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> I believe there is a goldilocks regime between the two extremes that we should strive for

Is that where life becomes so unpleasant for the people who live there that the rents crash? I think you run into a traditional work migration problem here, because the young people who are moving to SF from suburbs and small towns across the nation generally have no intention of staying in SF and raising a family, so will be tolerant of far worse conditions than people who intend to actually make a life there.




That's probably because people can't make a life there.




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