…
"The title of this piece expresses a false choice. It's not
meaningful to consider the development of industry separately
from the development of housing for the workers in industry. We
chose in the early 1950s to develop industry in the Bay Area
without regard for where the workers in the new workplaces
would live. Long before the current wave of tech immigrants
reached San Francisco there were people commuting to the Bay
Area from Manteca and Mountain Home and Santa Rosa and Santa
Cruz. Silicon Valley activists raised alarms in the early 1970s
that four new jobs were being created for each new housing unit
that was built. It shows an astonishing nearsightedness that
the people and the governments of Bay Area cities are only now
realizing that this is problematic."
It's observations like that that further support my views that San Francisco (and the Bay Area in general) is managed by children and has been for an incredibly long time. Considering how many people in the Bay Area are inventing the future, the local government here exhibits a level of shortsightedness that I have previously only witnessed in developing countries.